Taylorville, Illinois Savings Rates - October 2026
Brian McKay
Brian McKay
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Taylorville, Illinois savings account rates range from 0.05% to 5.12% APY, verified by MonitorBankRates as of October 23, 2026. The best savings rates for Taylorville, Illinois and the surrounding area include US BankUS Bank108 W Market St, Taylorville, IL 62568A+5.0 ★Texas Ratio: 2.85%Real return: -0.20%APY minus 3.7% CPIRate verified Oct 20, 2026 Bank Smartly Savings Account at 3.50% APY, First National Bank of PanaFirst National Bank of Pana600 W Spresser St, Taylorville, IL 62568A+5.0 ★Texas Ratio: 0.49%Real return: -3.35%APY minus 3.7% CPIRate verified Oct 22, 2026 Health Savings Account at 0.35% APY, FNB in TaylorvilleFNB in Taylorville322 W Main Cross St, Taylorville, IL 62568A+5.0 ★Texas Ratio: 0.00%Real return: -3.35%APY minus 3.7% CPIRate verified Oct 21, 2026 Savings at 0.35% APY, First Mid Bank & TrustFirst Mid Bank & Trust200 N Main St, Taylorville, IL 62568A+5.0 ★Texas Ratio: 3.88%Real return: -3.65%APY minus 3.7% CPIRate verified Oct 20, 2026 Business Savings Account at 0.05% APY, and Taylorville Community Credit UnionTaylorville Community Credit Union422 W Main Cross St, Taylorville, IL 62568 2156A+5.0 ★Texas Ratio: 4.82%Real return: -3.65%APY minus 3.7% CPIRate verified Oct 19, 2026 Regular Shares (Savings) at 0.05% APY.
Taylorville has 9 local institutions in our database, with savings rates as high as 3.50% APY from US Bank at 108 W Market St, Taylorville, IL 62568. 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 Taylorville, Illinois and the surrounding area. Last Updated and Verified: October 23, 2026
Compare the Best Savings Rates in Taylorville, Illinois & Surrounding Communities
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank Smartly Visa Signature Card and have a Combined Qualifying Balance (CQB) of at least $25,000; APYs may vary by location; Monthly maintenance fee $5, waivable
Savings Accounts; The interest rate and average percentage yield may change after account opening; Fees could reduce the earnings on the account
Savings Accounts; For customers under age of 19
Balance: $0 or more
Balance: $0 or more
Effective Date: October 1, 2026
Effective Date: October 1, 2026
Qualifications Required; Balance: $0 - $5,000.00; Qualifying balance up to $5,000.00
Balance: $0 - $999.99; Blended rate account, Tier 1 rate applies only to the first $999.99; Valid thru 10/31/2026
APY dividend of 5.00% earned on balances $100.00 to $5,000.99; balances $5,001.00 and above earn 0.20% APY; dividend rate and APY subject to change without notice after account opening; requires open checking account under same membership number; must be 22 or older; one per Social Security or Taxpayer Identification Number; converts to Regular Savings if checking account closes; Minimum Balance/Average Daily Balance: $5/$100
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
Introductory promo for new customers; 12-month introductory promotion; minimum daily balance of $0.01 required to obtain the advertised APY; Online Only
Qualifications Required; Balance: 0 to $50,000; Qualifying balance up to $50,000
- Oct 14, 20264.00%▲ from 0.05%
- Sep 9, 20260.05%first recorded
Balance: $.01 - $500.00; In-Branch Only
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 and over; Unlimited withdrawals; No monthly fee
Effective Date: October 1, 2026
- Oct 22, 20263.98%▲ from 3.72%
- Sep 14, 20263.72%first recorded
Balance: $5,000-$100,000; Daily Balances Of $5,000-$100,000
Balance: $0.01 and over
Balance: $0.01 and over
Balance: $0.01 and over; Must be titled as joint tenants with rights of survivorship. Primary account owner must be under the age of 18.
Balance: $0.01 and over earns advertised APY; no account fees; FDIC insured up to $250,000 per account owner; individual or joint account; funded by linking an existing checking or savings account; online opening only
Balance: $250,000 - $999,999; Tiered account
Early withdrawal penalties apply; Business accounts must be opened by Alero Financial staff
Published APY range: 3.62% to 5.00%. Balance: $1,000 - $1,999.99; Blended rate tier; Valid Thru: 10/31/2026
Valid Thru: 10/25/2026
Balance: $0.00 - $5,000.00; Dividend paid monthly on the average daily balance; Rates are valid on the first $5,000, anything over $5,000 earns 0.500% APY; Rate may change after the account is opened
Balance: $0.00 - $5,000.00; Dividend paid monthly on the average daily balance; Rates are valid on the first $5,000, anything over $5,000 earns 0.500% APY; Rate may change after the account is opened
Qualifications Required; Balance: $0.01 - $100,000.00; 2nd tier (balances $100,000.01 or greater) earns 0.10% with APY ranging from 3.50% to 1.87%; if Kasasa Cash qualifications are not met, rate and APY are 0.02%
Balance: $100,000 and above; $0.01 minimum to earn APY; APY is paid on entire balance in accounts
- Sep 24, 20263.50%▲ from 2.50%
- Sep 11, 20262.50%first recorded
Balance: $100,000 - $249,999; Tiered account
Valid Thru: 10/25/2026
Valid Thru: 10/25/2026
Balance: $5MM and over
- Oct 20, 20263.40%▲ from 3.25%
- Oct 14, 20263.25%first recorded
Balance: $250,000.00 - $499,999.99; Limited to three (3) debit transactions per quarterly statement cycle; personal Bank First checking with direct deposit required
Balance: $100,000+; Effective Date: 10/15/2026
Balance: up to $4,999.99; Daily Balances Of up to $4,999.99
- Oct 8, 20263.30%▲ from 3.05%
- Sep 16, 20263.05%first recorded
Balance: $25,000 or more; Rate for new savings customers only; requires $25,000 within 30 days; Bay Area CA counties only
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: $100+; $5 Membership Share account required; Tiered account
Balance: $5 - $1,000; Account closed if no deposit in any 90-day period; $5 penalty per withdrawal (waived if funds transferred to IRA); Not a retirement account
Compounding and crediting: Monthly; b. Rate only available for Health Savings Account contributions.
Balance: $25,000 +
Savings plan in partnership with Beyond for a down payment; start a savings plan of at least $300/month over an 18-month period; up to 100% match on interest earned ($1,500 max)
Balance: $100+; Effective Date: 10/15/2026
Balance: $100-$99,999.99; Effective Date: 10/15/2026
With an average daily balance of $100 or more; Dividend Rate 2.97%
APY as of 10-01-2025; no monthly fees or minimum balance requirements
Balance: $150,000.00 - $249,999.99; Limited to three (3) debit transactions per quarterly statement cycle; personal Bank First checking with direct deposit required
Balance: 0 - $75,000; Qualifications Required; 0.05% APY if qualifications not met; APYs accurate as of 09/01/2023
Qualifications Required; Balance: $0 - $75,000; Qualifying balance up to $75,000.00
Balance: $100,000 and above
Balance: $100,000-249,999.99
Balance: $0.01 to $250,000.00
Balance: Up to $1,000.00; Kids account; APY accurate as of 10/15/2026
Balance: $1,000,000+; Tiered account
Balance: $100,000 and over
Qualifications Required; Balance: $15,000.01 - $50,000.00; Unlimited withdrawals; No monthly fee
Earn and Learn available to members up through age 18; APY dividend of 2.96% earned on balances $5.00-$2,500.00; balances over $2,500.00 earn 0.20% APY; Minimum Balance/Average Daily Balance: $5/$5
Balance: $25,000 - $99,999.99
- Oct 20, 20262.90%▲ from 2.75%
- Sep 27, 20262.75%first recorded
Balance: $25,000 - $99,999.99
Balance: $100,000.00 and up
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.
Taylorville, IL Savings Rate Trends
Compare local Taylorville, 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 0.063 points over the past 7 days to 2.065% APY, up from 2.002%.
Illinois standard savings rates fell 0.011 points over the past 7 days to 0.296% APY, down from 0.307%.
Taylorville, 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 2.065% 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 Taylorville, Illinois.
Savings Account Earnings in Taylorville, 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 (2.065% APY) | Monthly Earnings | Standard Savings (0.296% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $103.24 / year | $8.60 | $14.82 / year | $1.24 |
| $10,000 | $206.47 / year | $17.21 | $29.63 / year | $2.47 |
| $25,000 | $516.18 / year | $43.01 | $74.08 / year | $6.17 |
| $50,000 | $1,032.35 / year | $86.03 | $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: Taylorville, Illinois savings rate averages as of October 25, 2026. | ||||
About Our Taylorville, Illinois Savings Rate Database
MonitorBankRates found 5 institutions with branches in Taylorville (4 banks, 1 credit union), plus 38 additional state-chartered and national online institutions available to Taylorville 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: US Bank offers a savings account at 3.50% APY with a minimum deposit of $25. Use the rate table above to compare all current offers in Taylorville, Illinois.
How to Find the Best Savings Rates in Taylorville, Illinois
What to compare when shopping for a savings account in Taylorville, Illinois
To find the best savings APYs in Taylorville, Illinois, start with credit unions and online-only banks: Taylorville, 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 2.065% but top local institutions are offering as high as 3.50%, 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. Taylorville, Illinois high-yield savings rates currently average 2.065% 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 Taylorville, Illinois institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 43 institutions in Taylorville, Illinois report savings rates to our database.
- You’re among Taylorville, Illinois’s 19.3% 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 Taylorville, Illinois CD rates
- You want check-writing flexibility Taylorville, Illinois money market rates
- You need daily transaction access Taylorville, Illinois checking rates
Taylorville, Illinois Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
19.3% of residents are 65 or older, in line with the national average of 17.3%; a low unemployment rate of 3.5% reflects a strong local economy with solid savings capacity. At today’s IL high-yield savings average of 2.065%, saving 10% of the local median salary ($3,434/year) would earn an additional $71 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Taylorville, Illinois Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Taylorville, Illinois.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current IL Avg APY | 2.065% | 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 Taylorville, Illinois averages tracked in our database as of October 25, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Taylorville, Illinois
At IL’s top rate of 3.50% from US Bank, a $10,000 deposit earns $350 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Taylorville, Illinois earner is roughly $8,600. At 2.065% APY, saving $720/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 2.065% 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 Taylorville, Illinois earner makes $34,346/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.065% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.065% APY grows to roughly $37,623 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 Taylorville, 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 Taylorville, 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 Taylorville, 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 Taylorville, Illinois
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Taylorville, Illinois safe?
How often do savings rates change in Taylorville, 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 Taylorville, Illinois?
How do I open a savings account in Taylorville, Illinois?
Best Savings Rates in Taylorville, Illinois
- US Bank
Bank Smartly Savings Account: 3.50% APY - First National Bank of Pana
Health Savings Account: 0.35% APY - FNB in Taylorville
Savings: 0.35% APY - First Mid Bank & Trust
Business Savings Account: 0.05% APY - Taylorville Community Credit Union
Regular Shares (Savings): 0.05% APY
Taylorville, Illinois Rates & Resources
