Quincy, Illinois Savings Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Quincy, Illinois and the surrounding area include SSB State Street BankSSB State Street Bank801 State St, Quincy, IL 62301A+5.0 ★Texas Ratio: 1.91%Real return: -0.80%APY minus 2.8% CPI (February 2026) Health Savings Account at 2.00% APY, HomeBankHomeBank1132 Broadway St, Quincy, IL 62301A+5.0 ★Texas Ratio: 0.58%Real return: -1.64%APY minus 2.8% CPI (February 2026) TIME OPEN SAVINGS at 1.16% APY, United Community Credit UnionUnited Community Credit Union1001 Vermont St, Quincy, IL 62301A+5.0 ★Texas Ratio: 1.81%Real return: -1.64%APY minus 2.8% CPI (February 2026) IRA TRADITIONAL & ROTH IRA SHARES at 1.16% APY, Liberty Bank Liberty, ILLiberty Bank Liberty, IL4134 Broadway St, Quincy, IL 62305A+5.0 ★Texas Ratio: 0.05%Real return: -2.20%APY minus 2.8% CPI (February 2026) Health savings Account at 0.60% APY, and Heartland Bank and Trust CompanyHeartland Bank and Trust Company3215 Maine St, Quincy, IL 62301A+5.0 ★Texas Ratio: 1.53%Real return: -2.30%APY minus 2.8% CPI (February 2026) Simply Savings at 0.50% APY.
Quincy has 40 local institutions in our database, with savings rates as high as 2.00% APY from SSB State Street Bank at 801 State St, Quincy, IL 62301. 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 Quincy, Illinois and the surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Savings Rates in Quincy, Illinois & Surrounding Communities
Interest is variable and may change after account is opened. Annual Percentage Yield (APY) accurate as of June 1, 2026.
Rates subject to change without notice 7/16/2025.
Rates subject to change without notice 7/16/2025.
Rates subject to change without notice 7/16/2025.
Rates subject to change without notice 7/16/2025.
Rates subject to change without notice 7/16/2025.
Rates subject to change without notice 7/16/2025.
Tiered Rates
Tiered Rates
Tiered Rates
Tiered Rates
Balance tier: $0 - $5,000.00*
Qualifications Required: Must have Snap $tack Savings for Cash Back Activity Credits $1,000.00 minimum average balance in Snap $tack Checking; Must have Online or Mobile Banking with e-Statements enrollment; One (1) signature or PIN based debit card transactions during qualification period; Two (2) auto transfers (ACH or Direct Deposit) required during qualification period; SNAP STACK CHECKING eligibility requirements per qualification period to receive APY of 5.12% on the first $5,000 in SNAP STACK SAVINGS. If requirements are met each qualification period, balances up to $5,000.00 receive APY of 5.12%; the portion of balances over $5,000.00 earn an interest rate of 0.05%, resulting in 5.12% - 0.05% APY, depending on the balance. Qualifying transactions must post to and settle during the qualification period. The qualification period begins on the 27th of the month and runs thru the close of business on the 26th of the following month. Transactions may take one or more banking days from the date the transaction was made to post and settle. If the qualification beginning date falls on a weekend or a Federal Holiday, the period will begin on the next business day start of business. If the period ending date falls on a weekend or Federal holiday, the qualification period will end the prior business day close of business.
For the Accelerate It Savings account, the dividend rate and annual percentage yield are subject to change without notice after account opening. APY dividend of 5.00% is earned on balances $100.00 to $5,000.99. Balances $5,001.00 and above will receive APY of 0.20%. One Accelerate It Savings per Social Security or Taxpayer Identification Number. For Accelerate It Savings accounts, you must have an open checking account located under the same membership number as the Accelerate It Savings account. If your checking account is closed for any reason, your Accelerate It Savings account will convert to a Regular Savings account. You must be 22 years or older to open an Accelerate It Savings account. Rate offers accurate as of 06/01/2025. APY is accurate as of the last dividend declaration date. Other rates and terms available. Fees may reduce earnings on the account. Membership eligibility required.
Tiered account; rate applies to entire balance. Federally insured by NCUA.
Introductory promo for new customers. Introductory Interest Rate is determined by adding 0.67% to the variable interest rate paid on the Valley Direct High Yield Savings account (the "Standard Interest Rate"). Introductory Interest Rate, Standard Interest Rate and APY are variable and may change after the account is opened.
Qualifications Required: qualifications**; Earn up to 4.00% APY* - plus perks - on balances up to and including $50,000 when qualifications** are met. Offer may be withdrawn at any time.
Qualifications Required: Direct deposit(s) of at least $500.00 to a Freedom Direct, Justice National, Beyond the Badge or Student checking account during a month; Freedom Direct Savings will earn 4.00% APY on balances up to $25,000 if 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 will earn 0.150% APY and all balances in a month when qualifications are not met will earn the standard Share Savings APY starting at 0.100%. One Freedom Direct Savings per Justice Federal membership. Justice Federal reserves the right to withdraw this offer at any time.
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.
Tiered account; rate applies to entire balance. Federally insured by NCUA.
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.
Quincy, IL Savings Rate Trends
Compare local Quincy, 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 0.056 points over the past 7 days to 1.885% APY, down from 1.941%.
Illinois standard savings rates fell 0.196 points over the past 7 days to 0.825% APY, down from 1.021%.
Quincy, 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 2026–2027.
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 1.885% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; savings institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 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 Quincy, Illinois.
Savings Account Earnings in Quincy, 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 (1.885% APY) | Monthly Earnings | Standard Savings (0.825% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $94.26 / year | $7.86 | $41.23 / year | $3.44 |
| $10,000 | $188.53 / year | $15.71 | $82.46 / year | $6.87 |
| $25,000 | $471.32 / year | $39.28 | $206.15 / year | $17.18 |
| $50,000 | $942.65 / year | $78.55 | $412.30 / year | $34.36 |
| 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: Quincy, Illinois savings rate averages as of August 29, 2026. | ||||
About Our Quincy, Illinois Savings Rate Database
MonitorBankRates found 6 institutions with branches in Quincy (5 banks, 1 credit union), plus 10 additional state-chartered and national online institutions available to Quincy 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 (1–5), 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: SSB State Street Bank offers a savings account at 2.00% APY with a minimum deposit of $100. Use the rate table above to compare all current offers in Quincy, Illinois.
How to Find the Best Savings Rates in Quincy, Illinois
What to compare when shopping for a savings account in Quincy, Illinois
To find the best savings APYs in Quincy, Illinois, start with credit unions and online-only banks — Quincy, Illinois has 7 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 1.885% — but top local institutions are offering as high as 2.00%, 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 3–6 months of expenses in a liquid, FDIC-insured account. Quincy, Illinois high-yield savings rates currently average 1.885% APY — far above a typical checking account.
- Short-term savings goals (6–24 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 Quincy, Illinois institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 16 institutions in Quincy, Illinois report savings rates to our database.
- You’re among Quincy, Illinois’s 20.3% 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 → Quincy, Illinois CD rates
- You want check-writing flexibility → Quincy, Illinois money market rates
- You need daily transaction access → Quincy, Illinois checking rates
Quincy, Illinois Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
20.3% 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 1.885%, saving 10% of the local median salary ($3,872/year) would earn an additional $73 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Quincy, Illinois Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Quincy, Illinois.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current IL Avg APY | 1.885% | 0.825% | 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 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Quincy, Illinois averages tracked in our database as of August 29, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Quincy, Illinois
At IL’s top rate of 2.00% from SSB State Street Bank, a $10,000 deposit earns $200 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Quincy, Illinois earner is roughly $9,700. At 1.885% 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 1.885% 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 Quincy, Illinois earner makes $38,724/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 1.885% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.885% APY grows to roughly $36,322 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 Quincy, 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 Quincy, 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 Quincy, 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 Quincy, Illinois
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Quincy, Illinois safe?
How often do savings rates change in Quincy, 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 Quincy, Illinois?
How do I open a savings account in Quincy, Illinois?
Best Savings Rates in Quincy, Illinois
- SSB State Street Bank
Health Savings Account — 2.00% APY - HomeBank
TIME OPEN SAVINGS — 1.16% APY - United Community Credit Union
IRA TRADITIONAL & ROTH IRA SHARES — 1.16% APY - Liberty Bank Liberty, IL
Health savings Account — 0.60% APY - Heartland Bank and Trust Company
Simply Savings — 0.50% APY
Quincy, Illinois Rates & Resources
