Best Local Bank Savings and Money Market Rates in Crystal Lake, Illinois, IL June 15, 2025

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If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

Crystal Lake, IL - June 15, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Citibank, National Association Crystal Lake Branch	4.35% 0.20%	$0 $1	Learn More
Promotional rate for 3 months up to $11,000. Requires $25,000 in new deposits within 10 days of registration. After 3 month promotional period, rate reverts to between 0.03% and 0.12%. Rate History: 5.00% → 4.75% → 5.00% → 4.50% → 4.35%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (22)
Byline Bank Schaumburg Office Branch	4.00%	$25,000	Learn More Add Review
Rate History: 4.85% → 4.00%
The Huntington National Bank Union Depot Branch	3.92%	$25,000	Learn More
Rate History: 4.70% → 4.18% → 3.92%
Allan \| Mar 18, 2021 I called Huntington yesterday and the branch manager told me that the rate listed on Best Cash Cow doesn't exist......... Read More Reviews (1)
U.s. Bank National Association Elgin Meijer Branch	3.50% 0.05%	$25,000 $1	Learn More
Rate History: 4.10% → 3.50%
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (6)
Woodforest National Bank 0149 Harvard Il Walmart Branch	3.25% 2.25% 1.75% 1.25% 0.35%	$500,000 $250,000 $100,000 $1 $0	Learn More
Rate History: 4.00% → 3.75% → 3.50% → 3.25%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Bank Of Hope Rolling Meadows Branch	3.05%	$1,000	Learn More
NORTY FLATZ \| Dec 3, 2019 Have done business with "Hope's" San Diego branch for a few years. Always courteous and helpful. Looking forward to doing business with them in the future. Read More Reviews (1)
Bmo Bank National Association Drive-In Branch	2.94% 2.22% 1.20% 0.80%	$250,000 $100,000 $25,000 $0	Learn More
Rate History: 2.00% → 3.56% → 3.30% → 3.09% → 2.94%
Beenthere \| Jan 29, 2024 Tried to enter information on line to open a 5 year CD, multiple time and wasn't accepted. Talked to a live person who was of no help at all. My credit score is over 800 and I have plenty of money in oth... Read More Reviews (9)
Capital One, National Association	2.50%	$1	Learn More
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (16)
Heartland Bank And Trust Company Hampshire Branch	2.27% 1.51%	$500,000 $50,000	Learn More Add Review
Prairie Community Bank Prairie Community Bank Branch	1.21% 1.11% 1.00%	$250,000 $100,000 $25,000	Learn More Add Review
Wells Fargo Bank, National Association Huntley Branch	1.01% 0.01%	$100,000 $1	Learn More
Rate History: 1.01% → 1.02% → 1.01%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Heartland Bank And Trust Company Hampshire Branch	0.50%	$500,000	Learn More Add Review
Rate History: 0.03% → 0.50%
Woodforest National Bank 0149 Harvard Il Walmart Branch	0.40% 0.25%	$10,000 $0	Learn More
Rate History: 1.00% → 0.50% → 0.40%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Prairie Community Bank Prairie Community Bank Branch	0.30%	$100	Learn More Add Review
Bankfinancial, National Association Schaumburg Branch	0.30%	$10,000	Learn More Add Review
North Shore Trust And Savings Sand Lake Branch	0.25%	$2,500	Learn More Add Review
U.s. Bank National Association Elgin Meijer Branch	0.25%	$25,000	Learn More
Rate History: 4.25% → 4.16% → 4.25% → 3.75% → 0.25%
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (6)
First State Bank St. Charles West Branch	0.20%	$2,500	Learn More Add Review
Sauk Valley Bank & Trust Company Woodstock Il Lpo Branch	0.20%	$10,000	Learn More Add Review
Sterling Bank Sterling Bank Branch	0.20%	$2,500	Learn More
Al \| Sep 26, 2016 I think the specials have ended. can you double check? Read More Reviews (1)
Pan American Bank & Trust Palatine Il Branch	0.20%	$2,500	Learn More Add Review
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
The Harvard State Bank The Harvard State Bank Branch	0.17%	$25,000	Learn More Add Review
First State Bank St. Charles West Branch	0.15%	$2,500	Learn More Add Review
Home State Bank, National Association Woodstock Banking Center Branch	0.15%	$25,000	Learn More Add Review
Bankfinancial, National Association Schaumburg Branch	0.15%	$2,500	Learn More Add Review
Northbrook Bank And Trust Company, National Association Buffalo Grove Branch	0.15%	$10,000	Learn More Add Review
North Shore Trust And Savings Sand Lake Branch	0.15%	$10,000	Learn More Add Review
First American Bank Hampshire Facility Branch	0.15%	$25,000	Learn More Add Review
Hoyne Savings Bank 400 St. Johns Road Branch	0.15%	$25,000	Learn More
NotURBusiness \| Jul 9, 2021 ABSOLUTELY RIDICULOUS how this place is still around in Wheeling. Taking any more than 3 days on a loan check is UNEXCUSEABLE. Having an 800 plus credit rating. A SENIOR. Wanting to move out ofa big hou... Read More Reviews (1)
State Bank Harvard/Ayer Branch	0.15%	$25,000	Learn More
Retired \| Feb 16, 2021 No longer offered even though it’s shown here Read More Reviews (1)
The Harvard State Bank The Harvard State Bank Branch	0.13%	$2,500	Learn More Add Review
Tbk Bank, Ssb Elgin Branch	0.10%	$25	Learn More
Rate History: 0.15% → 0.10%
fiddler \| Jun 30, 2019 agree....finally did get thru though Read More Reviews (2)
American Community Bank & Trust American Community Bank & Trust Branch	0.10%	$2,500	Learn More Add Review
The Harvard State Bank The Harvard State Bank Branch	0.10%	$2,500	Learn More Add Review
North Shore Bank, Fsb Illinois State Bank/Branch	0.10%	$25,000	Learn More Add Review
Home State Bank, National Association Woodstock Banking Center Branch	0.10%	$2,500	Learn More Add Review
American Bank And Trust Company, National Association St. Charles Branch	0.10%	$2,500	Learn More Add Review
Union National Bank And Trust Company Of Elgin Union National Bank And Trust Compan Branch	0.10%	$2,500	Learn More Add Review
Itasca Bank & Trust Co. Roselle Il Branch	0.10%	$2,500	Learn More Add Review
North Shore Trust And Savings Sand Lake Branch	0.10%	$2,500	Learn More Add Review
Parkway Bank And Trust Company Carpentersville Branch	0.10%	$25,000	Learn More
Ed \| Jun 20, 2019 12 month rate not 2.5. Changed to 1.5%. Read More Reviews (1)
Hanmi Bank Carol Stream Branch	0.10%	$2,500	Learn More Add Review
Hoyne Savings Bank 400 St. Johns Road Branch	0.10%	$10,000	Learn More
NotURBusiness \| Jul 9, 2021 ABSOLUTELY RIDICULOUS how this place is still around in Wheeling. Taking any more than 3 days on a loan check is UNEXCUSEABLE. Having an 800 plus credit rating. A SENIOR. Wanting to move out ofa big hou... Read More Reviews (1)
State Bank Harvard/Ayer Branch	0.10%	$10,000	Learn More
Retired \| Feb 16, 2021 No longer offered even though it’s shown here Read More Reviews (1)
Northbrook Bank And Trust Company, National Association Buffalo Grove Branch	0.10%	$2,500	Learn More Add Review
First Federal Savings Bank Elgin Branch	0.10%	$25,000	Learn More Add Review
North Shore Bank, Fsb Illinois State Bank/Branch	0.08%	$10,000	Learn More Add Review
Home State Bank, National Association Woodstock Banking Center Branch	0.08%	$2,500	Learn More Add Review
Sauk Valley Bank & Trust Company Woodstock Il Lpo Branch	0.08%	$2,500	Learn More Add Review
First Eagle Bank Hanover Park Branch	0.08%	$15,000	Learn More Add Review
Fnbc Bank & Trust South Elgin Branch	0.07%	$25,000	Learn More Add Review
Heritage Bank Of Schaumburg Heritage Bank Of Schaumburg Branch	0.07%	$25,000	Learn More Add Review
North Shore Bank, Fsb Illinois State Bank/Branch	0.06%	$2,500	Learn More Add Review
The Huntington National Bank Union Depot Branch	0.06%	$0	Learn More
Allan \| Mar 18, 2021 I called Huntington yesterday and the branch manager told me that the rate listed on Best Cash Cow doesn't exist......... Read More Reviews (1)
First Federal Savings Bank Elgin Branch	0.05%	$2,500	Learn More Add Review
American Community Bank & Trust American Community Bank & Trust Branch	0.05%	$2,500	Learn More Add Review
North Shore Bank, Fsb Illinois State Bank/Branch	0.05%	$2,500	Learn More Add Review
Resource Bank, National Association Hampshire Branch	0.05%	$2,500	Learn More Add Review
Sauk Valley Bank & Trust Company Woodstock Il Lpo Branch	0.05%	$2,500	Learn More Add Review
Fnbc Bank & Trust South Elgin Branch	0.05%	$2,500	Learn More Add Review
Northbrook Bank And Trust Company, National Association Buffalo Grove Branch	0.05%	$2,500	Learn More Add Review
Bankfinancial, National Association Schaumburg Branch	0.05%	$2,500	Learn More Add Review
Byline Bank Schaumburg Office Branch	0.05%	$2,500	Learn More Add Review
American Bank And Trust Company, National Association St. Charles Branch	0.05%	$2,500	Learn More Add Review
Cornerstone National Bank & Trust Company Cornerstone National Bank & Trust Co Branch	0.05%	$2,500	Learn More Add Review
First Eagle Bank Hanover Park Branch	0.05%	$100	Learn More Add Review
Parkway Bank And Trust Company Carpentersville Branch	0.05%	$2,500	Learn More
Ed \| Jun 20, 2019 12 month rate not 2.5. Changed to 1.5%. Read More Reviews (1)
Hanmi Bank Carol Stream Branch	0.05%	$2,500	Learn More Add Review
First American Bank Hampshire Facility Branch	0.05%	$2,500	Learn More Add Review
Itasca Bank & Trust Co. Roselle Il Branch	0.05%	$2,500	Learn More Add Review
Hoyne Savings Bank 400 St. Johns Road Branch	0.05%	$2,500	Learn More
NotURBusiness \| Jul 9, 2021 ABSOLUTELY RIDICULOUS how this place is still around in Wheeling. Taking any more than 3 days on a loan check is UNEXCUSEABLE. Having an 800 plus credit rating. A SENIOR. Wanting to move out ofa big hou... Read More Reviews (1)
State Bank Harvard/Ayer Branch	0.05%	$2,500	Learn More
Retired \| Feb 16, 2021 No longer offered even though it’s shown here Read More Reviews (1)
Tbk Bank, Ssb Elgin Branch	0.05% 0.01%	$35,000 $0	Learn More
Rate History: 1.00% → 0.10% → 0.05%
fiddler \| Jun 30, 2019 agree....finally did get thru though Read More Reviews (2)
Union National Bank And Trust Company Of Elgin Union National Bank And Trust Compan Branch	0.05%	$10,000	Learn More Add Review
Heritage Bank Of Schaumburg Heritage Bank Of Schaumburg Branch	0.05%	$2,500	Learn More Add Review
Bank Of America, National Association South Elgin Branch	0.04%	$2,500	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (11)
Libertyville Bank & Trust Company, National Association Libertyville Bank & Trust Company Branch	0.03%	$10,000	Learn More Add Review
Crystal Lake Bank And Trust Company, National Association Algonquin Bank Branch	0.03%	$2,500	Learn More Add Review
Associated Bank, National Association Carpentersville Branch	0.03%	$25,000	Learn More Add Review
State Bank Of The Lakes, National Association Spring Grove Branch	0.03%	$10,000	Learn More Add Review
St. Charles Bank & Trust Company, National Association Elgin Branch	0.03%	$10,000	Learn More Add Review
Cibc Bank Usa Saint Charles Branch	0.03%	$2,500	Learn More
me \| Oct 13, 2021 Good for savers. Easy to transfer funds in and out, not paying high transaction processing $ or being limited to low amounts per day. Does not subject applicants to very much ID interrogation and apparent... Read More Reviews (6)
Schaumburg Bank & Trust Company, National Association Roselle Bank & Trust, A Branch Of Schaumburg Bank & Trust Company, N.A.	0.03%	$10,000	Learn More Add Review
Village Bank And Trust, National Association Luther Village Branch	0.03%	$10,000	Learn More Add Review
Crystal Lake Bank And Trust Company, National Association Algonquin Bank Branch	0.02%	$2,500	Learn More Add Review
Associated Bank, National Association Carpentersville Branch	0.02%	$10,000	Learn More Add Review
State Bank Of The Lakes, National Association Spring Grove Branch	0.02%	$2,500	Learn More Add Review
Barrington Bank & Trust Company, National Association Hanover Park Branch	0.02%	$2,500	Learn More Add Review
Libertyville Bank & Trust Company, National Association Libertyville Bank & Trust Company Branch	0.02%	$2,500	Learn More Add Review
St. Charles Bank & Trust Company, National Association Elgin Branch	0.02%	$2,500	Learn More Add Review
Schaumburg Bank & Trust Company, National Association Roselle Bank & Trust, A Branch Of Schaumburg Bank & Trust Company, N.A.	0.02%	$2,500	Learn More Add Review
Pnc Bank, National Association Huntley Branch	0.02%	$50,000	Learn More
Rate History: 1.00% → 0.05% → 0.02%
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Village Bank And Trust, National Association Luther Village Branch	0.02%	$2,500	Learn More Add Review
Jpmorgan Chase Bank, National Association Marengo Branch	0.02%	$25,000	Learn More
Hayley7788d@outlook.com \| Jan 2, 2023 Terrible customer service by investment side. Fees too high , too full of themselves Read More Reviews (25)
Pnc Bank, National Association Huntley Branch	0.01%	$2,500	Learn More
Rate History: 0.03% → 0.01%
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Fifth Third Bank, National Association Hampshire Branch	0.01%	$500	Learn More
Juan Ricardo \| Nov 12, 2018 Helpful w/$ Read More Reviews (5)
Bmo Bank National Association Drive-In Branch	0.01%	$0	Learn More
Beenthere \| Jan 29, 2024 Tried to enter information on line to open a 5 year CD, multiple time and wasn't accepted. Talked to a live person who was of no help at all. My credit score is over 800 and I have plenty of money in oth... Read More Reviews (9)
Associated Bank, National Association Carpentersville Branch	0.01%	$2,500	Learn More Add Review
First American Bank Hampshire Facility Branch	0.01%	$2,500	Learn More Add Review

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.

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Branches Info around Crystal Lake, IL - June 15, 2025

Branch	Street	City	State
Citibank, National Association Crystal Lake Branch	225 W Virginia St	Crystal Lake	IL
Byline Bank Schaumburg Office Branch	10 N Martingal Rd Suite 100	Schaumburg	IL
The Huntington National Bank Union Depot Branch	17622 Depot Street	Union	IL
U.S. Bank National Association Elgin Meijer Branch	815 South Randall Road	Elgin	IL
Woodforest National Bank 0149 Harvard Il Walmart Branch	21101 Mcguire Road	Harvard	IL
Bank of Hope Rolling Meadows Branch	5005 Newport Drive	Rolling Meadows	IL
BMO Bank National Association Drive-In Branch	123 West Grant Highway	Marengo	IL
Heartland Bank and Trust Company Hampshire Branch	819 Warner Street	Hampshire	IL
Woodforest National Bank 0149 Harvard Il Walmart Branch	21101 Mcguire Road	Harvard	IL
BMO Bank National Association Drive-In Branch	123 West Grant Highway	Marengo	IL
Woodforest National Bank 0149 Harvard Il Walmart Branch	21101 Mcguire Road	Harvard	IL
Heartland Bank and Trust Company Hampshire Branch	819 Warner Street	Hampshire	IL
Woodforest National Bank 0149 Harvard Il Walmart Branch	21101 Mcguire Road	Harvard	IL
Prairie Community Bank Prairie Community Bank Branch	800 West Grant Highway	Marengo	IL
BMO Bank National Association Drive-In Branch	123 West Grant Highway	Marengo	IL
Prairie Community Bank Prairie Community Bank Branch	800 West Grant Highway	Marengo	IL
Wells Fargo Bank, National Association Huntley Branch	13308 Village Green Drive	Huntley	IL
Prairie Community Bank Prairie Community Bank Branch	800 West Grant Highway	Marengo	IL
BMO Bank National Association Drive-In Branch	123 West Grant Highway	Marengo	IL
Heartland Bank and Trust Company Hampshire Branch	819 Warner Street	Hampshire	IL
Woodforest National Bank 0149 Harvard Il Walmart Branch	21101 Mcguire Road	Harvard	IL
Woodforest National Bank 0149 Harvard Il Walmart Branch	21101 Mcguire Road	Harvard	IL
Prairie Community Bank Prairie Community Bank Branch	800 West Grant Highway	Marengo	IL
BankFinancial, National Association Schaumburg Branch	1005 West Wise Road	Schaumburg	IL
North Shore Trust and Savings Sand Lake Branch	3060 W. Sand Lake Road	Lindenhurst	IL
Woodforest National Bank 0149 Harvard Il Walmart Branch	21101 Mcguire Road	Harvard	IL
U.S. Bank National Association Elgin Meijer Branch	815 South Randall Road	Elgin	IL
First State Bank St. Charles West Branch	2601 Oak Street	Saint Charles	IL
Sauk Valley Bank & Trust Company Woodstock Il Lpo Branch	140 Newell Street	Woodstock	IL
Sterling Bank Sterling Bank Branch	360 S. 1st Street	Saint Charles	IL
Pan American Bank & Trust Palatine Il Branch	One East Northwest Highway	Palatine	IL
Citibank, National Association Crystal Lake Branch	225 W Virginia St	Crystal Lake	IL
The Harvard State Bank The Harvard State Bank Branch	33-35 North Ayer Street	Harvard	IL
First State Bank St. Charles West Branch	2601 Oak Street	Saint Charles	IL
Home State Bank, National Association Woodstock Banking Center Branch	124 Johnson Street	Woodstock	IL
BankFinancial, National Association Schaumburg Branch	1005 West Wise Road	Schaumburg	IL
Northbrook Bank and Trust Company, National Association Buffalo Grove Branch	200 North Buffalo Grove Road	Buffalo Grove	IL
North Shore Trust and Savings Sand Lake Branch	3060 W. Sand Lake Road	Lindenhurst	IL
First American Bank Hampshire Facility Branch	201 South State Street	Hampshire	IL
Hoyne Savings Bank 400 St. Johns Road Branch	400 St. Johns Road	Woodstock	IL
First Secure State Bank Harvard/Ayer Branch	58 N. Ayer St.	Harvard	IL
The Harvard State Bank The Harvard State Bank Branch	33-35 North Ayer Street	Harvard	IL
TBK BANK, SSB Elgin Branch	3151 Us Highway 20	Elgin	IL
American Community Bank & Trust American Community Bank & Trust Branch	1290 Lake Avenue	Woodstock	IL
The Harvard State Bank The Harvard State Bank Branch	33-35 North Ayer Street	Harvard	IL
North Shore Bank Illinois State Bank/Branch	1301 Pyott Road	Lake In The Hills	IL
Home State Bank, National Association Woodstock Banking Center Branch	124 Johnson Street	Woodstock	IL
American Bank and Trust Company, National Association St. Charles Branch	2580 Foxfield Road, 2nd Floor	Saint Charles	IL
Union National Bank and Trust Company of Elgin Union National Bank And Trust Compan Branch	101 East Chicago Street	Elgin	IL
Itasca Bank & Trust Co. Roselle Il Branch	One East Irving Park Road	Roselle	IL
North Shore Trust and Savings Sand Lake Branch	3060 W. Sand Lake Road	Lindenhurst	IL
Parkway Bank and Trust Company Carpentersville Branch	2 North Western Avenue	Carpentersville	IL
Hanmi Bank Carol Stream Branch	1275 North County Farm Road	Carol Stream	IL
Hoyne Savings Bank 400 St. Johns Road Branch	400 St. Johns Road	Woodstock	IL
First Secure State Bank Harvard/Ayer Branch	58 N. Ayer St.	Harvard	IL
Northbrook Bank and Trust Company, National Association Buffalo Grove Branch	200 North Buffalo Grove Road	Buffalo Grove	IL
First Federal Savings Bank Elgin Branch	325 South Randall Road	Elgin	IL
North Shore Bank Illinois State Bank/Branch	1301 Pyott Road	Lake In The Hills	IL
Home State Bank, National Association Woodstock Banking Center Branch	124 Johnson Street	Woodstock	IL
Sauk Valley Bank & Trust Company Woodstock Il Lpo Branch	140 Newell Street	Woodstock	IL
First Eagle Bank Hanover Park Branch	1040 East Lake Street	Hanover Park	IL
FNBC Bank & Trust South Elgin Branch	1140 West Spring Street	South Elgin	IL
Heritage Bank of Schaumburg Heritage Bank Of Schaumburg Branch	1535 Schaumburg Road	Schaumburg	IL
North Shore Bank Illinois State Bank/Branch	1301 Pyott Road	Lake In The Hills	IL
The Huntington National Bank Union Depot Branch	17622 Depot Street	Union	IL
First Federal Savings Bank Elgin Branch	325 South Randall Road	Elgin	IL
American Community Bank & Trust American Community Bank & Trust Branch	1290 Lake Avenue	Woodstock	IL
North Shore Bank Illinois State Bank/Branch	1301 Pyott Road	Lake In The Hills	IL
Resource Bank, National Association Hampshire Branch	135 W Oak Knoll Dr	Hampshire	IL
Sauk Valley Bank & Trust Company Woodstock Il Lpo Branch	140 Newell Street	Woodstock	IL
FNBC Bank & Trust South Elgin Branch	1140 West Spring Street	South Elgin	IL
Northbrook Bank and Trust Company, National Association Buffalo Grove Branch	200 North Buffalo Grove Road	Buffalo Grove	IL
BankFinancial, National Association Schaumburg Branch	1005 West Wise Road	Schaumburg	IL
Byline Bank Schaumburg Office Branch	10 N Martingal Rd Suite 100	Schaumburg	IL
American Bank and Trust Company, National Association St. Charles Branch	2580 Foxfield Road, 2nd Floor	Saint Charles	IL
Cornerstone National Bank & Trust Company Cornerstone National Bank & Trust Co Branch	650 East Terra Cotta Avenue, Suite 11	Crystal Lake	IL
First Eagle Bank Hanover Park Branch	1040 East Lake Street	Hanover Park	IL
Parkway Bank and Trust Company Carpentersville Branch	2 North Western Avenue	Carpentersville	IL
Hanmi Bank Carol Stream Branch	1275 North County Farm Road	Carol Stream	IL
First American Bank Hampshire Facility Branch	201 South State Street	Hampshire	IL
Itasca Bank & Trust Co. Roselle Il Branch	One East Irving Park Road	Roselle	IL
Hoyne Savings Bank 400 St. Johns Road Branch	400 St. Johns Road	Woodstock	IL
First Secure State Bank Harvard/Ayer Branch	58 N. Ayer St.	Harvard	IL
TBK BANK, SSB Elgin Branch	3151 Us Highway 20	Elgin	IL
Union National Bank and Trust Company of Elgin Union National Bank And Trust Compan Branch	101 East Chicago Street	Elgin	IL
Heritage Bank of Schaumburg Heritage Bank Of Schaumburg Branch	1535 Schaumburg Road	Schaumburg	IL
U.S. Bank National Association Elgin Meijer Branch	815 South Randall Road	Elgin	IL
Bank of America, National Association South Elgin Branch	534 Randall Road	South Elgin	IL
Libertyville Bank & Trust Company, National Association Libertyville Bank & Trust Company Branch	229 E. State Road	Island Lake	IL
Crystal Lake Bank and Trust Company, National Association Algonquin Bank Branch	4049 W. Algonquin Rd	Algonquin	IL
Associated Bank, National Association Carpentersville Branch	7675 Miller Road	Carpentersville	IL
State Bank of the Lakes, National Association Spring Grove Branch	1906 Holian Drive	Spring Grove	IL
St. Charles Bank & Trust Company, National Association Elgin Branch	1001 South Randall Road	Elgin	IL
CIBC Bank USA Saint Charles Branch	24 South Second Stereet	Saint Charles	IL
Schaumburg Bank & Trust Company, National Association Roselle Bank & Trust, A Branch Of Schaumburg Bank & Trust Company, N.A.	1350 West Lake Street	Roselle	IL
Village Bank and Trust, National Association Luther Village Branch	1250 Village Drive	Arlington Heights	IL
Crystal Lake Bank and Trust Company, National Association Algonquin Bank Branch	4049 W. Algonquin Rd	Algonquin	IL
Associated Bank, National Association Carpentersville Branch	7675 Miller Road	Carpentersville	IL
State Bank of the Lakes, National Association Spring Grove Branch	1906 Holian Drive	Spring Grove	IL
Barrington Bank & Trust Company, National Association Hanover Park Branch	6800 Barrington Road	Hanover Park	IL
Libertyville Bank & Trust Company, National Association Libertyville Bank & Trust Company Branch	229 E. State Road	Island Lake	IL
St. Charles Bank & Trust Company, National Association Elgin Branch	1001 South Randall Road	Elgin	IL
Schaumburg Bank & Trust Company, National Association Roselle Bank & Trust, A Branch Of Schaumburg Bank & Trust Company, N.A.	1350 West Lake Street	Roselle	IL
PNC Bank, National Association Huntley Branch	13300 Route 47	Huntley	IL
Village Bank and Trust, National Association Luther Village Branch	1250 Village Drive	Arlington Heights	IL
JPMorgan Chase Bank, National Association Marengo Branch	200 East Grant Highway	Marengo	IL
Wells Fargo Bank, National Association Huntley Branch	13308 Village Green Drive	Huntley	IL
TBK BANK, SSB Elgin Branch	3151 Us Highway 20	Elgin	IL
PNC Bank, National Association Huntley Branch	13300 Route 47	Huntley	IL
Fifth Third Bank, National Association Hampshire Branch	251 South State Street	Hampshire	IL
BMO Bank National Association Drive-In Branch	123 West Grant Highway	Marengo	IL
Associated Bank, National Association Carpentersville Branch	7675 Miller Road	Carpentersville	IL
First American Bank Hampshire Facility Branch	201 South State Street	Hampshire	IL

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES

Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

Find a bank with a location convenient to you. Location counts.
Choose a bank with good rates. Rates are important to get continued growth of your capital.
Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.