Illinois Savings Rates
Right now, we are looking at the highest yields available in savings and money market ccounts to find the best rates in Illinois. A lot of our readers here at Online Banks Blog bank in Illinois and we wanted to find the best savings rates in Illinois for you.
We’ll rank them by annual percentage yield (APY) and specify which type of account (money market or savings) and any minimums required to get it.
Ally Bank offers a savings rate of 1.75% APY with no minimum balance to open and no monthly fees. They also have a 1.70% APY offer on their money market accounts which also have no minimum requirements to avoid fees.
HSBC Direct offers a 1.55% APY on a money market account there, which requires a $1 minimum to open (online only) and has no fees no matter your balance.
A newcomer to ILL, some of the best rates in Illinois are at Zions First National Bank with a money market rate of 1.45% APY with a $2,500 minimum balance to open and avoid fees.
Discover Bank has a 1.30% APY on their money market account with a $2,500 minimum opening balance that must be maintained to avoid fees.
Two 1.00% APY offers are available in Illinois savings rates:
First Savings Bank of Hegewisch offers this APY on a $1,500 minimum opening balance that must be maintained to avoid fees.
MetLife Bank also offers this APY with a $5,000 minimum balance required to avoid fees.
All banks listed are FDIC insured. None of these rates are guaranteed and traditionally both savings and money market accounts are variable rate, so these savings rates in Illinois could change anytime.
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