Best Money Market Rates in Springfield, Illinois (IL) - May 2026
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Brian McKay
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Brian McKay
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The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
Current Springfield, Illinois and the surrounding area money market deposit account rates include Heartland Credit Union Springfield, ILHeartland Credit Union Springfield, IL2712 E Sangamon Ave, Springfield, IL 62702A+5.0 ★Texas Ratio: 1.13% money market at 3.09% APY, Illinois State Police Federal Credit UnionIllinois State Police Federal Credit Union730 Engineering Ave, Springfield, IL 62703A+5.0 ★Texas Ratio: 0.68% Money Market Savings at 3.00% APY, Land Of Lincoln Credit UnionLand Of Lincoln Credit Union300 S Grand Ave W, Springfield, IL 62704 3716A5.0 ★Texas Ratio: 6.84% MAXimum Money Market - Tier 4 at 2.71% APY, Cooperative Choice Network Credit UnionCooperative Choice Network Credit Union3900 Wood Duck Dr, Springfield, IL 62711A+5.0 ★Texas Ratio: 1.78% Money Market at 2.63% APY, and Alliance Community BankAlliance Community BankRoute 29 And Andrew Road, Springfield, IL 62707A+5.0 ★Texas Ratio: 2.71% Alliance Money Market at 2.48% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Springfield has 9 local institutions in our database, with money market rates as high as 3.09% APY from Heartland Credit Union Springfield, IL at 2712 E Sangamon Ave, Springfield, IL 62702. Use the table below to compare all available offers, including options from institutions serving the broader Illinois area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Springfield, Illinois and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Springfield, Illinois & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
money market
3.09%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
3.09%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Savings
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
2.84%
$0
▼
Rate2.80%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Savings
2.75%
$0
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
300 S Grand Ave W, Springfield, IL 62704 3716
MAXimum Money Market - Tier 4
2.71%
$0
▼
Rate2.68%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.78%
3900 Wood Duck Dr, Springfield, IL 62711
Money Market
2.63%
$0
▼
Rate2.60%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
2.53%
$0
▼
Rate2.50%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Checking
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Alliance Community Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.71%
Route 29 And Andrew Road, Springfield, IL 62707
Alliance Money Market
2.48%
$0
▼
Rate2.45%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
$1,500,000.00 and up
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.78%
3900 Wood Duck Dr, Springfield, IL 62711
Money Market
2.43%
$0
▼
Rate2.40%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.76%
2424 W Iles Ave, Springfield, IL 62704 4330
Insured Money Market Account (IMMA) TIER-4
2.35%
$0
▼
Rate2.32%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.78%
3900 Wood Duck Dr, Springfield, IL 62711
Money Market
2.32%
$0
▼
Rate2.30%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
money market
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
2.27%
$0
▼
Rate2.25%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois Educators Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.66%
3101 Montvale Dr, Springfield, IL 62704 4260
Money Market
2.27%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Checking
2.25%
$0
▼
Rate2.22%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.76%
2424 W Iles Ave, Springfield, IL 62704 4330
Insured Money Market Account (IMMA) TIER-3
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Money Market Account
2.22%
$0
▼
Rate2.20%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Alliance Community Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.71%
Route 29 And Andrew Road, Springfield, IL 62707
Alliance Money Market
2.22%
$0
▼
Rate2.20%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
$500,000.00 - $1,499,999.99
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.76%
2424 W Iles Ave, Springfield, IL 62704 4330
Insured Money Market Account (IMMA) TIER-2
2.15%
$0
▼
Rate2.13%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Citizens Equity First Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.76%
2424 W Iles Ave, Springfield, IL 62704 4330
Insured Money Market Account (IMMA) TIER-1
2.05%
$0
▼
Rate2.03%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Warren-Boynton State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
3030 Spring Mill Dr, Springfield, IL 62704
Money Market Account
2.02%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Savings
2.00%
$0
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
300 S Grand Ave W, Springfield, IL 62704 3716
MAXimum Money Market - Tier 3
1.99%
$0
▼
Rate1.94%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
300 S Grand Ave W, Springfield, IL 62704 3716
MAXimum Money Market - Tier 2
1.91%
$0
▼
Rate1.89%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
300 S Grand Ave W, Springfield, IL 62704 3716
MAXimum Money Market - Tier 1
1.86%
$0
▼
Rate1.84%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
300 S Grand Ave W, Springfield, IL 62704 3716
Money Market - Tier 3
1.80%
$0
▼
Rate1.75%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Warren-Boynton State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
3030 Spring Mill Dr, Springfield, IL 62704
Money Market Account
1.61%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Checking
1.50%
$0
▼
Rate1.49%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
300 S Grand Ave W, Springfield, IL 62704 3716
Money Market - Tier 2
1.46%
$0
▼
Rate1.45%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Money Market Account
1.46%
$0
▼
Rate1.45%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Land Of Lincoln Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.84%
300 S Grand Ave W, Springfield, IL 62704 3716
Money Market - Tier 1
1.36%
$0
▼
Rate1.35%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Warren-Boynton State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
3030 Spring Mill Dr, Springfield, IL 62704
Money Market Account
1.11%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Money Market Account
1.06%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Cooperative Choice Network Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.78%
3900 Wood Duck Dr, Springfield, IL 62711
Money Market
1.01%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Illinois State Police Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.68%
730 Engineering Ave, Springfield, IL 62703
Money Market Checking
1.00%
$0
▼
Rate0.99%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Platinum Money Market Account
0.85%
$0
▼
Rate0.85%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Alliance Community Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.71%
Route 29 And Andrew Road, Springfield, IL 62707
Alliance Money Market
0.80%
$0
▼
Rate0.80%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
$100,000.00 - $499,999.99
WCB West Central Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.55%
3600 Wabash Ave, Springfield, IL 62711
Platinum Money Market Tier 3
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Warren-Boynton State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
3030 Spring Mill Dr, Springfield, IL 62704
Money Market Account
0.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Warren-Boynton State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
3030 Spring Mill Dr, Springfield, IL 62704
Money Market Account
0.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Alliance Community Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.71%
Route 29 And Andrew Road, Springfield, IL 62707
Alliance Money Market
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
$50,000.00 - $99,999.99
Warren-Boynton State Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.80%
3030 Spring Mill Dr, Springfield, IL 62704
Money Market Account
0.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
WCB West Central Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.55%
3600 Wabash Ave, Springfield, IL 62711
Platinum Money Market Tier 2
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
WCB West Central Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.55%
3600 Wabash Ave, Springfield, IL 62711
Platinum Money Market Tier 1
0.45%
$0
▼
Rate0.45%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
WCB West Central Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.55%
3600 Wabash Ave, Springfield, IL 62711
Money Market
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Alliance Community Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.71%
Route 29 And Andrew Road, Springfield, IL 62707
Alliance Money Market
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
$10,000.00 - $49,999.99
Alliance Community Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.71%
Route 29 And Andrew Road, Springfield, IL 62707
Alliance Money Market
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Up to $9,999.99
Heartland Credit Union Springfield, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 1.13%
2712 E Sangamon Ave, Springfield, IL 62702
Money Market Account
0.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Rate3.92%
Min Deposit$100,000
Min Balance—
UpdatedMay 5, 2026
Details
New Money Only
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
Premium Money Market Special
4.00%
$100,000
▼
Rate3.92%
Min Deposit$100,000
Min Balance—
UpdatedMay 5, 2026
Details
Rate3.83%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
New Money Only
United Trust Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.60%
Premium Money Market Special
3.90%
$10,000
▼
Rate3.83%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Qualifying balance up to $2,499.99
Waterman Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 3.95%
Business Money Market
3.82%
$2,500
▼
Rate3.75%
Min Deposit$2,500
Min Balance—
UpdatedMay 5, 2026
Details
Qualifying balance up to $2,499.99
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
High-Yield Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
Huntington Relationship Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
State Bank of Texas
Institution Rating:
A+5.0 ★ Texas Ratio: 2.36%
High-Rate Jumbo Money Market
3.76%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 4, 2026
Details
Annual Percentage Yield is accurate as of posting date and applies to new money deposits only. Rate is subject to change without notice after account opening. Fees and/or withdrawals could reduce the earnings on the account.
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
Business Money Market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Gold Coast Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.28%
GCB Money Market Account
3.67%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 3, 2026
Details
First Merchants Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
Money Market Special
3.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Promo Rate
Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.78%
Business Money Market Account
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Together Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.65%
Money Market (IRA)
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
New money only
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
New money only
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market Special
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.78%
Business Money Markets
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market Special Intro rate
3.50%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$15,000+
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Premier Money Market
3.40%
$0
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Money Market Account
3.35%
$0
▼
Rate3.30%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
Business IMMA - Tier 9
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
Business IMMA - Tier 8
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
Business IMMA - Tier 7
3.35%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Alumni MMDA (Money Market)
3.34%
$10,000
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Business Alumni Money Market*
3.34%
$10,000
▼
Rate3.29%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Premier Money Market
3.30%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.56%
Money Market
3.29%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
up to
Selfreliance Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.56%
Money Market Accounts
3.29%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IMMA - Tier 9
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IRA-HSA IMMA - Tier 7
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.68%
IRA-HSA IMMA - Tier 8
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Central Federal SLA
Institution Rating:
A+5.0 ★ Texas Ratio: 4.92%
Premier High Yield Money Market
3.25%
$100,000
▼
Rate3.20%
Min Deposit$100,000
Min Balance—
UpdatedMay 5, 2026
Details
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
Consumer Money Market
3.22%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Republic Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 4.71%
Digital Money Market
3.22%
$2,500
▼
Rate—
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
High-Yield Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
Huntington Relationship Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Premier Money Market
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Byline Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.13%
Advantage Money Market Account
3.15%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 3, 2026
Details
$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.
CenTrust Bank
Institution Rating:
B+4.7 ★ Texas Ratio: 18.83%
Platinum Money Market Account
3.15%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
Qualifying balance up to $10,000.00
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Business Alumni Money Market*
3.08%
$10,000
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Alumni MMDA (Money Market)
3.08%
$10,000
▼
Rate3.04%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
Armed Forces Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.63%
Premier Money Market
3.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
International Bank of Chicago
Institution Rating:
B-4.4 ★ Texas Ratio: 22.84%
Money Market Account
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
North Shore Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.63%
Premier Money Market
3.00%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
First National Bank in Olney
Institution Rating:
A+5.0 ★ Texas Ratio: 4.02%
High Yield Money Market
2.89%
$25,000
▼
Rate2.85%
Min Deposit$25,000
Min Balance—
UpdatedMay 5, 2026
Details
North Shore Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.63%
Premier Money Market
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
First FSB of Mascoutah
Institution Rating:
A+5.0 ★ Texas Ratio: 0.04%
Business Alumni PLUS Money Market*
2.67%
$10,000
▼
Rate2.64%
Min Deposit$10,000
Min Balance—
UpdatedMay 5, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Springfield, Illinois and the surrounding area.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Springfield, IL Money Market Rate Trends
Compare local Springfield, IL money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield MMA — IL Avg
3.070%
▼ 0.361 vs 7 days ago
Illinois high-yield MMA rates fell 0.361 points over the past 7 days to 3.070% APY.
Standard MMA — IL Avg
0.712%
▲ 0.093 vs 7 days ago
Illinois standard MMA rates rose 0.093 points over the past 7 days to 0.712% APY.
As of May 13, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Springfield, Illinois directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Springfield, Illinois. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in IL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Springfield, Illinois
What is a Money Market Account (MMA)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Illinois.
Are Money Market accounts in Springfield, Illinois safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Illinois up to $250,000 per depositor, per institution.
How often do MMA rates change in Springfield, Illinois?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Illinois rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Springfield, Illinois?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Springfield, Illinois require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Springfield, Illinois
Here are some of the highest money market account APYs currently available in Springfield, Illinois and the surrounding area:
- Heartland Credit Union Springfield, IL
money market — 3.09% APY - Illinois State Police Federal Credit Union
Money Market Savings — 3.00% APY - Land Of Lincoln Credit Union
MAXimum Money Market - Tier 4 — 2.71% APY - Cooperative Choice Network Credit Union
Money Market — 2.63% APY - Alliance Community Bank
Alliance Money Market — 2.48% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Springfield, Illinois. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 12, 2026
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