Toulon, Illinois Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Toulon, Illinois and the surrounding area include SBT State Bank of ToulonSBT State Bank of Toulon102 W Main St, Toulon, IL 61483A+5.0 ★Texas Ratio: 0.88%Real return: -2.60%APY minus 2.8% CPI (February 2026) Passbook Savings at 0.20% APY, Together Credit UnionTogether Credit UnionA+5.0 ★Texas Ratio: 5.32%Real return: +2.20%APY minus 2.8% CPI (February 2026) Accelerate It Savings at 5.00% APY, Michigan State University Federal Credit UnionMichigan State University Federal Credit UnionA5.0 ★Texas Ratio: 9.07%Real return: +2.20%APY minus 2.8% CPI (February 2026) Savings Builder - Tier 1 at 5.00% APY, State Farm Federal Credit UnionState Farm Federal Credit UnionA+5.0 ★Texas Ratio: 0.11%Real return: +1.28%APY minus 2.8% CPI (February 2026) Share Savings at 4.08% APY, and Central Bank IllinoisCentral Bank IllinoisA-5.0 ★Texas Ratio: 15.39%Real return: +1.20%APY minus 2.8% CPI (February 2026) Kasasa Saver Savings at 4.00% APY.
Toulon has 1 local institution in our database, with savings rates as high as 0.20% APY from SBT State Bank of Toulon at 102 W Main St, Toulon, IL 61483. 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 Toulon, Illinois and the surrounding area. Last Updated and Verified: September 16, 2026
Compare the Best Savings Rates in Toulon, Illinois & Surrounding Communities
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.
Valid Thru: 09/30/2026
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 .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 19 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.
Qualifications Required: Direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login
The APY for the Balance Tier $500.01 or more will range from 4.00% to 0.01% , depending on the balance in the account.
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.
Valid Thru: 09/30/2026
Qualifications Required: Account activity that does not meet Advantage Plus qualifications will earn an APY of 0.05%. A minimum $10,000 daily balance is required to earn dividends.; Interest paid monthly. Unlimited withdrawals and deposits. See adviacu.org/APlus for qualifications.
$250,000.00 - $499,999.99
With Huntington Perks Checking**
Valid Thru: 09/13/2026
Valid Thru: 09/13/2026
Valid Thru: 09/13/2026
Valid Thru: 09/13/2026
Valid Thru: 09/13/2026
Valid Thru: 09/13/2026
Non-Relationship Rate
Compounding and Crediting Frequency: Monthly
APY dividend of 2.96% is earned on balances $5.00- $2,500.00. Balances over $2,500.00 and above will receive APY of 0.20%. Rate offers accurate as of 02/13/2026. 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.
$150,000.00 - $249,999.99
Tier: 0 - $75,000
Balance Tiers: $100,000 and above
See Account Terms for details
The APY for the Balance Tier $1,000.01 or more will range from 2.60% APY to 0.20% , depending on the balance in the account.
$50,000.00 - $149,999.99
APY is paid on entire balance in accounts
Rates based on zip code. Variable rate. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. Offer is limited to one per household. Not valid with any other offer. New Money required.
Compounding & Payment of Interest: Quarterly
Compounding & Payment of Interest: Quarterly
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.
Toulon, IL Savings Rate Trends
Compare local Toulon, 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 0.121 points over the past 7 days to 1.858% APY, down from 1.980%.
Illinois standard savings rates fell 0.013 points over the past 7 days to 0.801% APY, down from 0.814%.
Toulon, 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 1.858% 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 60–90 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 Toulon, Illinois.
Savings Account Earnings in Toulon, 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 (1.858% APY) | Monthly Earnings | Standard Savings (0.801% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $92.92 / year | $7.74 | $40.04 / year | $3.34 |
| $10,000 | $185.84 / year | $15.49 | $80.08 / year | $6.67 |
| $25,000 | $464.60 / year | $38.72 | $200.20 / year | $16.68 |
| $50,000 | $929.20 / year | $77.43 | $400.40 / year | $33.37 |
| 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: Toulon, Illinois savings rate averages as of September 16, 2026. | ||||
About Our Toulon, Illinois Savings Rate Database
MonitorBankRates found 1 institution with branches in Toulon, plus 28 additional state-chartered and national online institutions available to Toulon 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: SBT State Bank of Toulon offers a savings account at 0.20% APY with a minimum deposit of $50. Use the rate table above to compare all current offers in Toulon, Illinois.
How to Find the Best Savings Rates in Toulon, Illinois
What to compare when shopping for a savings account in Toulon, Illinois
To find the best savings APYs in Toulon, Illinois, start with credit unions and online-only banks: Toulon, 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 1.858% Use the table above to find the best available offer.
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. Toulon, Illinois high-yield savings rates currently average 1.858% 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 Toulon, Illinois institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 29 institutions in Toulon, Illinois report savings rates to our database.
- You’re among Toulon, Illinois’s 22.2% 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 → Toulon, Illinois CD rates
- You want check-writing flexibility → Toulon, Illinois money market rates
- You need daily transaction access → Toulon, Illinois checking rates
Toulon, Illinois Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
22.2% 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; a low unemployment rate of 2.9% reflects a strong local economy with solid savings capacity. At today’s IL high-yield savings average of 1.858%, saving 10% of the local median salary ($3,887/year) would earn an additional $72 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Toulon, Illinois Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Toulon, Illinois.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current IL Avg APY | 1.858% | 0.801% | 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 | 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 Toulon, Illinois averages tracked in our database as of September 16, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Toulon, Illinois
At IL’s top rate of 0.20% from SBT State Bank of Toulon, a $10,000 deposit earns $20 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Toulon, Illinois earner is roughly $9,700. At 1.858% 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 1.858% 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 Toulon, Illinois earner makes $38,875/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.858% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.858% APY grows to roughly $36,131 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 Toulon, 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 Toulon, 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 Toulon, 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 Toulon, Illinois
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Toulon, Illinois safe?
How often do savings rates change in Toulon, 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 Toulon, Illinois?
How do I open a savings account in Toulon, Illinois?
Best Savings Rates in Toulon, Illinois
- SBT State Bank of Toulon
Passbook Savings: 0.20% APY - Together Credit Union
Accelerate It Savings: 5.00% APY - Michigan State University Federal Credit Union
Savings Builder - Tier 1: 5.00% APY - State Farm Federal Credit Union
Share Savings: 4.08% APY - Central Bank Illinois
Kasasa Saver Savings: 4.00% APY
Toulon, Illinois Rates & Resources
