Best Local Bank Savings and Money Market Rates in Frankfort, Illinois, IL June 25, 2025

You are viewing savings rates from banks in Frankfort, Illinois

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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!

Frankfort, IL - June 25, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Republic Bank Of Chicago 111th Street Naperville Branch	5.01%	$2,500	Learn More Add Review
Rate History: 5.21% → 5.01%
Citibank, National Association Forge Drive 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)
Evergreen Bank Group Evergreen Bank Group Branch	4.25%	$0	Learn More Add Review
Rate History: 5.25% → 4.75% → 4.50% → 4.25%
Busey Bank Channahon Il Branch	4.00% 3.25% 0.05%	$100,000 $25,000 $0	Learn More
Rate History: 4.80% → 4.50% → 4.30% → 4.05% → 4.00%
mumsy@grics.net \| Nov 17, 2021 Does Busey Bank cash Series EE Savings Bonds? Read More Reviews (1)
Byline Bank Dupage Branch	4.00%	$25,000	Learn More Add Review
Rate History: 4.85% → 4.00%
U.s. Bank National Association Joliet Junior College 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 0151 Joliet Illinois Wal-Mart 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)
Bmo Bank National Association Caton Farm 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 Bank Of Elwood - A Branch Of Bank Of	2.27% 1.51%	$500,000 $50,000	Learn More Add Review
Wells Fargo Bank, National Association Chicago Central Busness Banking 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 Bank Of Elwood - A Branch Of Bank Of	0.50%	$500,000	Learn More Add Review
Rate History: 0.03% → 0.50%
Evergreen Bank Group Evergreen Bank Group Branch	0.50% 0.40% 0.30%	$25,000 $10,000 $2,500	Learn More Add Review
Woodforest National Bank 0151 Joliet Illinois Wal-Mart 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)
Cnb Bank And Trust, N.a. Palos Heights Branch	0.35%	$200	Learn More Add Review
Peoplefirst Bank Peoplefirst Bank Branch	0.35%	$2,500	Learn More Add Review
Bankfinancial, National Association 1401 N Larkin Ave Branch	0.30%	$10,000	Learn More Add Review
United Fidelity Bank, Fsb United Fidelity Bank, Fsb Branch	0.30%	$25,000	Learn More Add Review
Town Center Bank New Lenox Branch	0.30%	$25,000	Learn More Add Review
United Trust Bank United Trust Bank Branch	0.28%	$2,500	Learn More Add Review
First Secure Bank And Trust Co. First Secure Bank And Trust Co. Branch	0.26%	$25,000	Learn More Add Review
Cathay Bank Chicago -westmont Branch	0.25% 0.20%	$1,000,000 $500,000	Learn More Add Review
U.s. Bank National Association Joliet Junior College 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)
Lisle Savings Bank 1700 Robin Lane Facility Branch	0.20%	$2,500	Learn More Add Review
Old Second National Bank Joliet Branch	0.20% 0.10%	$100,000 $25,000	Learn More Add Review
Rate History: 0.25% → 0.20%
Town Center Bank New Lenox Branch	0.20%	$10,000	Learn More Add Review
First Secure Bank And Trust Co. First Secure Bank And Trust Co. Branch	0.20%	$10,000	Learn More Add Review
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
Federated Bank Bradley Branch	0.16%	$2,500	Learn More Add Review
Bankfinancial, National Association 1401 N Larkin Ave Branch	0.15%	$2,500	Learn More Add Review
First Trust Bank Of Illinois Bourbonnais Branch	0.15%	$2,500	Learn More Add Review
Federated Bank Bradley Branch	0.15%	$25,000	Learn More Add Review
Hometown National Bank Joliet Branch	0.15%	$2,500	Learn More Add Review
United Fidelity Bank, Fsb United Fidelity Bank, Fsb Branch	0.15%	$2,500	Learn More Add Review
First American Bank Louis Joliet Mall Branch	0.15%	$25,000	Learn More Add Review
Hoyne Savings Bank Harlem Avenue 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)
Peoples Bank Of Kankakee County Peoples Bank Of Kankakee County Branch	0.15%	$25,000	Learn More
Allen Orwig Orwigal@aol,com \| Aug 13, 2020 Was wondering if you cash savings bonds........thx Read More Reviews (1)
Peoplefirst Bank Peoplefirst Bank Branch	0.15%	$25,000	Learn More Add Review
Town Center Bank New Lenox Branch	0.15%	$2,500	Learn More Add Review
Beverly Bank & Trust Company, National Association Oak Lawn Bank And Trust Branch	0.15%	$10,000	Learn More Add Review
First Trust Bank Of Illinois Bourbonnais Branch	0.10%	$2,500	Learn More Add Review
Federated Bank Bradley Branch	0.10%	$2,500	Learn More Add Review
United Fidelity Bank, Fsb United Fidelity Bank, Fsb Branch	0.10%	$10,000	Learn More Add Review
Providence Bank & Trust Shorewood Branch	0.10%	$25,000	Learn More Add Review
Parkway Bank And Trust Company Orland Park 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)
Peoples Bank Of Kankakee County Peoples Bank Of Kankakee County Branch	0.10%	$10,000	Learn More
Allen Orwig Orwigal@aol,com \| Aug 13, 2020 Was wondering if you cash savings bonds........thx Read More Reviews (1)
Republic Bank Of Chicago 111th Street Naperville Branch	0.10%	$25	Learn More Add Review
Hoyne Savings Bank Harlem Avenue 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)
Hometown National Bank Joliet Branch	0.10%	$2,500	Learn More Add Review
First Federal Savings Bank Shorewood Branch	0.10%	$25,000	Learn More Add Review
First Savings Bank Of Hegewisch Frankfort Branch	0.10%	$25,000	Learn More Add Review
Peoplefirst Bank Peoplefirst Bank Branch	0.10%	$10,000	Learn More Add Review
Town Center Bank New Lenox Branch	0.10%	$2,500	Learn More Add Review
Beverly Bank & Trust Company, National Association Oak Lawn Bank And Trust Branch	0.10%	$2,500	Learn More Add Review
First Secure Bank And Trust Co. First Secure Bank And Trust Co. Branch	0.10%	$2,500	Learn More Add Review
First National Bank Of Brookfield First National Bank Of Brookfield Branch	0.10%	$2,500	Learn More Add Review
Peoples Bank Of Kankakee County Peoples Bank Of Kankakee County Branch	0.08%	$300	Learn More
Allen Orwig Orwigal@aol,com \| Aug 13, 2020 Was wondering if you cash savings bonds........thx Read More Reviews (1)
Fnbc Bank & Trust Western Springs Branch	0.07%	$25,000	Learn More Add Review
First National Bank Of Brookfield First National Bank Of Brookfield Branch	0.07%	$25,000	Learn More Add Review
Municipal Trust And Savings Bank Municipal Trust And Savings Bank Branch	0.06%	$25,000	Learn More Add Review
First Federal Savings Bank Shorewood Branch	0.05%	$2,500	Learn More Add Review
The Bank Of Bourbonnais The Bank Of Bourbonnais Branch	0.05%	$2,500	Learn More Add Review
Fnbc Bank & Trust Western Springs Branch	0.05%	$2,500	Learn More Add Review
Bankfinancial, National Association 1401 N Larkin Ave Branch	0.05%	$2,500	Learn More Add Review
Byline Bank Dupage Branch	0.05%	$2,500	Learn More Add Review
Cathay Bank Chicago -westmont Branch	0.05%	$50,000	Learn More Add Review
United Fidelity Bank, Fsb United Fidelity Bank, Fsb Branch	0.05%	$2,500	Learn More Add Review
First Merchants Bank Darien Branch	0.05%	$25,000	Learn More
Squittyrules83 \| Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More Reviews (4)
Central Federal Savings And Loan Association La Grange Park Branch	0.05%	$1,000	Learn More Add Review
Parkway Bank And Trust Company Orland Park 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)
First American Bank Louis Joliet Mall Branch	0.05%	$2,500	Learn More Add Review
Hoyne Savings Bank Harlem Avenue 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)
Peoples Bank Of Kankakee County Peoples Bank Of Kankakee County Branch	0.05%	$1	Learn More
Allen Orwig Orwigal@aol,com \| Aug 13, 2020 Was wondering if you cash savings bonds........thx Read More Reviews (1)
Municipal Trust And Savings Bank Municipal Trust And Savings Bank Branch	0.05%	$2,500	Learn More Add Review
First Community Bank And Trust Peotone Branch	0.05%	$25,000	Learn More Add Review
First Savings Bank Of Hegewisch Frankfort Branch	0.05%	$2,500	Learn More Add Review
Peoplefirst Bank Peoplefirst Bank Branch	0.05%	$2,500	Learn More Add Review
United Trust Bank United Trust Bank Branch	0.05%	$2,500	Learn More Add Review
Gn Bank Illinois-Service Federal Savings And Branch	0.05%	$25,000	Learn More
Not a Fan \| Jun 26, 2019 On a scale of 1 to 10 GN bank rates a negative 1. While they gladly accept your deposits, they are far from forhright with your withdrawals. Especially if you are withdrawing large sums of money or closing... Read More Reviews (1)
First National Bank Of Brookfield First National Bank Of Brookfield Branch	0.05%	$10,000	Learn More Add Review
First Community Bank And Trust Peotone Branch	0.04%	$2,500	Learn More Add Review
Marquette Bank Romeoville Branch	0.04%	$2,500	Learn More Add Review
Bank Of America, National Association Shorewood 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)
First Merchants Bank Darien Branch	0.03%	$10,000	Learn More
Squittyrules83 \| Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More Reviews (4)
Hinsdale Bank & Trust Company, National Association Downers Grove Branch	0.03%	$10,000	Learn More Add Review
Midland States Bank Joliet Il Branch	0.03%	$25,000	Learn More
Mikki9678 \| Nov 3, 2021 If anyone is considering using Midland States Bank for estate or trust planning and administration, I’d urge you to be careful and do your due diligence. I’ll first say that I am a CPA with experience ... Read More Reviews (2)
First Bank Of Manhattan 550 West North Street Office Branch	0.03%	$10	Learn More Add Review
Cibc Bank Usa Joliet 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)
Old Plank Trail Community Bank, National Association Shorewood Branch	0.03%	$10,000	Learn More Add Review
Gn Bank Illinois-Service Federal Savings And Branch	0.03%	$2,500	Learn More
Not a Fan \| Jun 26, 2019 On a scale of 1 to 10 GN bank rates a negative 1. While they gladly accept your deposits, they are far from forhright with your withdrawals. Especially if you are withdrawing large sums of money or closing... Read More Reviews (1)
First National Bank Of Brookfield First National Bank Of Brookfield Branch	0.03%	$2,500	Learn More Add Review
Hinsdale Bank & Trust Company, National Association Downers Grove Branch	0.02%	$2,500	Learn More Add Review
Municipal Trust And Savings Bank Municipal Trust And Savings Bank Branch	0.02%	$2,500	Learn More Add Review
Grundy Bank 120 Main St Branch	0.02%	$2,500	Learn More Add Review
Old Second National Bank Joliet Branch	0.02%	$50,000	Learn More Add Review
Pnc Bank, National Association Naperville-Book Road 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)
Old Plank Trail Community Bank, National Association Shorewood Branch	0.02%	$2,500	Learn More Add Review
First Savings Bank Of Hegewisch Frankfort Branch	0.02%	$2,500	Learn More Add Review
The Lemont National Bank Lemont Branch	0.02%	$25,000	Learn More Add Review
Jpmorgan Chase Bank, National Association Shorewood Route 59 Banking Center Br 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)
The Lemont National Bank Lemont Branch	0.02%	$2,500	Learn More Add Review
Pnc Bank, National Association Naperville-Book Road 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 Shorewood Banking Center Branch	0.01%	$500	Learn More
Juan Ricardo \| Nov 12, 2018 Helpful w/$ Read More Reviews (5)
Bmo Bank National Association Caton Farm 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)
Midland States Bank Joliet Il Branch	0.01%	$2,500	Learn More
Mikki9678 \| Nov 3, 2021 If anyone is considering using Midland States Bank for estate or trust planning and administration, I’d urge you to be careful and do your due diligence. I’ll first say that I am a CPA with experience ... Read More Reviews (2)
Providence Bank & Trust Shorewood Branch	0.01%	$2,500	Learn More Add Review
First Merchants Bank Darien Branch	0.01%	$2,500	Learn More
Squittyrules83 \| Sep 6, 2022 DO NOT TRUST THIS BANK. I caught them Ted handed trying to hold my funds through various methods even going so far as to not allow me to transfer my funds to another bank. I've been banking with them for... Read More Reviews (4)
First American Bank Louis Joliet Mall Branch	0.01%	$2,500	Learn More Add Review
The Lemont National Bank Lemont Branch	0.01%	$2,500	Learn More Add Review
Gn Bank Illinois-Service Federal Savings And Branch	0.01%	$2,500	Learn More
Not a Fan \| Jun 26, 2019 On a scale of 1 to 10 GN bank rates a negative 1. While they gladly accept your deposits, they are far from forhright with your withdrawals. Especially if you are withdrawing large sums of money or closing... Read More Reviews (1)

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 Frankfort, Illinois

Branch	Street	City	State
Republic Bank of Chicago 111th Street Naperville Branch	2720 Hassert Blvd.	Naperville	IL
Citibank, National Association Forge Drive Branch	2775 Forgue Dr	Naperville	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
Busey Bank Channahon Il Branch	25407 Bell Road	Channahon	IL
Byline Bank Dupage Branch	535 Ogden Avenue	Downers Grove	IL
U.S. Bank National Association Joliet Junior College Branch	1215 Houbolt Road	Joliet	IL
Busey Bank Channahon Il Branch	25407 Bell Road	Channahon	IL
Woodforest National Bank 0151 Joliet Illinois Wal-Mart Branch	2424 West Jefferson Street	Joliet	IL
BMO Bank National Association Caton Farm Branch	2251 Route 59	Plainfield	IL
Heartland Bank and Trust Company Bank Of Elwood - A Branch Of Bank Of	430 East Mississippi Ave	Elwood	IL
Woodforest National Bank 0151 Joliet Illinois Wal-Mart Branch	2424 West Jefferson Street	Joliet	IL
BMO Bank National Association Caton Farm Branch	2251 Route 59	Plainfield	IL
Woodforest National Bank 0151 Joliet Illinois Wal-Mart Branch	2424 West Jefferson Street	Joliet	IL
Heartland Bank and Trust Company Bank Of Elwood - A Branch Of Bank Of	430 East Mississippi Ave	Elwood	IL
Woodforest National Bank 0151 Joliet Illinois Wal-Mart Branch	2424 West Jefferson Street	Joliet	IL
BMO Bank National Association Caton Farm Branch	2251 Route 59	Plainfield	IL
Wells Fargo Bank, National Association Chicago Central Busness Banking Branch	2 Westbrook Corporate Center	Westchester	IL
BMO Bank National Association Caton Farm Branch	2251 Route 59	Plainfield	IL
Heartland Bank and Trust Company Bank Of Elwood - A Branch Of Bank Of	430 East Mississippi Ave	Elwood	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
Woodforest National Bank 0151 Joliet Illinois Wal-Mart Branch	2424 West Jefferson Street	Joliet	IL
Woodforest National Bank 0151 Joliet Illinois Wal-Mart Branch	2424 West Jefferson Street	Joliet	IL
CNB Bank and Trust, N.A. Palos Heights Branch	12727 South Ridgeland Avenue	Palos Heights	IL
PeopleFirst Bank Peoplefirst Bank Branch	3100 Theodore Street	Joliet	IL
BankFinancial, National Association 1401 N Larkin Ave Branch	1401 North Larkin Avenue	Joliet	IL
United Fidelity Bank, fsb United Fidelity Bank, Fsb Branch	1800 West 87th Street	Chicago	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
Town Center Bank New Lenox Branch	1938 East Lincoln Highway, Suite 101	New Lenox	IL
United Trust Bank United Trust Bank Branch	12330 South Harlem Avenue	Palos Heights	IL
First Secure Bank and Trust Co. First Secure Bank And Trust Co. Branch	10360 South Roberts Road	Palos Hills	IL
Woodforest National Bank 0151 Joliet Illinois Wal-Mart Branch	2424 West Jefferson Street	Joliet	IL
Cathay Bank Chicago -westmont Branch	665 Pasquinelli Drive #b104	Westmont	IL
U.S. Bank National Association Joliet Junior College Branch	1215 Houbolt Road	Joliet	IL
Cathay Bank Chicago -westmont Branch	665 Pasquinelli Drive #b104	Westmont	IL
Lisle Savings Bank 1700 Robin Lane Facility Branch	1700 Robin Lane	Lisle	IL
Old Second National Bank Joliet Branch	850 Essington	Joliet	IL
Town Center Bank New Lenox Branch	1938 East Lincoln Highway, Suite 101	New Lenox	IL
First Secure Bank and Trust Co. First Secure Bank And Trust Co. Branch	10360 South Roberts Road	Palos Hills	IL
Citibank, National Association Forge Drive Branch	2775 Forgue Dr	Naperville	IL
Federated Bank Bradley Branch	327 South Kinzie Avenue	Bradley	IL
BankFinancial, National Association 1401 N Larkin Ave Branch	1401 North Larkin Avenue	Joliet	IL
First Trust Bank of Illinois Bourbonnais Branch	1090 Main Street, N.W.	Bourbonnais	IL
Federated Bank Bradley Branch	327 South Kinzie Avenue	Bradley	IL
Hometown National Bank Joliet Branch	722 Essington Road, Suite A	Joliet	IL
United Fidelity Bank, fsb United Fidelity Bank, Fsb Branch	1800 West 87th Street	Chicago	IL
First American Bank Louis Joliet Mall Branch	3205 Mall Loop Drive	Joliet	IL
Hoyne Savings Bank Harlem Avenue Branch	11139 South Harlem Avenue	Worth	IL
Peoples Bank of Kankakee County Peoples Bank Of Kankakee County Branch	315 Main Street, N.W.	Bourbonnais	IL
PeopleFirst Bank Peoplefirst Bank Branch	3100 Theodore Street	Joliet	IL
Town Center Bank New Lenox Branch	1938 East Lincoln Highway, Suite 101	New Lenox	IL
Beverly Bank & Trust Company, National Association Oak Lawn Bank And Trust Branch	5300 W 95th Street	Oak Lawn	IL
First Trust Bank of Illinois Bourbonnais Branch	1090 Main Street, N.W.	Bourbonnais	IL
Federated Bank Bradley Branch	327 South Kinzie Avenue	Bradley	IL
Old Second National Bank Joliet Branch	850 Essington	Joliet	IL
United Fidelity Bank, fsb United Fidelity Bank, Fsb Branch	1800 West 87th Street	Chicago	IL
Providence Bank & Trust Shorewood Branch	1007 Brook Forest Avenue	Shorewood	IL
Parkway Bank and Trust Company Orland Park Branch	14345 South Lagrange Road	Orland Park	IL
Peoples Bank of Kankakee County Peoples Bank Of Kankakee County Branch	315 Main Street, N.W.	Bourbonnais	IL
Republic Bank of Chicago 111th Street Naperville Branch	2720 Hassert Blvd.	Naperville	IL
Hoyne Savings Bank Harlem Avenue Branch	11139 South Harlem Avenue	Worth	IL
Hometown National Bank Joliet Branch	722 Essington Road, Suite A	Joliet	IL
First Federal Savings Bank Shorewood Branch	801 West Jefferson Street	Shorewood	IL
First Savings Bank of Hegewisch Frankfort Branch	10395 West Lincoln Highway	Frankfort	IL
PeopleFirst Bank Peoplefirst Bank Branch	3100 Theodore Street	Joliet	IL
Town Center Bank New Lenox Branch	1938 East Lincoln Highway, Suite 101	New Lenox	IL
Beverly Bank & Trust Company, National Association Oak Lawn Bank And Trust Branch	5300 W 95th Street	Oak Lawn	IL
First Secure Bank and Trust Co. First Secure Bank And Trust Co. Branch	10360 South Roberts Road	Palos Hills	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
Peoples Bank of Kankakee County Peoples Bank Of Kankakee County Branch	315 Main Street, N.W.	Bourbonnais	IL
FNBC Bank & Trust Western Springs Branch	1013 Burlington Avenue	Western Springs	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
Municipal Trust and Savings Bank Municipal Trust And Savings Bank Branch	720 Main Street, N.W.	Bourbonnais	IL
First Federal Savings Bank Shorewood Branch	801 West Jefferson Street	Shorewood	IL
The Bank of Bourbonnais The Bank Of Bourbonnais Branch	One Heritage Plaza	Bourbonnais	IL
FNBC Bank & Trust Western Springs Branch	1013 Burlington Avenue	Western Springs	IL
BankFinancial, National Association 1401 N Larkin Ave Branch	1401 North Larkin Avenue	Joliet	IL
Byline Bank Dupage Branch	535 Ogden Avenue	Downers Grove	IL
Cathay Bank Chicago -westmont Branch	665 Pasquinelli Drive #b104	Westmont	IL
United Fidelity Bank, fsb United Fidelity Bank, Fsb Branch	1800 West 87th Street	Chicago	IL
First Merchants Bank Darien Branch	8301 South Cass Avenue	Darien	IL
Central Federal Savings and Loan Association La Grange Park Branch	1921 E 31st St.	La Grange Park	IL
Parkway Bank and Trust Company Orland Park Branch	14345 South Lagrange Road	Orland Park	IL
First American Bank Louis Joliet Mall Branch	3205 Mall Loop Drive	Joliet	IL
Hoyne Savings Bank Harlem Avenue Branch	11139 South Harlem Avenue	Worth	IL
Peoples Bank of Kankakee County Peoples Bank Of Kankakee County Branch	315 Main Street, N.W.	Bourbonnais	IL
Municipal Trust and Savings Bank Municipal Trust And Savings Bank Branch	720 Main Street, N.W.	Bourbonnais	IL
First Community Bank and Trust Peotone Branch	650 Wilmington Road	Peotone	IL
First Savings Bank of Hegewisch Frankfort Branch	10395 West Lincoln Highway	Frankfort	IL
PeopleFirst Bank Peoplefirst Bank Branch	3100 Theodore Street	Joliet	IL
United Trust Bank United Trust Bank Branch	12330 South Harlem Avenue	Palos Heights	IL
GN Bank Illinois-Service Federal Savings And Branch	4619 S Martin L King Drive	Chicago	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
Busey Bank Channahon Il Branch	25407 Bell Road	Channahon	IL
U.S. Bank National Association Joliet Junior College Branch	1215 Houbolt Road	Joliet	IL
First Community Bank and Trust Peotone Branch	650 Wilmington Road	Peotone	IL
Marquette Bank Romeoville Branch	1876 W. Airport Rd	Romeoville	IL
Bank of America, National Association Shorewood Branch	1113 Brook Forest Avenue	Shorewood	IL
First Merchants Bank Darien Branch	8301 South Cass Avenue	Darien	IL
Hinsdale Bank & Trust Company, National Association Downers Grove Branch	718 Ogden Ave	Downers Grove	IL
Midland States Bank Joliet Il Branch	1540 Route 59	Joliet	IL
First Bank of Manhattan 550 West North Street Office Branch	550 West North Street	Manhattan	IL
CIBC Bank USA Joliet Branch	1550 Essington Road	Joliet	IL
Old Plank Trail Community Bank, National Association Shorewood Branch	931 Brook Forest Ave	Shorewood	IL
GN Bank Illinois-Service Federal Savings And Branch	4619 S Martin L King Drive	Chicago	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
Hinsdale Bank & Trust Company, National Association Downers Grove Branch	718 Ogden Ave	Downers Grove	IL
Municipal Trust and Savings Bank Municipal Trust And Savings Bank Branch	720 Main Street, N.W.	Bourbonnais	IL
Grundy Bank 120 Main St Branch	120 South Main Street	Wilmington	IL
Old Second National Bank Joliet Branch	850 Essington	Joliet	IL
PNC Bank, National Association Naperville-Book Road Branch	3135 Book Road	Naperville	IL
Old Plank Trail Community Bank, National Association Shorewood Branch	931 Brook Forest Ave	Shorewood	IL
First Savings Bank of Hegewisch Frankfort Branch	10395 West Lincoln Highway	Frankfort	IL
The Lemont National Bank Lemont Branch	310 Main Street	Lemont	IL
JPMorgan Chase Bank, National Association Shorewood Route 59 Banking Center Br Branch	1421 Illinois Route 59	Joliet	IL
The Lemont National Bank Lemont Branch	310 Main Street	Lemont	IL
Wells Fargo Bank, National Association Chicago Central Busness Banking Branch	2 Westbrook Corporate Center	Westchester	IL
PNC Bank, National Association Naperville-Book Road Branch	3135 Book Road	Naperville	IL
Fifth Third Bank, National Association Shorewood Banking Center Branch	251 Brook Forest Avenue	Shorewood	IL
BMO Bank National Association Caton Farm Branch	2251 Route 59	Plainfield	IL
Midland States Bank Joliet Il Branch	1540 Route 59	Joliet	IL
Providence Bank & Trust Shorewood Branch	1007 Brook Forest Avenue	Shorewood	IL
First Merchants Bank Darien Branch	8301 South Cass Avenue	Darien	IL
First American Bank Louis Joliet Mall Branch	3205 Mall Loop Drive	Joliet	IL
The Lemont National Bank Lemont Branch	310 Main Street	Lemont	IL
GN Bank Illinois-Service Federal Savings And Branch	4619 S Martin L King Drive	Chicago	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.