Orland Park, Illinois Savings Rates for October 2026
Brian McKay
Brian McKay
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Orland Park, Illinois savings account rates range from 0.01% to 5.12% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Orland Park, Illinois and the surrounding area include CitiCiti18 Orland Square Dr, Orland Park, IL 60462A+5.0 ★Texas Ratio: 2.82%Real return: +0.65%APY minus 3.7% CPIRate verified Oct 31, 2026 Savings account Premium Boost at 4.35% APY, The Huntington National BankThe Huntington National Bank14701 S La Grange Rd, Orland Park, IL 60462A+5.0 ★Texas Ratio: 3.66%Real return: -0.45%APY minus 3.7% CPIRate verified Oct 31, 2026 Relationship Savings Account - With Huntington Perks Checking at 3.25% APY, First Secure Bank and Trust Co.First Secure Bank and Trust Co.11901 W 143rd St, Orland Park, IL 60467F2.3 ★Texas Ratio: 47.03%Real return: -1.66%APY minus 3.7% CPIRate verified Oct 31, 2026 Business Monsters Savings at 2.04% APY, Old Plank Trail Community BankOld Plank Trail Community Bank15330 S La Grange Rd, Orland Park, IL 60462A+5.0 ★Texas Ratio: 2.48%Real return: -1.70%APY minus 3.7% CPIRate verified Oct 31, 2026 Statement Savings Advanced Special at 2.00% APY, and Providence Bank & TrustProvidence Bank & Trust16250 S La Grange Rd, Orland Park, IL 60467A+5.0 ★Texas Ratio: 0.85%Real return: -1.70%APY minus 3.7% CPIRate verified Oct 31, 2026 Achieve More Savings at 2.00% APY.
Orland Park has 55 local institutions in our database, with savings rates as high as 4.35% APY from Citi at 18 Orland Square Dr, Orland Park, IL 60462. Use the table below to compare all available offers, including options from institutions serving the broader Illinois area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Orland Park, Illinois and the surrounding area. Last Updated and Verified: October 31, 2026
Compare the Best Savings Rates in Orland Park, Illinois & Surrounding Communities
Citigold Private Client Relationship Tier (Combined Average Monthly Balance of $1,000,000+); Balance: All balance ranges
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Platinum Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $5,000.00 - $2,000,000.99; APY range 2.40%-4.00% and rate range 2.38%-3.94% based on zip code; variable rate, subject to change; minimum $5,000 new money not currently deposited at Huntington; Relationship Savings Account; $10 monthly fee if average daily balance below $2,500 and no qualifying checking account
Balance: $0.01 - $1,000,000.00; Compounding: Quarterly
Balance: $0.01 - $1,000,000; Compounding: Quarterly
With qualifying activities; Variable rate; No minimum to open; $200 daily balance to avoid a $5 monthly maintenance fee; New money only; Minimum daily balance of $0.01 required to obtain APY
Balance: $150,000.00 and over; Account Service Fee $5.00 monthly, waived with minimum balance of $200.00 per month; Six complimentary withdrawals per month; Individuals only
- Oct 14, 20262.00%▲ from 1.65%
- Sep 18, 20261.65%first recorded
Qualifications Required; Balance: $0.00 - $100,000.00; Daily balances over $100,000 earn a 0.4989% dividend rate (range 2.00% to 1.25% APY); Requires linked Kasasa checking account qualifications
Balance: $100,000 & Over
Qualifications Required; Balance: $0 - $100,000
- Oct 23, 20261.50%▲ from 1.30%
- Sep 20, 20261.30%first recorded
Balance: $50,000 - $99,999.99
Balance: $1,000,000.01 and over; Compounding: Quarterly
Balance: $1,000,000.01 & Above; Compounding: Quarterly
Balance: $25,000 - $49,999.99
Balance: $25,000.00 - $149,999.99; Account Service Fee $5.00 monthly, waived with minimum balance of $200.00 per month; Six complimentary withdrawals per month; Individuals only
Balance: $50,000 & Over
Balance: $10,000 - $24,999.99
Rates effective as of 9/01/2026
Balance: $25,000 - $49,999.99
Balance: $750,000.00 - $999,999.99
Balance: $0.00 - $24,999.99; Account Service Fee $5.00 monthly, waived with minimum balance of $200.00 per month; Six complimentary withdrawals per month; Individuals only
Rates Effective: 10.30.26
Rates Effective: 10.30.26
Rates Effective: 10.30.26
Balance: $250,000.00 - $499,999.99
Balance: $0.01 and over; Compounding: Quarterly
Compounding: Quarterly
Compounding: Quarterly
Balance: $10,000 - $24,999.99
Balance: $100,000.00 - $249,999.99
Balance: $10,000.00 - $49,999.99
Balance: $25 - $999.99
Everyday Benefits (Combined Average Monthly Balance $0 - $29,999.99); Balance: All balance ranges; Standard APY and Standard Interest Rate
Balance: $0.00 - $9,999.99
Balance: $2,500
Balance: $2,500+
Balance: All balances if qualifications not met
- Oct 23, 20260.05%▼ from 1.30%
- Sep 20, 20261.30%first recorded
Required daily balance to open and earn stated APY; Interest Rate as of 10/16/26
Non-qualifying rate for Kasasa Saver Account
Non-Qualifying; no minimum deposit required to open
Balance: $0.01 to $4,999.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $0.01 to $4,999.99; Requires open Huntington Platinum Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $1.00 - $499.99
Balance: $0.00 - $4,999.99; earns 0.01% APY
Balance: $0.01 to $4,999.99; Non-Relationship Rate; Minimum balance to earn interest is $0.01 and must be new money to Huntington; Rates effective as of Monday, October 19, 2026
Balance: Less than $2,500
Balance: $2,500 to less than $25,000
Balance: 0 - $15,000; Qualifications required; Limit of one Kasasa Saver Account per taxpayer identification number
- Oct 26, 20260.05%▼ from 0.05%
- Oct 19, 20260.05%▼ from 0.05%
- Sep 28, 20260.05%▼ from 0.05%
- Sep 26, 20260.05%▼ from 0.05%
Balance: $0.01 - $24.99
Balance: $0.01 - $9,999.99
Qualifications Required; Balance: $0 - $5,000.00; Qualifying balance up to $5,000.00
Qualifying balance up to $999.99; Blended tier account, Tier 1 rate on $0 - $999.99; Valid thru 10/31/2026
Balance: $100.00 - $5,000.99; APY dividend of 5.00% earned on balances $100.00 to $5,000.99; balances $5,001.00 and above earn 0.20% APY; requires open checking account under the same membership number; must be 22 years or older; one per Social Security or Taxpayer Identification Number; rates subject to change without notice after account opening
Balance: $0 - $5,001; New members only; Online Only; Tiered account
Balance: $1,000,000+; Tiered account
Dividends compounded daily; Share rates subject to monthly change
Dividends compounded daily; Share rates subject to monthly change
Dividends compounded daily; Share rates subject to monthly change
For minors up to age 18; no minimum balance; annual deposits limited to $3,500.00
Balance: $5,002 - $14,999; Tiered account
Qualifications Required; Balance: $0.00 - $25,000.00; Balance up to $25,000.00 earns 4.00% APY when the accountholder has direct deposit(s) of at least $500.00 to a Freedom Direct, Justice National, Beyond the Badge or Student checking account during a month; balances over $25,000 earn 0.150% APY and balances in months when qualifications are not met earn the standard Share Savings APY starting at 0.100% (not extracted as separate rows)
Qualifications Required; Balance: $100,000.01+; Qualifying rate for balances over $100,000.01
Effective Date: October 1, 2026
- Oct 22, 20263.98%▲ from 3.72%
- Sep 14, 20263.72%first recorded
Balance: $250,000 - $999,999; Tiered account
Early withdrawal penalties apply; Business accounts must be opened by Alero Financial staff
Balance: $1,000 - $1,999.99; APY range: 3.62% to 5.00%; Blended rate account, Limit one Savings Builder account per account; Valid thru: 10/31/2026
Balance: $1,000,000.00 and over; Valid thru 11/01/2026
Student Savings Accounts; Rates valid on the first $5,000 in savings; balances over $5,000 earn 0.500% APY; Dividend paid monthly on the average daily balance
Student Savings Accounts; Rates valid on the first $5,000 in savings; balances over $5,000 earn 0.500% APY; Dividend paid monthly on the average daily balance
Balance: $100,000 - $249,999; Tiered account
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.
Orland Park, IL Savings Rate Trends
Compare local Orland Park, 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.
Illinois high-yield savings rates fell 0.084 points over the past 7 days to 1.981% APY, down from 2.065%.
Illinois standard savings rates currently average 0.296% APY based on data from institutions in our monitoring network.
Orland Park, Illinois Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current IL high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current IL high-yield savings average of 1.981% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Orland Park, Illinois.
Savings Account Earnings in Orland Park, Illinois
Annual interest earnings at current IL average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.981% APY) | Monthly Earnings | Standard Savings (0.296% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $99.02 / year | $8.25 | $14.82 / year | $1.24 |
| $10,000 | $198.05 / year | $16.50 | $29.63 / year | $2.47 |
| $25,000 | $495.13 / year | $41.26 | $74.08 / year | $6.17 |
| $50,000 | $990.25 / year | $82.52 | $148.15 / year | $12.35 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Orland Park, Illinois savings rate averages as of October 31, 2026. | ||||
About Our Orland Park, Illinois Savings Rate Database
MonitorBankRates found 12 institutions with branches in Orland Park (9 banks, 3 credit unions), plus 11 additional state-chartered and national online institutions available to Orland Park residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Citi offers a savings account at 4.35% APY. Use the rate table above to compare all current offers in Orland Park, Illinois.
How to Find the Best Savings Rates in Orland Park, Illinois
What to compare when shopping for a savings account in Orland Park, Illinois
To find the best savings APYs in Orland Park, Illinois, start with credit unions and online-only banks: Orland Park, Illinois has 12 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current IL high-yield savings average is 1.981% but top local institutions are offering as high as 4.35%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Orland Park, Illinois high-yield savings rates currently average 1.981% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Orland Park, Illinois institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 23 institutions in Orland Park, Illinois report savings rates to our database.
- You’re among Orland Park, Illinois’s 24.8% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Orland Park, Illinois CD rates
- You want check-writing flexibility Orland Park, Illinois money market rates
- You need daily transaction access Orland Park, Illinois checking rates
Orland Park, Illinois Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
24.8% of residents are 65 or older, above the national average of 17.3%, making liquid, accessible savings accounts a particularly relevant option in this market. At today’s IL high-yield savings average of 1.981%, saving 10% of the local median salary ($5,591/year) would earn an additional $111 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Orland Park, Illinois Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Orland Park, Illinois.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current IL Avg APY | 1.981% | 0.296% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Orland Park, Illinois averages tracked in our database as of October 31, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Orland Park, Illinois
At IL’s top rate of 4.35% from Citi, a $10,000 deposit earns $435 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Orland Park, Illinois earner is roughly $14,000. At 1.981% APY, saving $1,160/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsIllinois’s high-yield savings average is 1.981% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Orland Park, Illinois earner makes $55,919/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.981% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.981% APY grows to roughly $37,007 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Orland Park, Illinois savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Orland Park, 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 Orland Park, 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 Orland Park, Illinois
What are savings account rates in Orland Park, Illinois today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Orland Park, Illinois safe?
How often do savings rates change in Orland Park, Illinois?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Orland Park, Illinois?
How do I open a savings account in Orland Park, Illinois?
Best Savings Rates in Orland Park, Illinois
- Citi
Savings account Premium Boost: 4.35% APY - The Huntington National Bank
Relationship Savings Account - With Huntington Perks Checking: 3.25% APY - First Secure Bank and Trust Co.
Business Monsters Savings: 2.04% APY - Old Plank Trail Community Bank
Statement Savings Advanced Special: 2.00% APY - Providence Bank & Trust
Achieve More Savings: 2.00% APY
Orland Park, Illinois Rates & Resources
