Peoria, Illinois Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Peoria, Illinois savings account rates range from 0.05% to 5.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Peoria, Illinois and the surrounding area include INB National AssociationINB National Association7535 N Knoxville Ave, Peoria, IL 61614A5.0 ★Texas Ratio: 9.74%Real return: +1.05%APY minus 2.8% CPI (February 2026) Structured Savings IRA at 3.85% APY, Busey BankBusey Bank8919 N Knoxville Ave, Peoria, IL 61615A+5.0 ★Texas Ratio: 2.31%Real return: +0.45%APY minus 2.8% CPI (February 2026) Premium Savings Account at 3.25% APY, Cooperative Choice Network Credit UnionCooperative Choice Network Credit Union3919 N University St, Peoria, IL 61614 6938A+5.0 ★Texas Ratio: 1.48%Real return: -1.74%APY minus 2.8% CPI (February 2026) Share Savings at 1.06% APY, PSB Princeville State BankPSB Princeville State Bank4924 W American Prairie Dr, Peoria, IL 61615C3.9 ★Texas Ratio: 28.24%Real return: -1.79%APY minus 2.8% CPI (February 2026) Forward Savings Account at 1.01% APY, and Better BanksBetter Banks10225 N Knoxville Ave, Peoria, IL 61615A-5.0 ★Texas Ratio: 14.33%Real return: -1.80%APY minus 2.8% CPI (February 2026) Health Savings Account at 1.00% APY.
Peoria has 44 local institutions in our database, with savings rates as high as 3.85% APY from INB National Association at 7535 N Knoxville Ave, Peoria, IL 61614. 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 Peoria, Illinois and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Peoria, Illinois & Surrounding Communities
Balance: Daily Balances Of$5,000-$100,000
Balance: Daily Balances Ofup to $4,999.99
Balance: $5MM and over
Balance: $25,000 - $99,999.99
Balance: Over $10,000
- Oct 13, 20261.06%▲ from 0.95%
- Sep 18, 20260.95%first recorded
Qualifications Required: Have at least 10 debit card purchases post and settle; Have at least 1 automatic payment or direct deposit post and settle; Agree to receive and are able to review electronic statements; 0.05% APY* if qualifications aren't met. Build savings automatically. No minimum balance required to earn rewards. No monthly service fee. Free online banking with bill pay. Free e-Statements. Direct deposit available. FDIC insured.
Balance: $1,000.01 - $10,000
- Oct 13, 20261.01%▲ from 0.95%
- Sep 18, 20260.95%first recorded
Balance: Daily Balances of$250,000.00 and up
Interest compounded monthly; Funds carry over at end of year; Transferable to another job; Debit card included; Free Digital Banking with Bill Pay and Mobile Deposit; Free eStatements; Access to telephone banking 877.366.7733; High deductible plan required
Balance: $5 - $1,000; Dividend Rate: 0.95%
Balance: Daily Balances of$50,000.00-$249,999.99
Balance: $2,500.01 - $5,000
Balance: Daily Balances of$10,000.00-$49,999.99
Balance: $250,000 or more
Balance: Daily Balances Of$250,000.00 and up
Balance: Daily Balances of$250,000.00 and up
Balance: Daily Balances Of$10,000.00-$49,999.99
Balance: Daily Balances Of$5,000.00 and up
Balance: Daily Balances of$50,000.00-$249,999.99
Balance: Daily Balances of$1,000.00-$9,999.99
(a,b)
Balance: $10,000.00 or more
Over $10,000; Transaction Limits: Limited
Balance: $100,000 - $249,999.99
Balance: $20,000.00 and Above
Transaction Limits: Limited
- Oct 2, 20260.30%▲ from 0.05%
- Sep 27, 20260.05%▼ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: Daily Balances of$10,000.00-$49,999.99
(a,b)
Balance: $5.00 - $19,999.99
Balance: less than $10,000
Under $10,000; Transaction Limits: Limited
Balance: Daily Balances Ofup to $999.99
Balance: Daily Balances Ofup to $4,999.99
Balance: Daily Balances ofup to $999.99
Balance: Daily Balances ofup to $999.99
Balance: $25,000 - $99,999.99
Balance: $25,000 or more
Balance: $0 - $24,999.99
Transaction Limits: Limited
- Oct 2, 20260.05%▼ from 0.25%
- Sep 27, 20260.25%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Balance: $0 or more
Balance: $0+
Balance: $0 - $999.99; Blended rate account, qualifying balance up to $999.99; Valid thru 10/31/2026
Balance: $100.00 - $5,000.99 earns APY 5.00%; Balances $5,001.00 and above earn APY 0.20%; Requires open checking account under same membership number; Must be 22 or older; One per Social Security or Taxpayer Identification Number; Minimum Balance/Average Daily Balance: $5/$100
Balance: $0 - $5,001; APY*: 4.40%
Balance: $1,000,000+; APY*: 4.25%
Balance: $5,002 - $14,999; APY*: 4.00%
Qualifications Required; Qualifying balance up to $25,000; requires direct deposit(s) of at least $500.00 per month to a Freedom Direct, Justice National, Beyond the Badge or Student checking account; No minimum balance requirement
- Oct 12, 20264.00%▲ from 0.10%
- Oct 4, 20260.10%first recorded
Qualifications Required: Must meet average daily balance requirements ($5 increase over previous month's balance, excluding dividends) and eStatements at a valid email address to earn qualifying rate; Rates valid as of 01/01/2026. Rates are variable and are subject to change after the account is opened. If stated, the account requires a minimum balance to earn the listed APY. Fees may reduce earnings on the account. Other conditions may apply. Please refer to IHMVCU's terms of use and account opening policies for important information and disclosures. Must meet average daily balance requirements ($5 increase over previous month's balance, excluding dividends) and eStatements at a valid email address to earn qualifying rate.
Qualifications Required: 1 direct deposit, ACH payment, or bill pay transaction; 12 debit card purchases; Be enrolled in and agree to receive e-statements; Balance: up to and including $20,000; Rate on portion over $20,000: 0.2497% resulting in a range from 4.00% to .88% APY
- Oct 10, 20264.00%▲ from 2.00%
- Sep 14, 20262.00%first recorded
Balance: $250,000 - $999,999; APY*: 3.75%
Published APY range: 3.62% to 5.00%. Balance: $1,000 - $1,999.99; Blended rate account (each tier rate applies only to its balance band); Valid thru 10/31/2026
Valid Thru: 10/18/2026
Student Savings Accounts; Rates valid on the first $5,000 in the savings; balances over $5,000 earn 0.500% APY; Dividend paid monthly on the average daily balance; Rate may change after the account is opened
Student Savings Accounts; Rates valid on the first $5,000 in the savings; balances over $5,000 earn 0.500% APY; Dividend paid monthly on the average daily balance; Rate may change after the account is opened
Balance: $100,000 - $249,999; APY*: 3.50%
Valid Thru: 10/18/2026
Valid Thru: 10/18/2026
Balance $100,000+
Minimum initial deposit $1,000 for Traditional and Roth IRA Certificates; $500 for Educational IRA Certificates
- Oct 8, 20263.30%▲ from 3.05%
- Sep 16, 20263.05%first recorded
Early withdrawal penalty: 180 day dividend
Balance: $100+
Balance: $5 - $1,000; Dividends and APY accurate as of the last dividend declaration date; $5 penalty per withdrawal (waived if funds transferred to IRA); not a retirement account
Balance: $5,000+; Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Fees may reduce earnings on the account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying tran
- Oct 10, 20263.25%▲ from 0.30%
- Sep 14, 20260.30%first recorded
Balance $100+
Start a savings plan (at least $300/month over an 18-month period); Get up to a 100% match on your interest earned ($1,500 max)
Balance $100-$99,999.99
With an average daily balance of $100 or more. APY= Annual Percentage Yield.
Teach kids 12 and younger about money-easy way to open savings account for a grandchild.
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.
Peoria, IL Savings Rate Trends
Compare local Peoria, 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 rose 0.038 points over the past 7 days to 1.919% APY, up from 1.881%.
Illinois standard savings rates fell 0.002 points over the past 7 days to 0.291% APY, down from 0.293%.
Peoria, 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 1.919% 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 Peoria, Illinois.
Savings Account Earnings in Peoria, 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 (1.919% APY) | Monthly Earnings | Standard Savings (0.291% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $95.97 / year | $8.00 | $14.55 / year | $1.21 |
| $10,000 | $191.93 / year | $15.99 | $29.10 / year | $2.43 |
| $25,000 | $479.83 / year | $39.99 | $72.75 / year | $6.06 |
| $50,000 | $959.65 / year | $79.97 | $145.50 / year | $12.13 |
| 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: Peoria, Illinois savings rate averages as of October 14, 2026. | ||||
About Our Peoria, Illinois Savings Rate Database
MonitorBankRates found 10 institutions with branches in Peoria (8 banks, 2 credit unions), plus 14 additional state-chartered and national online institutions available to Peoria 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: INB National Association offers a savings account at 3.85% APY. Use the rate table above to compare all current offers in Peoria, Illinois.
How to Find the Best Savings Rates in Peoria, Illinois
What to compare when shopping for a savings account in Peoria, Illinois
To find the best savings APYs in Peoria, Illinois, start with credit unions and online-only banks: Peoria, Illinois has 16 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 1.919% but top local institutions are offering as high as 3.85%, 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. Peoria, Illinois high-yield savings rates currently average 1.919% 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 Peoria, Illinois institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 24 institutions in Peoria, Illinois report savings rates to our database.
- 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 Peoria, Illinois CD rates
- You want check-writing flexibility Peoria, Illinois money market rates
- You need daily transaction access Peoria, Illinois checking rates
Peoria, Illinois Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
16.8% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 7.5% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s IL high-yield savings average of 1.919%, saving 10% of the local median salary ($3,895/year) would earn an additional $75 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Peoria, Illinois Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Peoria, Illinois.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current IL Avg APY | 1.919% | 0.291% | 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 Peoria, Illinois averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Peoria, Illinois
At IL’s top rate of 3.85% from INB National Association, a $10,000 deposit earns $385 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Peoria, Illinois earner is roughly $9,700. At 1.919% APY, saving $810/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 1.919% 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 Peoria, Illinois earner makes $38,953/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.919% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.919% APY grows to roughly $36,565 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 Peoria, 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 Peoria, 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 Peoria, 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 Peoria, Illinois
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Peoria, Illinois safe?
How often do savings rates change in Peoria, 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 Peoria, Illinois?
How do I open a savings account in Peoria, Illinois?
Best Savings Rates in Peoria, Illinois
- INB National Association
Structured Savings IRA: 3.85% APY - Busey Bank
Premium Savings Account: 3.25% APY - Cooperative Choice Network Credit Union
Share Savings: 1.06% APY - PSB Princeville State Bank
Forward Savings Account: 1.01% APY - Better Banks
Health Savings Account: 1.00% APY
Peoria, Illinois Rates & Resources
