Best Local Bank Savings and Money Market Rates in Wheeling, 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!

Wheeling, IL - June 15, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Republic Bank Of Chicago West Chicago Branch	5.01%	$2,500	Learn More Add Review
Rate History: 5.21% → 5.01%
Citibank, National Association Hoffman Estates 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%
Byline Bank Schaumburg Office Branch	4.00%	$25,000	Learn More Add Review
Rate History: 4.85% → 4.00%
The Huntington National Bank Algonquin 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)
International Bank Of Chicago Stone Park Branch	3.90% 3.60% 2.35%	$250,000 $100,000 $2,500	Learn More
Rate History: 4.65% → 4.60% → 4.34% → 4.15% → 3.90%
Mandy \| May 8, 2021 Location: 5069 N. Broadway Chicago IL 60640 Read More Reviews (5)
Beal Bank Usa Chicago Branch	3.75%	$500	Learn More
Rate History: 4.25% → 3.75%
george \| Feb 9, 2021 The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More Reviews (3)
Beal Bank Usa Chicago Branch	3.50%	$25,000	Learn More
Rate History: 4.00% → 3.50%
george \| Feb 9, 2021 The wonderful assistants at Beal Bank are wonderful. Rebeca took great care of me and made sure all my concerns were addressed. Read More Reviews (3)
U.s. Bank National Association West Dundee 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 Crystal Lake 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 West Dundee 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)
The Federal Savings Bank Lake Forest Branch	2.50%	$2,000	Learn More Add Review
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)
State Bank Of India State Bank Of India Branch	1.50%	$1	Learn More Add Review
Wells Fargo Bank, National Association Schaumburg 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)
International Bank Of Chicago Stone Park Branch	1.00%	$200	Learn More
Rate History: 1.25% → 1.00%
Mandy \| May 8, 2021 Location: 5069 N. Broadway Chicago IL 60640 Read More Reviews (5)
Evergreen Bank Group Evergreen Bank Group Branch	0.50% 0.40% 0.30%	$25,000 $10,000 $2,500	Learn More Add Review
Millennium Bank Millennium Bank Branch	0.50%	$2,500	Learn More Add Review
American Metro Bank American Metro Bank Branch	0.40%	$25,000	Learn More Add Review
Woodforest National Bank Crystal Lake 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)
American Metro Bank American Metro Bank Branch	0.30%	$2,500	Learn More Add Review
North Shore Trust And Savings Sand Lake Branch	0.25%	$2,500	Learn More Add Review
Centrust Bank, National Association Centrust Bank, National Association Branch	0.25%	$2,500	Learn More
RobertJ \| May 10, 2022 Centrust Bank is excellent to do business with. Friendly and experienced bankers. Read More Reviews (1)
Cathay Bank Chicago -westmont Branch	0.25% 0.20%	$1,000,000 $500,000	Learn More Add Review
Mutual Federal Bank Mutual Federal Bank Branch	0.25%	$100	Learn More Add Review
Devon Bank Wheeling Branch	0.25%	$25,000	Learn More Add Review
The Federal Savings Bank Lake Forest Branch	0.25%	$100	Learn More Add Review
U.s. Bank National Association West Dundee 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)
Cibm Bank Avenue Bank Branch	0.20%	$25,000	Learn More
theee \| Dec 26, 2017 Good people to deal with. Competitive rates better than CEFCU. Easy in/out processing of CD's & MM. Read More Reviews (1)
First State Bank First State Bank Branch	0.20%	$2,500	Learn More Add Review
Centrust Bank, National Association Centrust Bank, National Association Branch	0.20%	$10,000	Learn More
RobertJ \| May 10, 2022 Centrust Bank is excellent to do business with. Friendly and experienced bankers. Read More Reviews (1)
Pan American Bank & Trust Palatine Il Branch	0.20%	$2,500	Learn More Add Review
Community Bank Of Elmhurst Lexington Square Branch	0.20%	$25,000	Learn More Add Review
Devon Bank Wheeling Branch	0.20%	$1	Learn More Add Review
Brickyard Bank Brickyard Bank Branch	0.20%	$25,000	Learn More Add Review
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
First State Bank First State Bank Branch	0.15%	$2,500	Learn More Add Review
Home State Bank, National Association Mchenry Banking Center Branch	0.15%	$25,000	Learn More Add Review
Centrust Bank, National Association Centrust Bank, National Association Branch	0.15%	$2,500	Learn More
RobertJ \| May 10, 2022 Centrust Bank is excellent to do business with. Friendly and experienced bankers. Read More Reviews (1)
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
Forest Park National Bank And Trust Company Forest Park National Bank And Trust Branch	0.15%	$25,000	Learn More Add Review
Community Bank Of Elmhurst Lexington Square Branch	0.15%	$2,500	Learn More Add Review
Grand Ridge National Bank Grand Ridge National Bank Branch	0.15%	$100	Learn More Add Review
First American Bank Dundee Branch	0.15%	$25,000	Learn More Add Review
Hoyne Savings Bank 699 W Dundee Rd 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 Johnsburg Facility Branch	0.15%	$25,000	Learn More
Retired \| Feb 16, 2021 No longer offered even though it’s shown here Read More Reviews (1)
Armed Forces Bank, National Association Burkey Mall Branch	0.15%	$25,000	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Devon Bank Wheeling Branch	0.15%	$100	Learn More Add Review
Brickyard Bank Brickyard Bank Branch	0.15%	$10,000	Learn More Add Review
Millennium Bank Millennium Bank Branch	0.15%	$2,500	Learn More Add Review
Community Savings Bank West Belmont Branch	0.15%	$25,000	Learn More Add Review
Amg National Trust Bank Chicago Branch	0.15%	$10,000	Learn More Add Review
American Metro Bank American Metro Bank Branch	0.15%	$2,500	Learn More Add Review
Cibm Bank Avenue Bank Branch	0.10%	$10,000	Learn More
theee \| Dec 26, 2017 Good people to deal with. Competitive rates better than CEFCU. Easy in/out processing of CD's & MM. Read More Reviews (1)
American Community Bank & Trust Mchenry Branch	0.10%	$2,500	Learn More Add Review
North Shore Bank, Fsb Illinois State Bank Mchenry Branch	0.10%	$25,000	Learn More Add Review
Home State Bank, National Association Mchenry Banking Center Branch	0.10%	$2,500	Learn More Add Review
Armed Forces Bank, National Association Burkey Mall Branch	0.10%	$2,500	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Forest Park National Bank And Trust Company Forest Park National Bank And Trust Branch	0.10%	$1	Learn More Add Review
Grand Ridge National Bank Grand Ridge National Bank Branch	0.10%	$1	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
Providence Bank & Trust Wheaton Branch	0.10%	$25,000	Learn More Add Review
Parkway Bank And Trust Company Streamwood 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)
Republic Bank Of Chicago West Chicago Branch	0.10%	$25	Learn More Add Review
Hoyne Savings Bank 699 W Dundee Rd 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 Johnsburg Facility 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
Brickyard Bank Brickyard Bank Branch	0.10%	$2,500	Learn More Add Review
Community Savings Bank West Belmont 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
Cibm Bank Avenue Bank Branch	0.08%	$2,500	Learn More
theee \| Dec 26, 2017 Good people to deal with. Competitive rates better than CEFCU. Easy in/out processing of CD's & MM. Read More Reviews (1)
North Shore Bank, Fsb Illinois State Bank Mchenry Branch	0.08%	$10,000	Learn More Add Review
Home State Bank, National Association Mchenry Banking Center 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 West Chicago 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
First National Bank Of Brookfield First National Bank Of Brookfield Branch	0.07%	$25,000	Learn More Add Review
North Shore Bank, Fsb Illinois State Bank Mchenry Branch	0.06%	$2,500	Learn More Add Review
The Huntington National Bank Algonquin 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)
American Community Bank & Trust Mchenry Branch	0.05%	$2,500	Learn More Add Review
North Shore Bank, Fsb Illinois State Bank Mchenry Branch	0.05%	$2,500	Learn More Add Review
Belmont Bank & Trust Company Belmont Bank & Trust Company Branch	0.05%	$2,500	Learn More Add Review
Fnbc Bank & Trust West Chicago Branch	0.05%	$2,500	Learn More Add Review
Armed Forces Bank, National Association Burkey Mall Branch	0.05%	$2,500	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Lake Forest Bank & Trust Company, National Association Wlf 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
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
Cathay Bank Chicago -westmont Branch	0.05%	$50,000	Learn More Add Review
Forest Park National Bank And Trust Company Forest Park National Bank And Trust Branch	0.05%	$1,000	Learn More Add Review
Cornerstone National Bank & Trust Company Lake Zurich Branch	0.05%	$2,500	Learn More Add Review
Central Federal Savings And Loan Association La Grange Park Branch	0.05%	$1,000	Learn More Add Review
First Eagle Bank Hanover Park Branch	0.05%	$100	Learn More Add Review
Parkway Bank And Trust Company Streamwood 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)
Community Bank Of Elmhurst Lexington Square Branch	0.05%	$2,500	Learn More Add Review
First American Bank Dundee Branch	0.05%	$2,500	Learn More Add Review
Lakeside Bank Lakeview/Lincoln Park Branch	0.05%	$500	Learn More
grudge \| Aug 21, 2019 this bank does not honor rates they publish.. stay away Read More Reviews (2)
Itasca Bank & Trust Co. Roselle Il Branch	0.05%	$2,500	Learn More Add Review
Hoyne Savings Bank 699 W Dundee Rd 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 Johnsburg Facility Branch	0.05%	$2,500	Learn More
Retired \| Feb 16, 2021 No longer offered even though it’s shown here Read More Reviews (1)
Union National Bank And Trust Company Of Elgin Union National Bank And Trust Compan Branch	0.05%	$10,000	Learn More Add Review
Liberty Bank For Savings Park Ridge Office Branch	0.05%	$2,500	Learn More
Doug \| Aug 22, 2017 $100K min on new CD's. They will not bend. So had to take $170K to another bank, now @ 2.5%. Read More Reviews (1)
Community Savings Bank West Belmont Branch	0.05%	$2,500	Learn More Add Review
Amg National Trust Bank Chicago Branch	0.05%	$2,500	Learn More Add Review
Heritage Bank Of Schaumburg Heritage Bank Of Schaumburg Branch	0.05%	$2,500	Learn More Add Review
First National Bank Of Brookfield First National Bank Of Brookfield Branch	0.05%	$10,000	Learn More Add Review
Cibm Bank Avenue Bank Branch	0.04%	$2,500	Learn More
theee \| Dec 26, 2017 Good people to deal with. Competitive rates better than CEFCU. Easy in/out processing of CD's & MM. Read More Reviews (1)
Bank Of America, National Association West Dundee 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 Mchenry Bank And Trust Branch	0.03%	$2,500	Learn More Add Review
Associated Bank, National Association Elgin Branch	0.03%	$25,000	Learn More Add Review
Hinsdale Bank & Trust Company, National Association Downers Grove Branch	0.03%	$10,000	Learn More Add Review
St. Charles Bank & Trust Company, National Association Summit Branch	0.03%	$10,000	Learn More Add Review
Cibc Bank Usa Oak Brook 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
Wintrust Bank, National Association Mont Clare Branch	0.03%	$10,000	Learn More
business owner \| Feb 21, 2019 Please read this for all small business owners. Do NOT use wintrust for any small business loans. They drained me for over 2 months, and I constantly had to contact them to see what is up. We were told ... Read More Reviews (1)
Village Bank And Trust, National Association Luther Village Branch	0.03%	$10,000	Learn More Add Review
Belmont Bank & Trust Company Belmont Bank & Trust Company Branch	0.03%	$2,500	Learn More Add Review
First National Bank Of Brookfield First National Bank Of Brookfield Branch	0.03%	$2,500	Learn More Add Review
Crystal Lake Bank And Trust Company, National Association Mchenry Bank And Trust Branch	0.02%	$2,500	Learn More Add Review
Associated Bank, National Association Elgin Branch	0.02%	$10,000	Learn More Add Review
Hinsdale Bank & Trust Company, National Association Downers 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 Summit 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 Village Quarter Rd & Rt 31 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)
Wintrust Bank, National Association Mont Clare Branch	0.02%	$2,500	Learn More
business owner \| Feb 21, 2019 Please read this for all small business owners. Do NOT use wintrust for any small business loans. They drained me for over 2 months, and I constantly had to contact them to see what is up. We were told ... 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 Dunham 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 Village Quarter Rd & Rt 31 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 Carpentersville Bc Branch	0.01%	$500	Learn More
Juan Ricardo \| Nov 12, 2018 Helpful w/$ Read More Reviews (5)
Bmo Bank National Association West Dundee 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 Elgin Branch	0.01%	$2,500	Learn More Add Review
Providence Bank & Trust Wheaton Branch	0.01%	$2,500	Learn More Add Review
First American Bank Dundee Branch	0.01%	$2,500	Learn More Add Review
Liberty Bank For Savings Park Ridge Office Branch	0.01%	$2,500	Learn More
Doug \| Aug 22, 2017 $100K min on new CD's. They will not bend. So had to take $170K to another bank, now @ 2.5%. 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 Wheeling, IL - June 15, 2025

Branch	Street	City	State
Republic Bank of Chicago West Chicago Branch	101 Main Street	West Chicago	IL
Citibank, National Association Hoffman Estates Branch	2550 N Sutton Road	Hoffman Estates	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
Byline Bank Schaumburg Office Branch	10 N Martingal Rd Suite 100	Schaumburg	IL
The Huntington National Bank Algonquin Branch	2045 East Algonquin Road	Algonquin	IL
International Bank of Chicago Stone Park Branch	1860 North Mannheim Road	Stone Park	IL
Beal Bank USA Chicago Branch	3232 Lake Avenue, Suite 200	Wilmette	IL
International Bank of Chicago Stone Park Branch	1860 North Mannheim Road	Stone Park	IL
Beal Bank USA Chicago Branch	3232 Lake Avenue, Suite 200	Wilmette	IL
U.S. Bank National Association West Dundee Branch	704 West Main Street	West Dundee	IL
Woodforest National Bank Crystal Lake Wal-Mart Branch	1205 Il Route 31 South	Crystal Lake	IL
BMO Bank National Association West Dundee Branch	720 South Eighth Street (Route 31)	West Dundee	IL
The Federal Savings Bank Lake Forest Branch	664 N. Western Avenue	Lake Forest	IL
International Bank of Chicago Stone Park Branch	1860 North Mannheim Road	Stone Park	IL
Woodforest National Bank Crystal Lake Wal-Mart Branch	1205 Il Route 31 South	Crystal Lake	IL
BMO Bank National Association West Dundee Branch	720 South Eighth Street (Route 31)	West Dundee	IL
Woodforest National Bank Crystal Lake Wal-Mart Branch	1205 Il Route 31 South	Crystal Lake	IL
State Bank of India State Bank Of India Branch	19 South Lasalle Street, 2nd Floor	Chicago	IL
Woodforest National Bank Crystal Lake Wal-Mart Branch	1205 Il Route 31 South	Crystal Lake	IL
BMO Bank National Association West Dundee Branch	720 South Eighth Street (Route 31)	West Dundee	IL
Wells Fargo Bank, National Association Schaumburg Branch	210 South Roselle Road	Schaumburg	IL
International Bank of Chicago Stone Park Branch	1860 North Mannheim Road	Stone Park	IL
BMO Bank National Association West Dundee Branch	720 South Eighth Street (Route 31)	West Dundee	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
Millennium Bank Millennium Bank Branch	2077 Miner Street	Des Plaines	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
American Metro Bank American Metro Bank Branch	4878 North Broadway	Chicago	IL
Woodforest National Bank Crystal Lake Wal-Mart Branch	1205 Il Route 31 South	Crystal Lake	IL
Woodforest National Bank Crystal Lake Wal-Mart Branch	1205 Il Route 31 South	Crystal Lake	IL
Evergreen Bank Group Evergreen Bank Group Branch	1515 West 22nd Street, Suite 100w	Oak Brook	IL
American Metro Bank American Metro Bank Branch	4878 North Broadway	Chicago	IL
North Shore Trust and Savings Sand Lake Branch	3060 W. Sand Lake Road	Lindenhurst	IL
Woodforest National Bank Crystal Lake Wal-Mart Branch	1205 Il Route 31 South	Crystal Lake	IL
SmartBiz Bank, National Association Centrust Bank, National Association Branch	385 Waukegan Road	Northbrook	IL
Cathay Bank Chicago -westmont Branch	665 Pasquinelli Drive #b104	Westmont	IL
Mutual Federal Bank Mutual Federal Bank Branch	2212 West Cermak Road	Chicago	IL
Devon Bank Wheeling Branch	561 North Milwaukee Avenue	Wheeling	IL
The Federal Savings Bank Lake Forest Branch	664 N. Western Avenue	Lake Forest	IL
U.S. Bank National Association West Dundee Branch	704 West Main Street	West Dundee	IL
CIBM Bank Avenue Bank Branch	330 S. Naperville Road	Wheaton	IL
Cathay Bank Chicago -westmont Branch	665 Pasquinelli Drive #b104	Westmont	IL
First State Bank First State Bank Branch	426 Army Trail Road	Carol Stream	IL
SmartBiz Bank, National Association Centrust Bank, National Association Branch	385 Waukegan Road	Northbrook	IL
Pan American Bank & Trust Palatine Il Branch	One East Northwest Highway	Palatine	IL
Community Bank of Elmhurst Lexington Square Branch	400 W. Butterfield Rd.	Elmhurst	IL
Devon Bank Wheeling Branch	561 North Milwaukee Avenue	Wheeling	IL
Brickyard Bank Brickyard Bank Branch	6676 North Lincoln Avenue	Lincolnwood	IL
Citibank, National Association Hoffman Estates Branch	2550 N Sutton Road	Hoffman Estates	IL
First State Bank First State Bank Branch	426 Army Trail Road	Carol Stream	IL
Home State Bank, National Association Mchenry Banking Center Branch	4401 Prime Parkway	Mchenry	IL
SmartBiz Bank, National Association Centrust Bank, National Association Branch	385 Waukegan Road	Northbrook	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
Forest Park National Bank and Trust Company Forest Park National Bank And Trust Branch	7348 West Madison Street	Forest Park	IL
Community Bank of Elmhurst Lexington Square Branch	400 W. Butterfield Rd.	Elmhurst	IL
Grand Ridge National Bank Grand Ridge National Bank Branch	27w111 Geneva Road	Winfield	IL
First American Bank Dundee Branch	218 West Main Street	Dundee	IL
Hoyne Savings Bank 699 W Dundee Rd Branch	699 West Dundee Road	Wheeling	IL
First Secure State Bank Johnsburg Facility Branch	3503 North Chapel Hill Road	Johnsburg	IL
Armed Forces Bank, National Association Burkey Mall Branch	3542 Green Bay Road	Great Lakes	IL
Devon Bank Wheeling Branch	561 North Milwaukee Avenue	Wheeling	IL
Brickyard Bank Brickyard Bank Branch	6676 North Lincoln Avenue	Lincolnwood	IL
Millennium Bank Millennium Bank Branch	2077 Miner Street	Des Plaines	IL
Community Savings Bank West Belmont Branch	4824 West Belmont Avenue	Chicago	IL
AMG National Trust Bank Chicago Branch	180 North La Salle Street	Chicago	IL
American Metro Bank American Metro Bank Branch	4878 North Broadway	Chicago	IL
CIBM Bank Avenue Bank Branch	330 S. Naperville Road	Wheaton	IL
American Community Bank & Trust Mchenry Branch	1500 State Route 31	Mchenry	IL
North Shore Bank Illinois State Bank Mchenry Branch	1689 Curran Road	Mchenry	IL
Home State Bank, National Association Mchenry Banking Center Branch	4401 Prime Parkway	Mchenry	IL
Armed Forces Bank, National Association Burkey Mall Branch	3542 Green Bay Road	Great Lakes	IL
Forest Park National Bank and Trust Company Forest Park National Bank And Trust Branch	7348 West Madison Street	Forest Park	IL
Grand Ridge National Bank Grand Ridge National Bank Branch	27w111 Geneva Road	Winfield	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
Providence Bank & Trust Wheaton Branch	1051 East Roosevelt Road	Wheaton	IL
Parkway Bank and Trust Company Streamwood Branch	101 South Sutton Road	Streamwood	IL
Republic Bank of Chicago West Chicago Branch	101 Main Street	West Chicago	IL
Hoyne Savings Bank 699 W Dundee Rd Branch	699 West Dundee Road	Wheeling	IL
First Secure State Bank Johnsburg Facility Branch	3503 North Chapel Hill Road	Johnsburg	IL
Northbrook Bank and Trust Company, National Association Buffalo Grove Branch	200 North Buffalo Grove Road	Buffalo Grove	IL
Brickyard Bank Brickyard Bank Branch	6676 North Lincoln Avenue	Lincolnwood	IL
Community Savings Bank West Belmont Branch	4824 West Belmont Avenue	Chicago	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
CIBM Bank Avenue Bank Branch	330 S. Naperville Road	Wheaton	IL
North Shore Bank Illinois State Bank Mchenry Branch	1689 Curran Road	Mchenry	IL
Home State Bank, National Association Mchenry Banking Center Branch	4401 Prime Parkway	Mchenry	IL
First Eagle Bank Hanover Park Branch	1040 East Lake Street	Hanover Park	IL
FNBC Bank & Trust West Chicago Branch	600 East Washington Street	West Chicago	IL
Heritage Bank of Schaumburg Heritage Bank Of Schaumburg Branch	1535 Schaumburg Road	Schaumburg	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
North Shore Bank Illinois State Bank Mchenry Branch	1689 Curran Road	Mchenry	IL
The Huntington National Bank Algonquin Branch	2045 East Algonquin Road	Algonquin	IL
American Community Bank & Trust Mchenry Branch	1500 State Route 31	Mchenry	IL
North Shore Bank Illinois State Bank Mchenry Branch	1689 Curran Road	Mchenry	IL
Belmont Bank & Trust Company Belmont Bank & Trust Company Branch	8250 West Belmont Avenue	Chicago	IL
FNBC Bank & Trust West Chicago Branch	600 East Washington Street	West Chicago	IL
Armed Forces Bank, National Association Burkey Mall Branch	3542 Green Bay Road	Great Lakes	IL
Lake Forest Bank & Trust Company, National Association Wlf Branch	959 South Waukegan Road	Lake Forest	IL
Northbrook Bank and Trust Company, National Association Buffalo Grove Branch	200 North Buffalo Grove Road	Buffalo Grove	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
Cathay Bank Chicago -westmont Branch	665 Pasquinelli Drive #b104	Westmont	IL
Forest Park National Bank and Trust Company Forest Park National Bank And Trust Branch	7348 West Madison Street	Forest Park	IL
Cornerstone National Bank & Trust Company Lake Zurich Branch	585 Ela Rd	Lake Zurich	IL
Central Federal Savings and Loan Association La Grange Park Branch	1921 E 31st St.	La Grange Park	IL
First Eagle Bank Hanover Park Branch	1040 East Lake Street	Hanover Park	IL
Parkway Bank and Trust Company Streamwood Branch	101 South Sutton Road	Streamwood	IL
Community Bank of Elmhurst Lexington Square Branch	400 W. Butterfield Rd.	Elmhurst	IL
First American Bank Dundee Branch	218 West Main Street	Dundee	IL
Lakeside Bank Lakeview/Lincoln Park Branch	2800 N Ashland Ave	Chicago	IL
Itasca Bank & Trust Co. Roselle Il Branch	One East Irving Park Road	Roselle	IL
Hoyne Savings Bank 699 W Dundee Rd Branch	699 West Dundee Road	Wheeling	IL
First Secure State Bank Johnsburg Facility Branch	3503 North Chapel Hill Road	Johnsburg	IL
Union National Bank and Trust Company of Elgin Union National Bank And Trust Compan Branch	101 East Chicago Street	Elgin	IL
Liberty Bank for Savings Park Ridge Office Branch	1018 West Touhy Avenue	Park Ridge	IL
Community Savings Bank West Belmont Branch	4824 West Belmont Avenue	Chicago	IL
AMG National Trust Bank Chicago Branch	180 North La Salle Street	Chicago	IL
Heritage Bank of Schaumburg Heritage Bank Of Schaumburg Branch	1535 Schaumburg Road	Schaumburg	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
U.S. Bank National Association West Dundee Branch	704 West Main Street	West Dundee	IL
CIBM Bank Avenue Bank Branch	330 S. Naperville Road	Wheaton	IL
Bank of America, National Association West Dundee Branch	315 North Eighth Street	West Dundee	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 Mchenry Bank And Trust Branch	2205 N. Richmond Road	Mchenry	IL
Associated Bank, National Association Elgin Branch	16 North Spring Street	Elgin	IL
Hinsdale Bank & Trust Company, National Association Downers Grove Branch	718 Ogden Ave	Downers Grove	IL
St. Charles Bank & Trust Company, National Association Summit Branch	445 Summit Street	Elgin	IL
CIBC Bank USA Oak Brook Branch	1110 Jorie Boulevard	Oak Brook	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
Wintrust Bank, National Association Mont Clare Branch	3050 North Harlem Avenue	Chicago	IL
Village Bank and Trust, National Association Luther Village Branch	1250 Village Drive	Arlington Heights	IL
Belmont Bank & Trust Company Belmont Bank & Trust Company Branch	8250 West Belmont Avenue	Chicago	IL
First National Bank of Brookfield First National Bank Of Brookfield Branch	9136 Washington Avenue	Brookfield	IL
Crystal Lake Bank and Trust Company, National Association Mchenry Bank And Trust Branch	2205 N. Richmond Road	Mchenry	IL
Associated Bank, National Association Elgin Branch	16 North Spring Street	Elgin	IL
Hinsdale Bank & Trust Company, National Association Downers Grove Branch	718 Ogden Ave	Downers 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 Summit Branch	445 Summit Street	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 Village Quarter Rd & Rt 31 Branch	390 S Eighth St.	West Dundee	IL
Wintrust Bank, National Association Mont Clare Branch	3050 North Harlem Avenue	Chicago	IL
Village Bank and Trust, National Association Luther Village Branch	1250 Village Drive	Arlington Heights	IL
JPMorgan Chase Bank, National Association Dunham Branch	520 Dunham Road	St. Charles	IL
Wells Fargo Bank, National Association Schaumburg Branch	210 South Roselle Road	Schaumburg	IL
PNC Bank, National Association Village Quarter Rd & Rt 31 Branch	390 S Eighth St.	West Dundee	IL
Fifth Third Bank, National Association Carpentersville Bc Branch	154 S Western Avenue	Carpentersville	IL
BMO Bank National Association West Dundee Branch	720 South Eighth Street (Route 31)	West Dundee	IL
Associated Bank, National Association Elgin Branch	16 North Spring Street	Elgin	IL
Providence Bank & Trust Wheaton Branch	1051 East Roosevelt Road	Wheaton	IL
First American Bank Dundee Branch	218 West Main Street	Dundee	IL
Liberty Bank for Savings Park Ridge Office Branch	1018 West Touhy Avenue	Park Ridge	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.