Current Illinois money market deposit account rates include United Trust BankUnited Trust Bank12330 S Harlem Ave, Palos Heights, IL 60463A+5.0 ★Texas Ratio: 2.60% Money Market at 4.00% APY, The Huntington National BankThe Huntington National Bank3333 W 26th St, Chicago, IL 60623A+5.0 ★Texas Ratio: 4.60% High-Yield Money Market at 3.82% APY, Waterman BankWaterman Bank248 W Lincoln Hwy, Waterman, IL 60556A+5.0 ★Texas Ratio: 3.95% Business Money Market at 3.82% APY, State Bank of TexasState Bank of Texas2615 W Devon Ave, Chicago, IL 60659A+5.0 ★Texas Ratio: 2.36% High-Rate Jumbo Money Market at 3.76% APY, and Republic Bank of ChicagoRepublic Bank of Chicago101 Main St, West Chicago, IL 60185A+5.0 ★Texas Ratio: 4.71% Business Money Market at 3.75% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Illinois side-by-side. Illinois money market rates currently reach as high as 4.00% APY from United Trust Bank at 12330 S Harlem Ave, Palos Heights, IL 60463. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Illinois and surrounding area. Last Updated and Verified: May 12, 2026
New Money Only
New Money Only
Minimum of **$25,000** not currently deposited at Huntington.
Qualifying balance up to $2,499.99
Qualifying balance up to $2,499.99
Annual Percentage Yield is accurate as of posting date and applies to new money deposits only. Rate is subject to change without notice after account opening. Fees and/or withdrawals could reduce the earnings on the account.
Promo Rate
$15,000+
New money only
New money only
up to
Minimum of **$25,000** not currently deposited at Huntington.
$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.
$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.
Qualifying balance up to $10,000.00
Qualifying balance up to $15,000,000
$1,500,000.00 and up
$150,000
Rate with Platinum Checking
$500,000.00
$500,000.00 - $1,499,999.99
Rates can change daily, Daily compounding
Rates can change daily, Daily compounding
Compare local Illinois money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Illinois high-yield MMA rates currently average 3.431% APY.
Illinois standard MMA rates currently average 0.619% APY.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Illinois directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Illinois. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in IL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.