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Illinois Savings Rates 2017

If you have your savings dollars in a bank with low savings rates, then you are losing real money. With the magic of compounding interest, even an interest rate difference under 1% can really add up over time. See our Savings Booster Calculator to see why you should seek out a higher interest rate. The table below has an unbiased list of the savings and money market account rates of FDIC-insured banks that are near your current location (if they aren’t, then change the zip code above). Take a few minutes to explore these options and see how you can boost your savings by more than 6X the national average rate. You may also want to check credit unions near you or online banks by navigating through the tabs above. There is competition for your money. Take advantage of it!

IL - January 17, 2017

Savings Account National Average Rate: 0.13% ?

BANKS APY Vs. Nat'l Av. MIN MILES ?
South Central Bank, National Association 1.25% 10.00x $25,000 -
Beardstown Savings s.b. 1.06% 8.48x $10,000 -
Reynolds State Bank 0.85% 6.80x $2,500 -
Washington Federal Bank For Savings 0.75% 6.00x $1,000 -
Royal Savings Bank 0.75% 6.00x $20,000 -
Reynolds State Bank 0.75% 6.00x $1,000 -
The City National Bank of Metropolis 0.70% 5.60x $2,500 -
Liberty Bank and Trust Company 0.65% 5.20x $1 -
State Bank of the Lakes 0.65% 5.20x $200 -
Beverly Bank & Trust Company, National Association 0.65% 5.20x $200 -
Bank of Farmington 0.65% 5.20x $25,000 -
Lake Forest Bank and Trust Company 0.65% 5.20x $200 -
Schaumburg Bank & Trust Company, National Association 0.65% 5.20x $200 -
Beal Bank USA 0.61% 4.88x $25,000 -
Bank of Farmington 0.60% 4.80x $5,000 -
State Bank of Speer 0.56% 4.48x $500 -
Evergreen Bank Group 0.55% 4.40x $25,000 -
Republic Bank of Chicago 0.51% 4.09x $10,000 -
Grand Rivers Community Bank 0.51% 4.08x $100 -
Mutual Federal Bank 0.50% 4.00x $2,500 -
Union National Bank and Trust Company of Elgin 0.50% 4.00x $25,001 -
Preferred Bank 0.50% 4.00x $10,000 -
Royal Savings Bank 0.50% 4.00x $10,000 -
McHenry Savings Bank 0.50% 4.00x $1,000 -
The Havana National Bank 0.50% 4.00x $25,000 -
First National Bank in Taylorville 0.50% 4.00x $2,500 -
American Enterprise Bank 0.50% 4.00x $25,000 -
Washington Federal Bank For Savings 0.50% 4.00x $50 -
The City National Bank of Metropolis 0.50% 4.00x $100 -
Home Federal Savings and Loan Association of Collinsville 0.50% 4.00x $10,001 -
Savanna-Thomson State Bank 0.50% 4.00x $20,000 -
Evergreen Bank Group 0.50% 4.00x $100 -
Northwest Bank of Rockford 0.50% 4.00x $10,000 -
Southern Illinois Bank 0.45% 3.60x $25,000 -
State Bank of Saunemin 0.45% 3.60x $25,000 -
Pacific Global Bank 0.45% 3.60x $25,000 -
First Community Bank, Xenia-Flora 0.42% 3.36x $25,000 -
Raritan State Bank 0.40% 3.20x $1,500 -
Tompkins State Bank 0.40% 3.20x $25,000 -
The First National Bank of Kinmundy 0.40% 3.20x $1 -
First Savanna Savings Bank 0.40% 3.20x $2,501 -
West Town Bank & Trust 0.40% 3.20x $25,001 -
First Secure Community Bank 0.40% 3.20x $25,000 -
Community State Bank of Rock Falls 0.35% 2.80x $100 -
Farmers State Bank of Medora 0.35% 2.80x $50 -
Casey State Bank 0.35% 2.80x $2,500 -
First State Bank of St. Peter 0.35% 2.80x $10 -
Bank of Rantoul 0.35% 2.80x $10,000 -
Preferred Bank 0.35% 2.80x $2,000 -
Allied First Bank,sb 0.35% 2.80x $25,000 -
Midland Community Bank 0.35% 2.80x $25,000 -
Savanna-Thomson State Bank 0.35% 2.80x $2,500 -
Raritan State Bank 0.35% 2.80x $10 -
The First National Bank in Amboy 0.35% 2.80x $100 -
First National Bank in Taylorville 0.35% 2.80x $100 -
American Enterprise Bank 0.35% 2.80x $25,000 -
Southern Illinois Bank 0.35% 2.80x $10,000 -
State Bank of Toulon 0.35% 2.80x $50 -
Tompkins State Bank 0.35% 2.80x $1 -
First Community Bank, Xenia-Flora 0.35% 2.80x $10,000 -
The First National Bank in Staunton 0.31% 2.48x $25,000 -
First National Bank of Waterloo 0.30% 2.40x $50 -
Pulaski Savings Bank 0.30% 2.40x $50 -
The Bradford National Bank of Greenville 0.30% 2.40x $25,000 -
International Bank of Chicago 0.30% 2.40x $2,500 -
State Bank of Graymont 0.30% 2.40x $25,000 -
Collinsville Building and Loan Association 0.30% 2.40x $25,000 -
Central State Bank 0.30% 2.40x $25,000 -
Chesterfield State Bank 0.30% 2.40x $25 -
National Bank 0.30% 2.40x $20,000 -
Tompkins State Bank 0.30% 2.40x $1,000 -
The Havana National Bank 0.30% 2.40x $5,000 -
South Central Bank, National Association 0.30% 2.40x $50,001 -
First State Bank 0.30% 2.40x $25 -
Anna State Bank 0.30% 2.40x $10,000 -
Beardstown Savings s.b. 0.30% 2.40x $50 -
Preferred Bank 0.30% 2.40x $1 -
Flanagan State Bank 0.30% 2.40x $25,000 -
Providence Bank 0.30% 2.40x $1 -
Pacific Global Bank 0.30% 2.40x $2,000 -
Evergreen Bank Group 0.30% 2.40x $10,000 -
First Federal Savings and Loan Association of Central Illinois 0.30% 2.40x $100 -
Streator Home Savings Bank 0.30% 2.40x $25 -
Community Bank of Trenton 0.30% 2.40x $25,000 -
Midland Community Bank 0.30% 2.40x $2,500 -
Fayette County Bank 0.30% 2.40x $25,000 -
Millennium Bank 0.30% 2.40x $25,000 -
CBI Bank & Trust 0.30% 2.40x $25,000 -
Lisle Savings Bank 0.30% 2.40x $1 -
The Federal Savings Bank 0.30% 2.40x $25,000 -
The First National Bank of McHenry 0.30% 2.40x $25,000 -
The Peoples State Bank of Newton, Illinois 0.30% 2.40x $1 -
First Community Bank, Xenia-Flora 0.29% 2.32x $2,500 -
United Trust Bank 0.28% 2.24x $25,000 -
Carrollton Bank 0.27% 2.16x $10,000 -
First Secure Bank and Trust Co. 0.26% 2.08x $25,001 -
First National Bank of Waterloo 0.25% 2.00x $10,000 -
Pan American Bank 0.25% 2.00x $25,000 -
The Bradford National Bank of Greenville 0.25% 2.00x $1 -
The First State Bank of Dongola 0.25% 2.00x $1 -
First National Bank in Georgetown 0.25% 2.00x $25,000 -
Merchants and Manufacturers Bank 0.25% 2.00x $25,000 -
Crossroads Bank 0.25% 2.00x $20,000 -
Union National Bank and Trust Company of Elgin 0.25% 2.00x $2,501 -
Vermilion Valley Bank 0.25% 2.00x $1,000 -
Milford Building and Loan Association 0.25% 2.00x $5 -
Delaware Place Bank 0.25% 2.00x $250 -
Bank of Stronghurst 0.25% 2.00x $10,000 -
Midwest Bank 0.25% 2.00x $25,000 -
Petefish, Skiles & Co. 0.25% 2.00x $10,000 -
BankFinancial, FSB 0.25% 2.00x $10,000 -
National Bank 0.25% 2.00x $2,500 -
Jacksonville Savings Bank 0.25% 2.00x $25,000 -
The Farmers National Bank 0.25% 2.00x $25,000 -
North County Savings Bank 0.25% 2.00x $2,500 -
State Bank of Waterloo 0.25% 2.00x $1 -
Bank of Gibson City 0.25% 2.00x $5,000 -
Ipava State Bank 0.25% 2.00x $1 -
Eureka Savings Bank 0.25% 2.00x $25,000 -
Apple River State Bank 0.25% 2.00x $1 -
Streator Home Savings Bank 0.25% 2.00x $2,500 -
First Community Bank of Hillsboro 0.25% 2.00x $100 -
The First National Bank of McHenry 0.25% 2.00x $10,000 -
The First National Bank of Brownstown 0.25% 2.00x $25 -
Casey State Bank 0.25% 2.00x $50 -
The Bank of Herrin 0.25% 2.00x $25,000 -
The Havana National Bank 0.25% 2.00x $2,500 -
Holcomb State Bank 0.25% 2.00x $25,000 -
Anderson State Bank 0.25% 2.00x $1 -
The Farmers Bank of Mt. Pulaski 0.25% 2.00x $10,000 -
Providence Bank 0.25% 2.00x $1 -
First FSB of Mascoutah 0.25% 2.00x $500 -
Rochester State Bank 0.25% 2.00x $50 -
First Security Trust and Savings Bank 0.25% 2.00x $100 -
West Town Bank & Trust 0.25% 2.00x $10,001 -
State Bank of Speer 0.25% 2.00x $10 -
Security Savings Bank 0.25% 2.00x $25 -
Bank of Yates City 0.25% 2.00x $2,500 -
Middletown State Bank 0.25% 2.00x $10,000 -
The Bank of Carbondale 0.25% 2.00x $100 -
Millennium Bank 0.25% 2.00x $1,000 -
The First National Bank of Barry 0.25% 2.00x $2,500 -
Durand State Bank 0.25% 2.00x $1,000 -
Joy State Bank 0.25% 2.00x $100 -
Federated Bank 0.25% 2.00x $25,001 -
American Enterprise Bank 0.25% 2.00x $1 -
Southern Illinois Bank 0.25% 2.00x $10,000 -
Vermont State Bank 0.25% 2.00x $25 -
LincolnWay Community Bank 0.25% 2.00x $25,000 -
The Leaders Bank 0.25% 2.00x $200 -
First State Bank of Beecher City 0.25% 2.00x $10 -
Beal Bank USA 0.25% 2.00x $500 -
Marseilles Bank 0.25% 2.00x $2,500 -
First Savings Bank 0.25% 2.00x $100 -
Bank of Chestnut 0.25% 2.00x $2,500 -
First Nations Bank 0.25% 2.00x $1 -
Citizens Community Bank 0.25% 2.00x $1 -
Pioneer State Bank 0.25% 2.00x $10,000 -
First Savanna Savings Bank 0.25% 2.00x $50 -
First Trust & Savings Bank of Albany, Illinois 0.25% 2.00x $1 -
Bank of Pontiac 0.25% 2.00x $25,000 -
The First National Bank of Assumption 0.25% 2.00x $1 -
American Metro Bank 0.25% 2.00x $10,000 -
South Porte Bank 0.25% 2.00x $10,000 -
Tempo Bank, A Federal Savings Bank 0.25% 2.00x $25,000 -
State Bank of Texas 0.25% 2.00x $25,000 -
Collinsville Building and Loan Association 0.25% 2.00x $10,000 -
The Federal Savings Bank 0.25% 2.00x $1 -
Security National Bank 0.25% 2.00x $2,500 -
State Bank of Toulon 0.24% 1.92x $25,000 -
La Salle State Bank 0.22% 1.76x $25,000 -
United Trust Bank 0.22% 1.76x $20,000 -
The First National Bank in Staunton 0.21% 1.68x $15,000 -
The First National Bank of Ava 0.21% 1.68x $100 -
Durand State Bank 0.20% 1.60x $25,000 -
Oakdale State Bank 0.20% 1.60x $20 -
Teutopolis State Bank 0.20% 1.60x $1 -
Holcomb State Bank 0.20% 1.60x $10,000 -
Brickyard Bank 0.20% 1.60x $500 -
Southern Illinois Bank 0.20% 1.60x $1 -
First National Bank of Waterloo 0.20% 1.60x $1,000 -
Central Bank Illinois 0.20% 1.60x $25,000 -
First Personal Bank 0.20% 1.60x $25,000 -
Union National Bank and Trust Company of Elgin 0.20% 1.60x $200 -
The Fairfield National Bank 0.20% 1.60x $1 -
The Bradford National Bank of Greenville 0.20% 1.60x $2,500 -
International Bank of Chicago 0.20% 1.60x $200 -
Byron Bank 0.20% 1.60x $25,000 -
Farmers State Bank 0.20% 1.60x $1,000 -
State Bank of Graymont 0.20% 1.60x $1 -
Illini Bank 0.20% 1.60x $25,000 -
Park Ridge Community Bank 0.20% 1.60x $5,000 -
Tempo Bank, A Federal Savings Bank 0.20% 1.60x $2,500 -
Bank of Bluffs 0.20% 1.60x $25,000 -
Evergreen Bank Group 0.20% 1.60x $2,500 -
Hanmi Bank 0.20% 1.60x $10,000 -
The First National Bank of Sparta 0.20% 1.60x $101 -
Vermilion Valley Bank 0.20% 1.60x $50 -
Nashville Savings Bank 0.20% 1.60x $100 -
CNB Bank and Trust, N.A. 0.20% 1.60x $100 -
Bank of Stronghurst 0.20% 1.60x $1 -
Wenona State Bank 0.20% 1.60x $2,500 -
CenTrust Bank, National Association 0.20% 1.60x $10,000 -
American Enterprise Bank 0.20% 1.60x $10,000 -
Andalusia Community Bank 0.20% 1.60x $20,001 -
Midwest Bank 0.20% 1.60x $1 -
The Bank of Advance 0.20% 1.60x $10,000 -
Blackhawk Bank & Trust 0.20% 1.60x $20,000 -
The State Bank of Pearl City 0.20% 1.60x $1,000 -
Clay County State Bank 0.20% 1.60x $20 -
Farmers National Bank of Griggsville 0.20% 1.60x $25,000 -
State Bank of Saunemin 0.20% 1.60x $2,500 -
Waterman State Bank 0.20% 1.60x $25,000 -
Beverly Bank & Trust Company, National Association 0.20% 1.60x $10,000 -
State Bank of Davis 0.20% 1.60x $25,000 -
Prospect Federal Savings Bank 0.20% 1.60x $1 -
Flora Bank & Trust 0.20% 1.60x $50 -
National Bank 0.20% 1.60x $1 -
The Farmers National Bank 0.20% 1.60x $1 -
Exchange State Bank 0.20% 1.60x $10,000 -
West Suburban Bank 0.20% 1.60x $10,000 -
State Bank of Chrisman 0.20% 1.60x $1,000 -
Lena State Bank 0.20% 1.60x $1 -
Bank of Gibson City 0.20% 1.60x $10,000 -
United Community Bank 0.20% 1.60x $25,000 -
Eureka Savings Bank 0.20% 1.60x $2,500 -
Apple River State Bank 0.20% 1.60x $1 -
First National Bank of Steeleville 0.20% 1.60x $1 -
The First National Bank of Brownstown 0.20% 1.60x $25,000 -
Citizens State Bank 0.20% 1.60x $25,000 -
The Clay City Banking Co. 0.20% 1.60x $1 -
The Bank of Herrin 0.20% 1.60x $50 -
Citizens National Bank of Albion 0.20% 1.60x $1 -
Anna State Bank 0.20% 1.60x $1,000 -
SouthernTrust Bank 0.20% 1.60x $10,000 -
St. Charles Bank & Trust Company 0.20% 1.60x $10,000 -
Flanagan State Bank 0.20% 1.60x $10,000 -
Lisle Savings Bank 0.20% 1.60x $10 -
Bank of O'Fallon 0.20% 1.60x $1 -
Central State Bank 0.20% 1.60x $50 -
Town & Country Bank Midwest 0.20% 1.60x $1 -
The Farmers Bank of Liberty 0.20% 1.60x $2,500 -
BBCN Bank 0.20% 1.60x $500 -
The First National Bank of Arenzville 0.20% 1.60x $10 -
The Farmers Bank of Mt. Pulaski 0.20% 1.60x $1 -
First Collinsville Bank 0.20% 1.60x $500 -
Table Grove State Bank 0.20% 1.60x $1 -
Urban Partnership Bank 0.20% 1.60x $10,000 -
Forreston State Bank 0.20% 1.60x $25,000 -
Town Center Bank 0.20% 1.60x $25,000 -
Sterling Federal Bank, F.S.B. 0.20% 1.60x $10,000 -
Allied First Bank,sb 0.20% 1.60x $2,000 -
Warren-Boynton State Bank 0.20% 1.60x $25,000 -
First Neighbor Bank, National Association 0.20% 1.60x $25,000 -
American Eagle Bank 0.20% 1.60x $15,000 -
First National Bank of Pana 0.20% 1.60x $25,000 -
BankChampaign, National Association 0.20% 1.60x $25,000 -
West Central Bank 0.20% 1.60x $25,000 -
State Bank 0.20% 1.60x $25,000 -
Middletown State Bank 0.20% 1.60x $2,500 -
The First National Bank 0.20% 1.60x $25,000 -
The Bank of Carbondale 0.20% 1.60x $10,000 -
Seaway Bank and Trust Company 0.20% 1.60x $25,000 -
Devon Bank 0.20% 1.60x $10,000 -
The First National Bank of Ava 0.20% 1.60x $25,001 -
Washington Savings Bank 0.20% 1.60x $1 -
Dieterich Bank, N.A. 0.20% 1.60x $25,000 -
Illinois-Service Federal Savings and Loan Association 0.20% 1.60x $1,000 -
The First National Bank of Carmi 0.20% 1.60x $25,001 -
Philo Exchange Bank 0.20% 1.60x $2,500 -
BankOrion 0.20% 1.60x $25,000 -
The First National Bank in Amboy 0.20% 1.60x $25,000 -
First State Bank 0.20% 1.60x $2,500 -
Flora Savings Bank 0.20% 1.60x $1 -
Federated Bank 0.20% 1.60x $10,001 -
Golden Eagle Community Bank 0.20% 1.60x $25,000 -
Community Bank of Trenton 0.20% 1.60x $1 -
The First National Bank of Beardstown 0.20% 1.60x $10,000 -
The Litchfield National Bank 0.20% 1.60x $100 -
The First National Bank of Barry 0.20% 1.60x $100 -
First County Bank 0.20% 1.60x $500 -
Cathay Bank 0.20% 1.60x $10,000 -
Fairview State Banking Company 0.20% 1.60x $25 -
American Eagle Bank of Chicago 0.20% 1.60x $15,000 -
First State Bank of Campbell Hill 0.20% 1.60x $100 -
McHenry Savings Bank 0.20% 1.60x $25,000 -
The First National Bank of McHenry 0.20% 1.60x $2,500 -
Peru Federal Savings Bank 0.20% 1.60x $25,000 -
The Old Exchange National Bank of Okawville 0.20% 1.60x $2,500 -
First Secure Bank and Trust Co. 0.20% 1.60x $10,001 -
The First National Bank of Okawville 0.20% 1.60x $2,500 -
Community Banks of Shelby County 0.20% 1.60x $10,000 -
First Secure Community Bank 0.20% 1.60x $1 -
Pan American Bank 0.20% 1.60x $100 -
Shelby County State Bank 0.20% 1.60x $10 -
Beal Bank USA 0.20% 1.60x $1,000 -
Security National Bank 0.20% 1.60x $1 -
CIBM Bank 0.20% 1.60x $25,000 -
Bank of Belleville 0.20% 1.60x $1 -
First Nations Bank 0.20% 1.60x $2,500 -
The Federal Savings Bank 0.20% 1.60x $10,000 -
1st Community Bank 0.20% 1.60x $2,500 -
Central Federal Savings and Loan Association of Chicago 0.20% 1.60x $25,000 -
Farmers State Bank of Alto Pass, Ill. 0.20% 1.60x $25,000 -
Colchester State Bank 0.20% 1.60x $25,000 -
The First National Bank in Staunton 0.19% 1.52x $2,500 -
La Salle State Bank 0.18% 1.44x $5,000 -
The Clay City Banking Co. 0.18% 1.44x $10,000 -
United Trust Bank 0.18% 1.44x $10,000 -
Flora Bank & Trust 0.18% 1.44x $10,000 -
Milledgeville State Bank 0.18% 1.44x $20,000 -
Old Plank Trail Community Bank, National Association 0.18% 1.44x $10,000 -
The Harvard State Bank 0.17% 1.36x $25,000 -
State Bank of Davis 0.17% 1.36x $10,000 -
Community Savings Bank 0.17% 1.36x $25,001 -
Lena State Bank 0.17% 1.36x $10,000 -
North Central Bank 0.17% 1.36x $25,000 -
First Farmers Bank and Trust Company 0.17% 1.36x $10,000 -
The First National Bank of Okawville 0.16% 1.28x $1 -
Washington State Bank 0.16% 1.28x $25,000 -
Federated Bank 0.16% 1.28x $100 -
Milledgeville State Bank 0.16% 1.28x $10,000 -
National Bank of St. Anne 0.16% 1.28x $300 -
CIBM Bank 0.16% 1.28x $25,000 -
Holcomb State Bank 0.15% 1.20x $100 -
LincolnWay Community Bank 0.15% 1.20x $250 -
Savanna-Thomson State Bank 0.15% 1.20x $100 -
The First National Bank & Trust Company of Rochelle 0.15% 1.20x $1 -
Anna State Bank 0.15% 1.20x $1 -
Teutopolis State Bank 0.15% 1.20x $1 -
Northwest Bank of Rockford 0.15% 1.20x $10,000 -
The Edgar County Bank and Trust Co., Paris, Illinois 0.15% 1.20x $1 -
The Poplar Grove State Bank 0.15% 1.20x $2,500 -
Community State Bank of Rock Falls 0.15% 1.20x $2,500 -
Durand State Bank 0.15% 1.20x $1 -
Sauk Valley Bank & Trust Company 0.15% 1.20x $10,000 -
Metropolitan Capital Bank & Trust 0.15% 1.20x $25,000 -
Community Bank 0.15% 1.20x $25,000 -
Apple River State Bank 0.15% 1.20x $2,500 -
North Central Bank 0.15% 1.20x $1 -
Peoples National Bank of Kewanee 0.15% 1.20x $2,500 -
First National Bank in Georgetown 0.15% 1.20x $1 -
Bank of Farmington 0.15% 1.20x $10,000 -
State Bank of Cherry 0.15% 1.20x $1 -
Rushville State Bank 0.15% 1.20x $100 -
Mutual Federal Bank 0.15% 1.20x $100 -
Farmers State Bank 0.15% 1.20x $1 -
Laura State Bank 0.15% 1.20x $100 -
Williamsville State Bank & Trust 0.15% 1.20x $10,000 -
Longview Bank 0.15% 1.20x $200 -
Dieterich Bank, N.A. 0.15% 1.20x $1 -
Athens State Bank 0.15% 1.20x $10,001 -
Pan American Bank 0.15% 1.20x $2,500 -
La Salle State Bank 0.15% 1.20x $10 -
Bank of Bluffs 0.15% 1.20x $1,000 -
Oxford Bank & Trust 0.15% 1.20x $10,000 -
The First National Bank of Raymond 0.15% 1.20x $20,000 -
Wenona State Bank 0.15% 1.20x $300 -
Marine Bank 0.15% 1.20x $10,000 -
First State Bank of Forrest 0.15% 1.20x $1 -
CenTrust Bank, National Association 0.15% 1.20x $1 -
Hoyne Savings Bank 0.15% 1.20x $25,000 -
Bank of Yates City 0.15% 1.20x $25 -
State Bank of Texas 0.15% 1.20x $10,000 -
Ben Franklin Bank of Illinois 0.15% 1.20x $400 -
Central Bank Illinois 0.15% 1.20x $1 -
Security Bank, s.b. 0.15% 1.20x $25,000 -
Illinois-Service Federal Savings and Loan Association 0.15% 1.20x $2,500 -
First State Bank of St. Peter 0.15% 1.20x $2,500 -
Central State Bank 0.15% 1.20x $2,500 -
The Huntington National Bank 0.15% 1.20x $10,000 -
Blackhawk Bank & Trust 0.15% 1.20x $10,000 -
The State Bank of Pearl City 0.15% 1.20x $1 -
Flora Bank & Trust 0.15% 1.20x $2,500 -
Farmers National Bank of Griggsville 0.15% 1.20x $50 -
Waterman State Bank 0.15% 1.20x $10,000 -
West Town Bank & Trust 0.15% 1.20x $2,501 -
Petefish, Skiles & Co. 0.15% 1.20x $1 -
State Bank of Davis 0.15% 1.20x $1 -
Jacksonville Savings Bank 0.15% 1.20x $10,000 -
Prospect Federal Savings Bank 0.15% 1.20x $2,500 -
Exchange State Bank 0.15% 1.20x $1 -
Crossroads Bank 0.15% 1.20x $5,000 -
First Trust & Savings Bank of Albany, Illinois 0.15% 1.20x $2,000 -
Hometown National Bank 0.15% 1.20x $1,000 -
Bank of Gibson City 0.15% 1.20x $100 -
Murphy-Wall State Bank and Trust Company 0.15% 1.20x $25,000 -
Golden Eagle Community Bank 0.15% 1.20x $100 -
Illinois National Bank 0.15% 1.20x $10,000 -
Eureka Savings Bank 0.15% 1.20x $50 -
Princeville State Bank 0.15% 1.20x $1,000 -
First National Bank of Steeleville 0.15% 1.20x $10,000 -
First State Bank of Campbell Hill 0.15% 1.20x $1 -
The Granville National Bank 0.15% 1.20x $2,500 -
First Community Bank of Hillsboro 0.15% 1.20x $10,000 -
Warren-Boynton State Bank 0.15% 1.20x $10,000 -
The First National Bank of Brownstown 0.15% 1.20x $10,000 -
Banterra Bank 0.15% 1.20x $2,500 -
Spring Valley City Bank 0.15% 1.20x $50 -
The Federal Savings Bank 0.15% 1.20x $1 -
Citizens State Bank 0.15% 1.20x $2,500 -
Devon Bank 0.15% 1.20x $1 -
American Metro Bank 0.15% 1.20x $250 -
Illini State Bank 0.15% 1.20x $25 -
Citizens National Bank of Albion 0.15% 1.20x $25,000 -
First Robinson Savings Bank, National Association 0.15% 1.20x $25,000 -
St. Charles Bank & Trust Company 0.15% 1.20x $1 -
Dewey Bank 0.15% 1.20x $25 -
Farmers State Bank of Hoffman 0.15% 1.20x $25,000 -
Hartsburg State Bank 0.15% 1.20x $100 -
First National Bank in Pinckneyville 0.15% 1.20x $100 -
The Havana National Bank 0.15% 1.20x $50 -
The Farmers Bank of Liberty 0.15% 1.20x $10 -
The Bank of Advance 0.15% 1.20x $2,500 -
The Farmers Bank of Mt. Pulaski 0.15% 1.20x $100 -
Hickory Point Bank and Trust 0.15% 1.20x $20,000 -
Scott State Bank 0.15% 1.20x $10,000 -
First Nations Bank 0.15% 1.20x $25,000 -
Iroquois Federal Savings and Loan Association 0.15% 1.20x $25,000 -
Mason City National Bank 0.15% 1.20x $1 -
First Personal Bank 0.15% 1.20x $10,000 -
Rochester State Bank 0.15% 1.20x $2,500 -
Chester National Bank 0.15% 1.20x $25,000 -
Town Center Bank 0.15% 1.20x $250 -
Midwest Community Bank 0.15% 1.20x $20,000 -
Midwest Bank 0.15% 1.20x $1,000 -
West Suburban Bank 0.15% 1.20x $100 -
Marseilles Bank 0.15% 1.20x $100 -
The Farmers State Bank and Trust Company 0.15% 1.20x $25,000 -
First Clover Leaf Bank, National Association 0.15% 1.20x $10,000 -
First Bank & Trust 0.15% 1.20x $10,000 -
First Security Bank 0.15% 1.20x $25,000 -
West Central Bank 0.15% 1.20x $1 -
State Street Bank and Trust Company 0.15% 1.20x $5,000 -
BMO Harris Bank National Association 0.15% 1.20x $25,000 -
The Anna -Jonesboro National Bank 0.15% 1.20x $1,000 -
Middletown State Bank 0.15% 1.20x $50 -
Buena Vista National Bank 0.15% 1.20x $1 -
The First National Bank 0.15% 1.20x $10,000 -
1st State Bank of Mason City 0.15% 1.20x $25 -
The Bank of Carbondale 0.15% 1.20x $2,500 -
Goodfield State Bank 0.15% 1.20x $25,000 -
Pioneer State Bank 0.15% 1.20x $15 -
Ottawa Savings Bank 0.15% 1.20x $25,000 -
1st Community Bank 0.15% 1.20x $25 -
The Village Bank 0.15% 1.20x $100 -
PeopleFirst Bank 0.15% 1.20x $500 -
Farmers State Bank of Camp Point 0.15% 1.20x $10,000 -
First Federal Savings and Loan Association of Central Illinois 0.15% 1.20x $25,000 -
The First National Bank of Carmi 0.15% 1.20x $1 -
Philo Exchange Bank 0.15% 1.20x $1 -
BankOrion 0.15% 1.20x $2,500 -
State Bank of Waterloo 0.15% 1.20x $1 -
Farmers State Bank of Danforth 0.15% 1.20x $5,001 -
First Neighbor Bank, National Association 0.15% 1.20x $1 -
Federated Bank 0.15% 1.20x $2,501 -
American Enterprise Bank 0.15% 1.20x $1,000 -
State Bank of Whittington 0.15% 1.20x $25,000 -
Southern Illinois Bank 0.15% 1.20x $2,500 -
South Side Trust & Savings Bank of Peoria 0.15% 1.20x $25,000 -
The Litchfield National Bank 0.15% 1.20x $2,500 -
First Community Bank, Xenia-Flora 0.15% 1.20x $100 -
The Old Exchange National Bank of Okawville 0.15% 1.20x $1 -
The Fisher National Bank 0.15% 1.20x $100 -
Bank of Calhoun County 0.15% 1.20x $1 -
Tempo Bank, A Federal Savings Bank 0.15% 1.20x $100 -
Bank of Springfield 0.15% 1.20x $20,000 -
Farmers State Bank of Emden 0.15% 1.20x $1 -
Sterling Federal Bank, F.S.B. 0.15% 1.20x $200 -
State Bank of Herscher 0.15% 1.20x $25,000 -
Farmers & Merchants Bank of Hutsonville 0.15% 1.20x $25,000 -
First County Bank 0.15% 1.20x $5,000 -
Millennium Bank 0.15% 1.20x $100 -
Beverly Bank & Trust Company, National Association 0.15% 1.20x $1 -
Bank of Chestnut 0.15% 1.20x $10 -
Brickyard Bank 0.15% 1.20x $10,000 -
BankFinancial, FSB 0.15% 1.20x $2,500 -
Buckley State Bank 0.15% 1.20x $10 -
State Bank 0.15% 1.20x $5,000 -
First Collinsville Bank 0.15% 1.20x $5,000 -
Grand Ridge National Bank 0.15% 1.20x $100 -
The First National Bank 0.15% 1.20x $1,000 -
Fayette County Bank 0.15% 1.20x $50 -
The Clay City Banking Co. 0.15% 1.20x $2,500 -
North Side Federal Savings and Loan Association of Chicago 0.15% 1.20x $25,000 -
Washington State Bank 0.15% 1.20x $100 -
Home State Bank, National Association 0.15% 1.20x $25,000 -
Community Banks of Shelby County 0.15% 1.20x $50 -
Community National Bank in Monmouth 0.15% 1.20x $1 -
The Gerber State Bank 0.15% 1.20x $25,000 -
Peru Federal Savings Bank 0.15% 1.20x $10 -
Forest Park National Bank and Trust Company 0.15% 1.20x $25,000 -
Central Federal Savings and Loan Association of Chicago 0.15% 1.20x $1,000 -
Republic Bank of Chicago 0.15% 1.20x $25,000 -
Liberty Bank and Trust Company 0.15% 1.20x $2,500 -
Reliance Bank 0.15% 1.20x $10,000 -
Citizens Community Bank 0.15% 1.20x $15,000 -
Illini Bank 0.15% 1.20x $10,000 -
Cathay Bank 0.15% 1.20x $10,000 -
MWABank 0.15% 1.20x $100 -
The Bank of Edwardsville 0.15% 1.20x $25,000 -
Stillman BancCorp N.A. 0.15% 1.20x $10,000 -
CBI Bank & Trust 0.15% 1.20x $1,500 -
Citizens State Bank of Milford 0.15% 1.20x $25 -
State Bank of Industry 0.15% 1.20x $10 -
CNB Bank and Trust, N.A. 0.15% 1.20x $100 -
Colchester State Bank 0.15% 1.20x $10,000 -
Farmers State Bank of Alto Pass, Ill. 0.15% 1.20x $5,000 -
Bank of Pontiac 0.15% 1.20x $1 -
United Community Bank 0.15% 1.20x $10,000 -
The Peoples State Bank of Newton, Illinois 0.15% 1.20x $25,000 -
State Bank of Toulon 0.15% 1.20x $10,000 -
MidCountry Bank 0.15% 1.20x $25,000 -
The First National Bank in Staunton 0.14% 1.12x $100 -
Citizens State Bank of Milford 0.14% 1.12x $25,000 -
The Harvard State Bank 0.13% 1.04x $2,500 -
Park Ridge Community Bank 0.13% 1.04x $250 -
Bank & Trust Company 0.13% 1.04x $2,500 -
State Bank of Bement 0.13% 1.04x $2,500 -
Loomis Federal Savings and Loan Association 0.12% 0.96x $25,000 -
First Bank 0.12% 0.96x $25,000 -
The First National Bank in Carlyle 0.12% 0.96x $10,000 -
CIBM Bank 0.12% 0.96x $500 -
Lena State Bank 0.12% 0.96x $1,000 -
Glasford State Bank 0.12% 0.96x $2,500 -
First State Bank of Bloomington 0.12% 0.96x $25,000 -
The First National Bank of Ava 0.12% 0.96x $2,500 -
Libertyville Bank & Trust Company 0.12% 0.96x $25,000 -
Williamsville State Bank & Trust 0.11% 0.88x $50 -
AMG National Trust Bank 0.11% 0.88x $1 -
Prospect Federal Savings Bank 0.11% 0.88x $20,000 -
PNC Bank, National Association 0.11% 0.88x $25,000 -
Milledgeville State Bank 0.11% 0.88x $1 -
Washington State Bank 0.11% 0.88x $10,000 -
FIRST NATIONAL BANK OF NOKOMIS 0.10% 0.80x $1 -
INLAND BANK & TRUST 0.10% 0.80x $1 -
First State Bank of Illinois 0.10% 0.80x $25,000 -
Villa Grove State Bank 0.10% 0.80x $1 -
The Poplar Grove State Bank 0.10% 0.80x $50 -
National Bank of Petersburg 0.10% 0.80x $100 -
McHenry Savings Bank 0.10% 0.80x $1,000 -
State Bank 0.10% 0.80x $1 -
Bank of Springfield 0.10% 0.80x $1 -
Home Federal Savings and Loan Association of Collinsville 0.10% 0.80x $2,500 -
North Shore Trust and Savings 0.10% 0.80x $100 -
The Granville National Bank 0.10% 0.80x $1 -
North Shore Bank, FSB 0.10% 0.80x $25,000 -
First National Bank & Trust Company 0.10% 0.80x $1,000 -
The Hill-Dodge Banking Company 0.10% 0.80x $2,500 -
State Bank of Arthur 0.10% 0.80x $1,000 -
Peoples National Bank of Kewanee 0.10% 0.80x $100 -
State Bank 0.10% 0.80x $1 -
North Adams State Bank 0.10% 0.80x $100 -
United Community Bank 0.10% 0.80x $100 -
Farmers & Merchants Bank of Hutsonville 0.10% 0.80x $1 -
Rushville State Bank 0.10% 0.80x $2,500 -
Byron Bank 0.10% 0.80x $100 -
Forreston State Bank 0.10% 0.80x $1 -
The First National Bank of McHenry 0.10% 0.80x $1 -
State Street Bank and Trust Company 0.10% 0.80x $100 -
State Bank of Chrisman 0.10% 0.80x $10 -
The First National Bank in Tremont 0.10% 0.80x $1 -
Heartland Bank and Trust Company 0.10% 0.80x $25,000 -
Community Bank 0.10% 0.80x $1,000 -
Soy Capital Bank and Trust Company 0.10% 0.80x $25,000 -
Bank of Bluffs 0.10% 0.80x $10 -
First Nations Bank 0.10% 0.80x $1 -
The Harvard State Bank 0.10% 0.80x $100 -
Midwest Community Bank 0.10% 0.80x $150 -
The Farmers and Merchants National Bank of Nashville 0.10% 0.80x $5 -
Wintrust Bank 0.10% 0.80x $2,500 -
Shelby County State Bank 0.10% 0.80x $2,500 -
PeopleFirst Bank 0.10% 0.80x $5,000 -
Crossroads Bank 0.10% 0.80x $1 -
Farmers State Bank & Trust Co. 0.10% 0.80x $1 -
The First National Bank of Raymond 0.10% 0.80x $1 -
TBK BANK, SSB 0.10% 0.80x $25,000 -
First Federal Savings Bank 0.10% 0.80x $25,000 -
Central Federal Savings and Loan Association 0.10% 0.80x $10,000 -
The First National Bank of Dwight 0.10% 0.80x $50 -
First Mid-Illinois Bank & Trust, National Association 0.10% 0.80x $15,000 -
HomeBank 0.10% 0.80x $50 -
Farmers-Merchants National Bank of Paxton 0.10% 0.80x $50 -
Henry State Bank 0.10% 0.80x $25 -
Better Banks 0.10% 0.80x $25,000 -
Marine Bank 0.10% 0.80x $1 -
Blackhawk Bank & Trust 0.10% 0.80x $100 -
Busey Bank 0.10% 0.80x $15,000 -
Delaware Place Bank 0.10% 0.80x $1,500 -
Farmers State Bank of Western Illinois 0.10% 0.80x $15,000 -
Cissna Park State Bank 0.10% 0.80x $1 -
Union Federal Savings and Loan Association 0.10% 0.80x $100 -
Farmers National Bank of Griggsville 0.10% 0.80x $2,500 -
First National Bank in Paxton 0.10% 0.80x $100 -
Waterman State Bank 0.10% 0.80x $2,500 -
Providence Bank & Trust 0.10% 0.80x $25,000 -
Farmers State Bank of Alto Pass, Ill. 0.10% 0.80x $100 -
First Bank & Trust 0.10% 0.80x $200 -
Bank of Modesto 0.10% 0.80x $10 -
Security Bank, s.b. 0.10% 0.80x $100 -


BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

PRODUCT INFORMATION


Local Savings Accounts 2017

Savings accounts offer depositors flexibility along with the stability of FDIC insurance (assuming your deposit amounts are within FDIC limits – see below). Savings accounts are a good place to keep money for unforeseen expenses, as well as money that you may be preparing to use and want to keep safe. Individuals often use savings accounts for a home down payment, a vacation, a wedding, a car, an emergency fund, or other near-term expenditures. However, if you have cash that you do not believe you will need for at least a year, you may want to consider investing in a certificate of deposit.

While online savings account have grown in popularity and usage dramatically over the past fifteen years, some consumers prefer opening an account in a branch and having a personal relationship with the people who safeguard their money. Physical branches also provide an easy way to get cash instantly, to deposit checks, to access to notaries, and sometimes to get free coffee and donuts.

You will find a map with all banks that are close to you here.

FDIC Insurance

BestCashCow strongly recommends that when depositing money, you stay within the insured limits of the Federal Deposit Insurance Corporation (“FDIC”). You should not deposit over $250,000 at a single bank across all products (savings or share certificates, certificates of deposit or time deposits, etc.) unless these deposits are made across different product types (individual, joint, etc). Learn more about FDIC insurance and different product types here. If you are still uncertain whether you are within FDIC limits, you should visit the FDIC's website to determine your coverage limits based on your circumstances.

Advantages of Local Savings or Money Market Accounts:

  • Higher interest rate than a checking account, usually.
  • Personal service and interaction. Unlike an online account you are building a relationship with your banker by opening it in a branch.
  • Online access. Often, depending on the size of the bank, banks enable transactions and deposits to be performed online or through a mobile application.
  • Liquidity. Depositors can withdraw their money at any time.

Disadvantages:

  • A variable interest rate. Rates can change at any time. In a falling rate environment, this is a negative. In a rising rate environment, this is a positive.
  • A lower rate than an online bank. Branches are expensive and non-online banks often can't afford to pay as much interest as an online bank.

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 Booster 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 and be sure it is appropriate. 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.

SAVINGS & CD BOOSTER CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

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  • george koshefsky

    April 21, 2015

    Where is the list of the worst online banks to bank with or the States to avoid

  • ctyank January 19, 2015

    January 19, 2015

    Liberty Bank...Hamden, CT...new branch opening...special savings rate, 1.50% up to $100,000.00 through 2016...do not beleive it is available to om-line customer(s)...checking account linked, free...

  • Sol @ Travis

    September 29, 2013

    @ Travis

    In many cases we do provide this information. For example, the Belmont Savings Bank rate you list above comes with a clear disclaimer if you click the Learn more button. We're always trying to improve though and will certainly continue to gather additional information. Thanks for your comment.

  • Travis MacDonald

    September 29, 2013

    I find the numbers decieving. Some of your banks listed with the highest APR have many restrictions and requirements. I feel that these should be listed on your site in the "details" section to avoid any "bait-and-switch" claims. For instance, Belmont Savings Bank in Belmont, MA is listed as having a 1.00% APR, but the savings account requires a companion checking account with a daily average balance of 250,000. Another example is Salen Five cents Bank under the online banks. The account listed is not available on their website. When I inquired about it, they told me that particular savings product was reserved as an add-on for accounts with daily balances in excess of $10,000. It seems alot of research went into the details pages in terms of company financials and whatnot. Seems like a little more research could be done on the savings and checking products themselves.

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