The best savings rates for Elgin, Illinois and the surrounding area include Corporate America Family Credit UnionCorporate America Family Credit Union2075 Big Timber Rd, Elgin, IL 60123 1140A+5.0 ★Texas Ratio: 3.64% Business Prosperity Savings at 3.75% APY, PNC BankPNC Bank1695 Larkin Ave, Elgin, IL 60123A5.0 ★Texas Ratio: 6.83% PNC High Yield SavingsĀ® at 3.25% APY, The Huntington National BankThe Huntington National Bank1660 Larkin Ave, Elgin, IL 60123A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 2.98% APY, St. Charles Bank & Trust CompanySt. Charles Bank & Trust Company1001 S Randall Rd, Elgin, IL 60123A+5.0 ★Texas Ratio: 3.69% Statement Savings Advanced Special at 2.00% APY, and Consumers Credit UnionConsumers Credit Union111 S HAWTHORNE ST, ELGIN, IL 60123A5.0 ★Texas Ratio: 7.16% Liquid Savings Account at 0.50% APY.
To see how these savings rates in Elgin, Illinois, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Elgin, Illinois (IL) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Elgin, Illinois and the surrounding area. Last Updated and Verified: March 20, 2026
Compare local Elgin, IL savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Illinois high-yield savings rates currently average 2.524% APY based on data from institutions in our monitoring network.
Illinois standard savings rates rose 0.143 points this week to 0.593% APY, up from 0.450% last week.
Intro rate subject to change
Minimum of $5,000 not currently deposited at Huntington.
Qualifications Required: Open new Statement Savings Advanced account; mention offer during in-branch account opening or visit URL provided; deposit new money (money not currently held at any Wintrust Financial Corporation location) into the new Statement Savings Advanced account at account opening; Offer subject to change at any time & without notice. APY not available at all locations. Offer available to existing or closed savings account customers of Wintrust Financial Corporation & its subsidiaries or employees. Offer combinable with any Wintrust Financial Corporation checking offer, but not with a Statement Savings deposit bonus offer. May not be available at all locations.
Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
when you add Direct Deposit to a new or existing Justice Federal Checking Account.
Terms and Conditions apply.
$250,000.00 - $499,999.99
$2,500 minimum to open; $0.01 minimum to earn APY; APY is paid on entire balance in accounts
Daily Balances Of $5,000-$100,000
$150,000.00 - $249,999.99
$50 Minimum (effective 3/01/2025)
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Elgin, 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 Elgin, 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.