Algonquin, Illinois (IL) Savings Rates - April 2026
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The savings 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.
The best savings rates for Algonquin, Illinois and the surrounding area include Michigan State University Federal Credit UnionMichigan State University Federal Credit Union2400 Huntington Dr N, Algonquin, IL 60102A5.0 ★Texas Ratio: 9.68% Savings Builder - Tier 1 at 5.00% APY, The Huntington National BankThe Huntington National Bank103 S Randall Rd, Algonquin, IL 60102A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 3.55% APY, PNC BankPNC Bank791 S Randall Rd, Algonquin, IL 60102A5.0 ★Texas Ratio: 6.83% PNC High Yield Savings® at 3.25% APY, Crystal Lake Bank and Trust Co., N.ACrystal Lake Bank and Trust Co., N.A4049 W Algonquin Rd, Algonquin, IL 60102A+5.0 ★Texas Ratio: 4.82% Statement Savings Advanced Special at 2.00% APY, and Algonquin State BankAlgonquin State Bank2400 Huntington Dr N, Algonquin, IL 60102A+5.0 ★Texas Ratio: 0.83% IMMA at 1.00% APY.
Algonquin has 37 local institutions in our database, with savings rates as high as 5.00% APY from Michigan State University Federal Credit Union at 2400 Huntington Dr N, Algonquin, IL 60102. 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.
Savings rates reflect recent market quotes and representative offers available to depositors in Algonquin, Illinois and the surrounding area. Last Updated and Verified: April 9, 2026
Compare the Best Savings Rates in Algonquin, Illinois & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Savings Builder - Tier 1
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Savings Builder
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Additional entry in the Your Refund, Plus Some drawing for $1,000.
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Savings Builder - Tier 2
3.62%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.60%
103 S Randall Rd, Algonquin, IL 60102
High-Yield Savings
3.55%
$5,000
▼
Rate0.00%
Min Deposit$5,000
Min Balance—
UpdatedMar 27, 2026
Details
Minimum of $5,000 not currently deposited at Huntington.
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 7
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 8
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 9
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 8
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
791 S Randall Rd, Algonquin, IL 60102
PNC High Yield Savings®
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 9
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 7
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 8
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 9
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 7
3.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.60%
103 S Randall Rd, Algonquin, IL 60102
High-Yield Savings
2.98%
$5,000
▼
Rate0.00%
Min Deposit$5,000
Min Balance—
UpdatedMar 27, 2026
Details
Minimum of $5,000 not currently deposited at Huntington.
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 6
2.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 5
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 5
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Crystal Lake Bank and Trust Co., N.A
Institution Rating:
A+5.0 ★Texas Ratio: 4.82%
4049 W Algonquin Rd, Algonquin, IL 60102
Statement Savings Advanced Special
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
With qualifying activities.
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 5
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 6
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 6
2.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 4
1.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 4
1.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 4
1.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 3
1.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 3
1.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 3
1.25%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 1
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
Business IMMA - Tier 2
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 2
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA - Tier 1
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
Algonquin State Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.83%
2400 Huntington Dr N, Algonquin, IL 60102
IMMA
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 3, 2026
Details
Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.68%
2400 Huntington Dr N, Algonquin, IL 60102
IRA-HSA IMMA - Tier 1
1.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 5, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
791 S Randall Rd, Algonquin, IL 60102
Standard Savings
0.03%
$0
▼
Rate0.03%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
791 S Randall Rd, Algonquin, IL 60102
Standard Savings
0.02%
$0
▼
Rate0.02%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Fidelity Bank & Trust (IA)
Institution Rating:
A+5.0 ★Texas Ratio: 1.72%
Snap $tack Savings
5.12%
$1,000
▼
Rate5.00%
Min Deposit$1,000
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $5,000.00
First Bank Creve Coeur, MO
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
Kids Cash Savings
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 3, 2026
Details
Qualifying balance up to $500.00
Rate3.75%
Min Deposit$50
Min Balance—
UpdatedApr 3, 2026
Details
Rate3.75%
Min Deposit$50
Min Balance—
UpdatedApr 3, 2026
Details
Rate3.75%
Min Deposit$50
Min Balance—
UpdatedApr 3, 2026
Details
Royal Business Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.64%
New Year Flexible Savings Account
3.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Terms and Conditions apply.
First Security Bank Mackinaw, IL
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
Health Savings Accounts
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Bank First, NA
Institution Rating:
A+5.0 ★Texas Ratio: 0.91%
Investment Savings
3.35%
$50,000
▼
Rate3.31%
Min Deposit$50,000
Min Balance—
UpdatedApr 2, 2026
Details
$250,000.00 - $499,999.99
FTSB of Watseka, IL
Institution Rating:
A+5.0 ★Texas Ratio: 0.33%
Health Savings Account
3.25%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedApr 3, 2026
Details
INB National Association
Institution Rating:
A+5.0 ★Texas Ratio: 2.04%
Structured Savings IRA
3.02%
$0
▼
Rate3.02%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Daily Balances Of $5,000-$100,000
Bank First, NA
Institution Rating:
A+5.0 ★Texas Ratio: 0.91%
Investment Savings
3.00%
$50,000
▼
Rate2.97%
Min Deposit$50,000
Min Balance—
UpdatedApr 2, 2026
Details
$150,000.00 - $249,999.99
Lisle Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.86%
High Interest Savings
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 4, 2026
Details
Farmers State Bank Elmwood, IL
Institution Rating:
F1.0 ★Texas Ratio: 195.74%
Vacation Club Savings
2.95%
$25
▼
Rate2.95%
Min Deposit$25
Min Balance—
UpdatedApr 3, 2026
Details
Fidelity Bank & Trust (IA)
Institution Rating:
A+5.0 ★Texas Ratio: 1.72%
IRA Preferred Rate Savings
2.78%
$50,000
▼
Rate2.75%
Min Deposit$50,000
Min Balance—
UpdatedMar 25, 2026
Details
First Bank Creve Coeur, MO
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
Icon High-Yield Savings
2.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedApr 3, 2026
Details
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 27, 2026
Details
Farmers State Bank Elmwood, IL
Institution Rating:
F1.0 ★Texas Ratio: 195.74%
Christmas Club Savings
2.70%
$25
▼
Rate2.70%
Min Deposit$25
Min Balance—
UpdatedApr 3, 2026
Details
FNB of Okawville
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
IRA Savings Deposit Acct.
2.68%
$0
▼
Rate2.65%
Min Deposit$0
Min Balance—
UpdatedApr 3, 2026
Details
$50 Minimum (effective 3/01/2025)
FNB of Okawville
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
Savings Deposit Acct.
2.68%
$0
▼
Rate2.65%
Min Deposit$0
Min Balance—
UpdatedApr 3, 2026
Details
$50 Minimum (effective 3/01/2025)
Rate0.00%
Min Deposit$1,000
Min Balance—
UpdatedMar 25, 2026
Details
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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.
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.
Algonquin, IL Savings Rate Trends
Compare local Algonquin, IL savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — IL Avg
2.878%
▲ 0.879 vs 7 days ago
Illinois high-yield savings rates rose 0.879 points over the past 7 days to 2.878% APY, up from 1.999%.
Standard Savings — IL Avg
0.511%
▲ 0.029 vs 7 days ago
Illinois standard savings rates rose 0.029 points over the past 7 days to 0.511% APY, up from 0.482%.
As of Apr 11, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Algonquin, 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 savings 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 Algonquin, Illinois. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in IL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Algonquin, Illinois
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Illinois, help your money grow faster through a higher APY.
Are savings accounts in Algonquin, 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 savings rates change in Algonquin, Illinois?
Savings 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.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Algonquin, Illinois may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Algonquin, Illinois?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Algonquin, Illinois offer in-person customer service, which some customers prefer.
How do I open a savings account in Algonquin, Illinois?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Algonquin, Illinois
Here are recent savings rates observed in Algonquin, Illinois and the surrounding area:
- Michigan State University Federal Credit Union
Savings Builder - Tier 1 — 5.00% APY - The Huntington National Bank
High-Yield Savings — 3.55% APY - PNC Bank
PNC High Yield Savings® — 3.25% APY - Crystal Lake Bank and Trust Co., N.A
Statement Savings Advanced Special — 2.00% APY - Algonquin State Bank
IMMA — 1.00% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Algonquin, Illinois. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: April 9, 2026
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