MonitorBankRates
Quick Poll The Fed raised rates 0.25% on Sept. 16. Will you move money into a higher-yield account?
iAdvertiser Disclosure
Advertiser Disclosure Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
Illinois Money Market Rate Trends

Chicago, Illinois Money Market Rates - September 2026

Current Chicago, Illinois and the surrounding area money market deposit account rates include Great Lakes Credit UnionGreat Lakes Credit Union1011 W Lawrence Ave, Chicago, IL 60640 5017A5.0 ★Texas Ratio: 6.33%Real return: +2.20%APY minus 2.8% CPI (February 2026) Money Market Account at 5.00% APY, Waterman BankWaterman Bank1747 W North Ave, Chicago, IL 60622A5.0 ★Texas Ratio: 8.69%Real return: +1.02%APY minus 2.8% CPI (February 2026) Business Money Market at 3.82% APY, State Bank of TexasState Bank of Texas2615 W Devon Ave, Chicago, IL 60659A5.0 ★Texas Ratio: 12.15%Real return: +0.96%APY minus 2.8% CPI (February 2026) High-Rate Jumbo Money Market at 3.76% APY, Peoples Bank (IN)Peoples Bank (IN)5400 S Pulaski Rd, Chicago, IL 60632A5.0 ★Texas Ratio: 10.43%Real return: +0.70%APY minus 2.8% CPI (February 2026) Money Market Special at 3.50% APY, and International Bank of ChicagoInternational Bank of Chicago5069 N Broadway St, Chicago, IL 60640A+5.0 ★Texas Ratio: 5.06%Real return: +0.60%APY minus 2.8% CPI (February 2026) Premier Money Market at 3.40% APY. Money market rates as of September 22, 2026 according to verified data from MonitorBankRates.

Chicago has 28 local institutions in our database, with money market rates as high as 5.00% APY from Great Lakes Credit Union at 1011 W Lawrence Ave, Chicago, IL 60640 5017. Use the table below to compare all available offers, including options from institutions serving the broader Illinois area. Rates are continually updated, so we recommend checking back frequently.

Rates reflect recent market quotes and representative offers available to depositors in Chicago, Illinois and surrounding area. Last Updated and Verified: September 22, 2026

Compare the Best Money Market Rates Today in Chicago, Illinois & the Surrounding Area

Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.33%
1011 W Lawrence Ave, Chicago, IL 60640 5017
Money Market Account
5.00%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Qualifications Required: 40 or more transactions per month; enrolled in e-statements; Tier 3: Accounts with 40 or more transactions per month and e-statements. Balances $10,001 and above will earn .05% APY.

Waterman Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.69%
1747 W North Ave, Chicago, IL 60622
Business Money Market
3.82%
$2,500
Rate3.75%
Min Deposit$2,500
Min Balance
UpdatedSep 19, 2026
Details

Balance: $0.01-$2,499.99

Waterman Bank
Institution Rating:
A5.0 ★ Texas Ratio: 8.69%
1747 W North Ave, Chicago, IL 60622
Money Market
3.82%
$2,500
Rate3.75%
Min Deposit$2,500
Min Balance
UpdatedSep 19, 2026
Details

Balance: $0.01-$2,499.99

State Bank of Texas
Institution Rating:
A5.0 ★ Texas Ratio: 12.15%
2615 W Devon Ave, Chicago, IL 60659
High-Rate Jumbo Money Market
3.76%
$100,000
Rate
Min Deposit$100,000
Min Balance
UpdatedSep 18, 2026
Details

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. $100,000 minimum required to earn stated rate for money market account. Fees could reduce the earnings on the account. A monthly service charge of $20 will be assessed if account does not maintain an average daily balance of $25,000.

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Money Market Special
3.50%
Rate3.44%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $500,000+

International Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 5.06%
5069 N Broadway St, Chicago, IL 60640
Premier Money Market
3.40%
Rate3.35%
Min Deposit
Min Balance
UpdatedSep 19, 2026
Details

Balance: $250,000-$1,000,000; Credit Frequency: Monthly

The Huntington National Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.08%
3333 W 26th St, Chicago, IL 60623
Relationship Money Market Account - With Huntington Perks Checking
3.35%
Rate3.30%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $25,000.00 to $2,000,000.99

The Huntington National Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.08%
3333 W 26th St, Chicago, IL 60623
Relationship Money Market Account - With Huntington Platinum Perks Checking
3.35%
Rate3.30%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $25,000.00 to $2,000,000.99

The Huntington National Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.08%
3333 W 26th St, Chicago, IL 60623
Relationship Money Market Account - With Private Client Account
3.35%
Rate3.30%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $25,000.00 to $2,000,000.99

International Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 5.06%
5069 N Broadway St, Chicago, IL 60640
Money Market Account
3.35%
Rate3.30%
Min Deposit
Min Balance
UpdatedSep 19, 2026
Details

Balance: $250,000; Credit Frequency: Monthly

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 7
3.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 8
3.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 9
3.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

International Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 5.06%
5069 N Broadway St, Chicago, IL 60640
Premier Money Market
3.30%
Rate3.25%
Min Deposit
Min Balance
UpdatedSep 19, 2026
Details

Balance: $1,000,001-$1,500,000; Credit Frequency: Monthly

Selfreliance Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.34%
2332 W Chicago Ave, Chicago, IL 60622
Money Market Accounts
3.29%
Rate3.25%
Min Deposit
Min Balance
UpdatedSep 20, 2026
Details

Balance: $500,000 and up

The Huntington National Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.08%
3333 W 26th St, Chicago, IL 60623
Relationship Money Market Account
3.25%
Rate3.20%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $25,000.00 to $2,000,000.99

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Money Market Special
3.25%
Rate3.20%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $250,000+

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Premier Money Market
3.25%
Rate
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Annual Percentage Yield (APY) is accurate as of March 2, 2026, and is subject to change, including after account opening, without notice. A minimum deposit of $20,000 is required to open the account and earn the APY. If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 7
3.25%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 8
3.25%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 9
3.25%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 7
3.25%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 8
3.25%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 9
3.25%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.59%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
3.24%
Rate3.19%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $200,000.00+

International Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 5.06%
5069 N Broadway St, Chicago, IL 60640
Premier Money Market
3.20%
Rate3.15%
Min Deposit
Min Balance
UpdatedSep 19, 2026
Details

Balance: $1,500,001; Credit Frequency: Monthly

Byline Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.26%
6945 N Clark St, Chicago, IL 60626
Advantage Money Market Account
3.15%
$25,000
Rate
Min Deposit$25,000
Min Balance
UpdatedSep 18, 2026
Details

International Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 5.06%
5069 N Broadway St, Chicago, IL 60640
Money Market Account
3.05%
Rate3.01%
Min Deposit
Min Balance
UpdatedSep 19, 2026
Details

Balance: $100,000; Credit Frequency: Monthly

Republic Bank of Chicago
Institution Rating:
A-5.0 ★ Texas Ratio: 15.03%
2720 W Devon Ave, Chicago, IL 60659
Digital Money Market
3.02%
$2,500
Rate
Min Deposit$2,500
Min Balance
UpdatedSep 18, 2026
Details

Maintain a minimum $2,500 daily balance to avoid $25 monthly maintenance fee

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Money Market Special
3.00%
Rate2.96%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $100,000+

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Premier Money Market
3.00%
Rate
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Annual Percentage Yield (APY) is accurate as of March 2, 2026, and is subject to change, including after account opening, without notice. A minimum deposit of $20,000 is required to open the account and earn the APY. If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.

NuMark Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.91%
3040 S Halsted St, Chicago, IL 60608
Money Market and over
3.00%
$250,000
Rate2.96%
Min Deposit$250,000
Min Balance
UpdatedSep 22, 2026
Details

$250,000; 1 2

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.59%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
2.99%
Rate2.95%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $125,000.00-$199,999.99

Hanmi Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
6335 N Western Ave, Chicago, IL 60659
Simple Money Market Account
2.80%
$100
Rate
Min Deposit$100
Min Balance
UpdatedSep 18, 2026
Details

Balance Tiers $0 - $9,999.99 | 0.05% APY $10,000 - $99,999.99 | 2.60% APY $100,000 + | 2.80% APY

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Money Market Special
2.80%
Rate2.76%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $50,000+

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Premier Money Market
2.80%
Rate
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Annual Percentage Yield (APY) is accurate as of March 2, 2026, and is subject to change, including after account opening, without notice. A minimum deposit of $20,000 is required to open the account and earn the APY. If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.

Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.33%
1011 W Lawrence Ave, Chicago, IL 60640 5017
Money Market Account
2.75%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Qualifications Required: 20-39 debit card transactions per month; enrolled in e-statements; Tier 2: Accounts with 20-39 debit card transactions per month and enrolled in e-statements. Balances $10,001 and above will earn .05% APY.

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.59%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
2.75%
Rate2.71%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $75,000.00-$124,999.99

The Huntington National Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.08%
3333 W 26th St, Chicago, IL 60623
High-Yield Money Market
2.70%
$25,000
Rate2.70%
Min Deposit$25,000
Min Balance
UpdatedSep 18, 2026
Details

Published APY range: 2.70%-3.75%; Published rate range: 2.70%-3.75%. Rates based on zip code. Get your variable rate after opening a Huntington Relationship Money Market Account when you maintain deposits of $25,000.00 - $2,000,000.99. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Avoid a monthly maintenance fee when you have an average daily balance of $25,000 or when you have either a Perks Checking or Platinum Perks Checking account; otherwise $25. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).

The Huntington National Bank
Institution Rating:
A5.0 ★ Texas Ratio: 6.08%
3333 W 26th St, Chicago, IL 60623
Huntington Relationship Money Market Account
2.70%
$25,000
Rate2.67%
Min Deposit$25,000
Min Balance
UpdatedSep 18, 2026
Details

Published APY range: 2.70%-3.75%; Published rate range: 2.67%-3.69%. Annual percentage yield (APY) and interest rates accurate as of May 19, 2026. The special interest rate for the Huntington Relationship Money Market Account (HRMMA) with balances between $25,000.00 to $2,000,000.99 is between 2.67%-3.69% with an APY between 2.70% APY- 3.75 % based on your zip code. The interest rate is variable and subject to change at any time. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. For instance, if your balance reaches $2,000,001.00 or more, your entire balance would currently earn 0.25% APY. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Money Market Special
2.65%
Rate2.61%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: $20,000+

Peoples Bank (IN)
Institution Rating:
A5.0 ★ Texas Ratio: 10.43%
5400 S Pulaski Rd, Chicago, IL 60632
Premier Money Market
2.65%
Rate
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Annual Percentage Yield (APY) is accurate as of March 2, 2026, and is subject to change, including after account opening, without notice. A minimum deposit of $20,000 is required to open the account and earn the APY. If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.

Hanmi Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
6335 N Western Ave, Chicago, IL 60659
Simple Money Market Account
2.60%
$100
Rate
Min Deposit$100
Min Balance
UpdatedSep 18, 2026
Details

Balance Tiers $0 - $9,999.99 | 0.05% APY $10,000 - $99,999.99 | 2.60% APY $100,000 + | 2.80% APY

International Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 5.06%
5069 N Broadway St, Chicago, IL 60640
Money Market Account
2.55%
Rate2.52%
Min Deposit
Min Balance
UpdatedSep 19, 2026
Details

Balance: $10,000; Credit Frequency: Monthly

Acme Continental Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.64%
55 E Jackson Blvd Fl 1, Chicago, IL 60604 4100
Money Market Accounts
2.53%
Rate2.50%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $75,000.01 and above

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 6
2.50%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 6
2.50%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 6
2.50%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

United Credit Union Chicago, IL
Institution Rating:
A+5.0 ★ Texas Ratio: 2.05%
4444 S Pulaski Rd, Chicago, IL 60632 4011
Money Market
2.50%
Rate2.48%
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Balance: $50,000.01 and greater; Dividend Paid: Quarterly

NuMark Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.91%
3040 S Halsted St, Chicago, IL 60608
Money Market
2.50%
$100,000
Rate2.47%
Min Deposit$100,000
Min Balance
UpdatedSep 22, 2026
Details

$100,000 - $249,999.99; 1 2

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
935 W Chestnut St, Chicago, IL 60642
Capital Money Market
2.27%
$10,000
Rate2.25%
Min Deposit$10,000
Min Balance
UpdatedSep 18, 2026
Details

Balance: More than $500,000

Selfreliance Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.34%
2332 W Chicago Ave, Chicago, IL 60622
Money Market Accounts
2.27%
Rate2.25%
Min Deposit
Min Balance
UpdatedSep 20, 2026
Details

Balance: $250,000-$499,999

Policemens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.58%
4100 W 76TH ST, CHICAGO, IL 60652 5600
Money Market
2.25%
Rate2.23%
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.59%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
2.24%
Rate2.22%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $40,000.00-$74,999.99

Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.33%
1011 W Lawrence Ave, Chicago, IL 60640 5017
Business Money Market Account
2.05%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Balance: $100,000.00+

Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.33%
1011 W Lawrence Ave, Chicago, IL 60640 5017
Business Money Markets
2.05%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

As Low As

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
935 W Chestnut St, Chicago, IL 60642
Capital Money Market
2.02%
$10,000
Rate2.00%
Min Deposit$10,000
Min Balance
UpdatedSep 18, 2026
Details

Balance: $100,000 - $500,000

Providence Bank & Trust
Institution Rating:
A+5.0 ★ Texas Ratio: 0.85%
7801 S State St, Chicago, IL 60619
Achieve More Commercial Money Market Account
2.00%
$75,000
Rate
Min Deposit$75,000
Min Balance
UpdatedSep 18, 2026
Details

Balance: $250,000.00 and over will earn 2.00% APY. Account balances of $2,500 to $9,999.99 will earn 0.01% APY, account balances of $10,000 to $74,999.99 will earn 0.50% APY, account balances of $75,000.00 to $249,999.99 will earn 0.75% APY. Offer valid beginning July 7, 2026 and may be eliminated at any time. Rates are subject to change at any time. Minimum balance is $10,000 and a $10.00 monthly Account Service Fee applies if balance falls below minimum. Transfers from a money market account to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six. Activity charges can be imposed. Includes 4 free deposits and 10 free deposited checks per month. Each additional deposit is $0.50 and each additional deposited check is $0.15. Fees may reduce earnings. Other fees or restrictions may apply.

Providence Bank & Trust
Institution Rating:
A+5.0 ★ Texas Ratio: 0.85%
7801 S State St, Chicago, IL 60619
Achieve More Money Market
2.00%
$2,500
Rate
Min Deposit$2,500
Min Balance
UpdatedSep 18, 2026
Details

Balance: $150,000.00 and over; Offer valid beginning July 7, 2026 and may be eliminated at any time. Account is available to individuals only. APY refers to Annual Percentage Yield. Rates are subject to change at any time. Minimum balance is $2,500 or an average collected balance of $5,000 and a $10.00 monthly Account Service Fee applies if balance falls below minimum. Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six. Fees may reduce earnings. Other fees or restrictions may apply.

Policemens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.58%
4100 W 76TH ST, CHICAGO, IL 60652 5600
Money Market
2.00%
Rate1.98%
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 5
2.00%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 5
2.00%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 5
2.00%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.59%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market Non-Qualified
2.00%
Rate1.98%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $125,000.00-$199,999.99

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Money Market Business Checking - Tier 3
1.80%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

International Bank of Chicago
Institution Rating:
A+5.0 ★ Texas Ratio: 5.06%
5069 N Broadway St, Chicago, IL 60640
Money Market Account
1.79%
Rate1.78%
Min Deposit
Min Balance
UpdatedSep 19, 2026
Details

Balance: $2,500; Credit Frequency: Monthly

Maroon Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.81%
5525 S Ellis Ave Ste C, Chicago, IL 60637
Money Market
1.77%
Rate1.75%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $75,000+

Selfreliance Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.34%
2332 W Chicago Ave, Chicago, IL 60622
Money Market Accounts
1.76%
Rate1.75%
Min Deposit
Min Balance
UpdatedSep 20, 2026
Details

Balance: $75,000-$249,999

Policemens Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.58%
4100 W 76TH ST, CHICAGO, IL 60652 5600
Money Market
1.75%
Rate1.74%
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

NuMark Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 5.91%
3040 S Halsted St, Chicago, IL 60608
Money Market
1.75%
$50,000
Rate1.74%
Min Deposit$50,000
Min Balance
UpdatedSep 22, 2026
Details

$50,000 - $99,999.99; 1 2

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.59%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market Non-Qualified
1.75%
Rate1.73%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $75,000.00-$124,999.99

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Money Market Checking - Tier 4
1.70%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Balance: $100,000.00

First Northern Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.86%
230 W Monroe St, Chicago, IL 60606
Money Market Demand
1.60%
Rate
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $100,000 and above

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
935 W Chestnut St, Chicago, IL 60642
Capital Money Market
1.51%
$10,000
Rate1.50%
Min Deposit$10,000
Min Balance
UpdatedSep 18, 2026
Details

Balance: $50,000 - $99,999.99

Maroon Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.81%
5525 S Ellis Ave Ste C, Chicago, IL 60637
Money Market
1.51%
Rate1.50%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $20,000 - $74,999

American Broadcast Employees Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.35%
190 N State St, Chicago, IL 60601
Money Market
1.50%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Balance: $250,000.00 and over

Great Lakes Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.33%
1011 W Lawrence Ave, Chicago, IL 60640 5017
Business Money Market Account
1.50%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Balance: $25,000 - $99,999

First Northern Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.86%
230 W Monroe St, Chicago, IL 60606
Money Market Demand
1.50%
Rate
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $50,000-$99,999.99

Verve a Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.59%
525 W Roosevelt Rd, Chicago, IL 60607 4908
Optimum Money Market
1.49%
Rate1.48%
Min Deposit
Min Balance
UpdatedSep 22, 2026
Details

Balance: $20,000.00-$39,999.99

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Business IMMA - Tier 4
1.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IMMA - Tier 4
1.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
IRA-HSA IMMA - Tier 4
1.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Money Market Business Checking - Tier 2
1.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Valid Thru: 09/20/2026

Michigan State University Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.07%
2500 N Halsted St, Chicago, IL 60614 6999
Money Market Checking - Tier 3
1.35%
Rate
Min Deposit
Min Balance
UpdatedSep 21, 2026
Details

Balance: $50,000.00

First American Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.93%
5000 N Elston Ave, Chicago, IL 60630
Optimal Money Market
1.00%
Rate1.00%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: >= $250,000

Hoyne Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
4786 N Milwaukee Ave, Chicago, IL 60630
Money Market Deposit Account
1.00%
$1,000
Rate1.00%
Min Deposit$1,000
Min Balance
UpdatedSep 14, 2026
Details

Hoyne Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
4786 N Milwaukee Ave, Chicago, IL 60630
Money Market Deposit Account
0.94%
$1,000
Rate0.94%
Min Deposit$1,000
Min Balance
UpdatedSep 14, 2026
Details

Hoyne Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
4786 N Milwaukee Ave, Chicago, IL 60630
Money Market Deposit Account
0.77%
$1,000
Rate0.77%
Min Deposit$1,000
Min Balance
UpdatedSep 14, 2026
Details

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
935 W Chestnut St, Chicago, IL 60642
Super Money Market
0.75%
$2,500
Rate0.75%
Min Deposit$2,500
Min Balance
UpdatedSep 18, 2026
Details

Balance: $100,000 or more

Providence Bank & Trust
Institution Rating:
A+5.0 ★ Texas Ratio: 0.85%
7801 S State St, Chicago, IL 60619
Achieve More Commercial Money Market Account
0.75%
$75,000
Rate
Min Deposit$75,000
Min Balance
UpdatedSep 18, 2026
Details

Balance: $75,000.00 to $249,999.99 will earn 0.75% APY. Account balances of $2,500 to $9,999.99 will earn 0.01% APY, account balances of $10,000 to $74,999.99 will earn 0.50% APY, and account balances of $250,000.00 and over will earn 2.00% APY. Offer valid beginning July 7, 2026 and may be eliminated at any time. Rates are subject to change at any time. Minimum balance is $10,000 and a $10.00 monthly Account Service Fee applies if balance falls below minimum. Transfers from a money market account to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six. Activity charges can be imposed. Includes 4 free deposits and 10 free deposited checks per month. Each additional deposit is $0.50 and each additional deposited check is $0.15. Fees may reduce earnings. Other fees or restrictions may apply.

Providence Bank & Trust
Institution Rating:
A+5.0 ★ Texas Ratio: 0.85%
7801 S State St, Chicago, IL 60619
Achieve More Money Market
0.75%
$2,500
Rate
Min Deposit$2,500
Min Balance
UpdatedSep 18, 2026
Details

Balance: $75,000 to $149,999.99; Offer valid beginning July 7, 2026 and may be eliminated at any time. Account is available to individuals only. APY refers to Annual Percentage Yield. Rates are subject to change at any time. Minimum balance is $2,500 or an average collected balance of $5,000 and a $10.00 monthly Account Service Fee applies if balance falls below minimum. Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six. Fees may reduce earnings. Other fees or restrictions may apply.

Mutual Federal Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.75%
2212 W Cermak Rd, Chicago, IL 60608
Personal Money Market
0.75%
$200
Rate0.75%
Min Deposit$200
Min Balance
UpdatedSep 14, 2026
Details

First American Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.93%
5000 N Elston Ave, Chicago, IL 60630
Optimal Money Market
0.55%
Rate0.55%
Min Deposit
Min Balance
UpdatedSep 18, 2026
Details

Balance: >= $50,000

Hoyne Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
4786 N Milwaukee Ave, Chicago, IL 60630
Money Market Deposit Account
0.55%
$1,000
Rate0.55%
Min Deposit$1,000
Min Balance
UpdatedSep 14, 2026
Details

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
935 W Chestnut St, Chicago, IL 60642
Capital Money Market
0.50%
$10,000
Rate0.50%
Min Deposit$10,000
Min Balance
UpdatedSep 18, 2026
Details

Balance: $10,000 - $49,999.99

Heartland Bank and Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 1.12%
935 W Chestnut St, Chicago, IL 60642
Super Money Market
0.50%
$2,500
Rate0.50%
Min Deposit$2,500
Min Balance
UpdatedSep 18, 2026
Details

Balance: $50,000 and $99,999.99

Providence Bank & Trust
Institution Rating:
A+5.0 ★ Texas Ratio: 0.85%
7801 S State St, Chicago, IL 60619
Achieve More Commercial Money Market Account
0.50%
$75,000
Rate
Min Deposit$75,000
Min Balance
UpdatedSep 18, 2026
Details

Balance: $10,000 to $74,999.99 will earn 0.50% APY. Account balances of $2,500 to $9,999.99 will earn 0.01% APY, account balances of $75,000.00 to $249,999.99 will earn 0.75% APY, and account balances of $250,000.00 and over will earn 2.00% APY. Offer valid beginning July 7, 2026 and may be eliminated at any time. Rates are subject to change at any time. Minimum balance is $10,000 and a $10.00 monthly Account Service Fee applies if balance falls below minimum. Transfers from a money market account to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six. Activity charges can be imposed. Includes 4 free deposits and 10 free deposited checks per month. Each additional deposit is $0.50 and each additional deposited check is $0.15. Fees may reduce earnings. Other fees or restrictions may apply.

Providence Bank & Trust
Institution Rating:
A+5.0 ★ Texas Ratio: 0.85%
7801 S State St, Chicago, IL 60619
Achieve More Money Market
0.50%
$2,500
Rate
Min Deposit$2,500
Min Balance
UpdatedSep 18, 2026
Details

Balance: $0.00 to $74,999.99; Offer valid beginning July 7, 2026 and may be eliminated at any time. Account is available to individuals only. APY refers to Annual Percentage Yield. Rates are subject to change at any time. Minimum balance is $2,500 or an average collected balance of $5,000 and a $10.00 monthly Account Service Fee applies if balance falls below minimum. Transfers from a Money Market account to another account or to third parties by preauthorized, automatic, telephone or internet transfers or by check, draft, debit card, or similar order to third parties are limited to six per statement cycle. A $15.00 service fee applies for each withdrawal exceeding six. Fees may reduce earnings. Other fees or restrictions may apply.

Hoyne Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
4786 N Milwaukee Ave, Chicago, IL 60630
Money Market Deposit Account
0.50%
$1,000
Rate0.50%
Min Deposit$1,000
Min Balance
UpdatedSep 14, 2026
Details

Parkway Bank and Trust Company
Institution Rating:
A5.0 ★ Texas Ratio: 8.65%
4646 N Cumberland Ave, Chicago, IL 60656
Business Preferred Money Market (BPMM)
0.44%
Rate0.44%
Min Deposit
Min Balance
UpdatedSep 20, 2026
Details

Balance: Over $2,000,000

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Chicago, Illinois and the surrounding area.

Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.

Top Money Market Rates from Chicago, Illinois Institutions

Highest verified APYs available today, updated September 22, 2026

B Top 5 Bank Rates
Waterman Bank
Business Money Market
A 5.0 ★ TX: 8.69%
Min: $2,500
3.82%
State Bank of Texas
High-Rate Jumbo Money Market
A 5.0 ★ TX: 12.15%
Min: $100,000
3.76%
Peoples Bank (IN)
Money Market Special
A 5.0 ★ TX: 10.43%
Min: —
3.50%
International Bank of Chicago
Premier Money Market
A+ 5.0 ★ TX: 5.06%
Min: —
3.40%
The Huntington National Bank
Relationship Money Market Account - With Huntington Perks Checking
A 5.0 ★ TX: 6.08%
Min: —
3.35%
CU Top 5 Credit Union Rates
Great Lakes Credit Union
Money Market Account
A 5.0 ★ TX: 6.33%
Min: —
5.00%
Michigan State University Federal Credit Union
Business IMMA - Tier 7
A 5.0 ★ TX: 9.07%
Min: —
3.35%
Selfreliance Federal Credit Union
Money Market Accounts
A+ 5.0 ★ TX: 5.34%
Min: —
3.29%
Verve a Credit Union
Optimum Money Market
A+ 5.0 ★ TX: 2.59%
Min: —
3.24%
NuMark Credit Union
Money Market and over
A+ 5.0 ★ TX: 5.91%
Min: $250,000
3.00%
Rates verified September 22, 2026 . Click an institution name to view its full profile, safety ratings, and all money market products.

Chicago, IL Money Market Rate Trends

Compare local Chicago, IL 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.

View Full Illinois MMA Trends →
High-Yield MMA IL Avg
3.063%
▲ 0.008 vs 7 days ago

Illinois high-yield MMA rates rose 0.008 points over the past 7 days to 3.063% APY.

Standard MMA IL Avg
0.731%
▼ 0.042 vs 7 days ago

Illinois standard MMA rates fell 0.042 points over the past 7 days to 0.731% APY.

As of Sep 22, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Chicago, Illinois Money Market Rate Forecast, Next 12 Months

Money market rates move with Federal Reserve policy. Our model uses the current IL high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026–2027.

Current HY MMA Avg, IL
3.063%
As of Sep 22, 2026
6-Month Forecast
3.113%
Fed hold assumed
12-Month Forecast
3.163%
Range: 2.913% – 3.363%

Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current IL high-yield money market average of 3.063% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.

Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.

Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Chicago, Illinois.

Money Market Account Earnings in Chicago, Illinois

Annual interest earnings at current IL average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.

Balance HY Money Market (3.063% APY) Monthly Earnings Standard MMA (0.731% APY) Monthly Earnings
$10,000 $306.26 / year $25.52 $73.07 / year $6.09
$25,000 $765.65 / year $63.80 $182.68 / year $15.22
$50,000 $1,531.30 / year $127.61 $365.35 / year $30.45
$100,000 $3,062.60 / year $255.22 $730.70 / year $60.89
Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Chicago, Illinois money market rate averages as of September 22, 2026.
28
Institutions with Money Market Rates in Chicago
16 Banks 12 Credit Unions

About Our Chicago, Illinois Money Market Rate Database

MonitorBankRates found 28 institutions with branches in Chicago (16 banks, 12 credit unions). Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.

Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.

Current top rate: Great Lakes Credit Union offers a money market account at 5.00% APY. Use the rate table above to compare all current offers in Chicago, Illinois.

How to Find the Best Money Market Rates in Chicago, Illinois

What to compare when shopping for a money market account in Chicago, Illinois

To find the best money market APYs in Chicago, Illinois, start with credit unions and online-only banks: Chicago, Illinois has 12 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.

Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000–$25,000, with lower rates (or monthly fees) below that threshold. The current IL high-yield money market average is 3.063% but top local institutions are offering as high as 5.00%, so shopping around pays off.

Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.

When a Money Market Account Makes Sense

  • Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Chicago, Illinois high-yield money market rates currently average 3.063% APY, far above a typical checking account.
  • Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
  • Parking cash between investments: A high-yield money market account at Chicago, Illinois institutions keeps idle cash working harder while remaining fully accessible.
  • You prefer banking locally: 28 institutions in Chicago, Illinois report money market rates to our database.
  • No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.

Consider an Alternative If…

Chicago, Illinois Financial Snapshot

Local demographics and economic context for savers . Source: U.S. Census Bureau

Population 65+
13.8%
National avg: 17.3%
Median Individual Earnings
$49,320
National avg: $47,340
Poverty Rate
16.8%
National avg: 11.1%
Unemployment Rate
8.0%
National avg: 4.8%
MMA Earnings on 10% of Salary
$151/yr
At IL HY MMA avg 3.063% APY

13.8% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 8.0% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s IL high-yield money market average of 3.063%, saving 10% of the local median salary ($4,932/year) would earn an additional $151 annually in interest.

Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.

Money Market Accounts vs. Other Chicago, Illinois Options

How money market deposit accounts compare to other deposit products available at banks and credit unions in Chicago, Illinois.

Feature Money Market High-Yield Savings Standard Savings CD (12-Month)
Current IL Avg APY 3.063% View Savings Rates 0.731%(Standard MMA) View CD Rates
Rate Type Variable Variable Variable Fixed for term
FDIC / NCUA Insured Up to $250K Up to $250K Up to $250K Up to $250K
Withdraw Anytime Yes Yes Yes Penalty applies
Check Writing Often yes No No No
Debit / ATM Card Often yes Some institutions Rarely No
Typical Min Deposit $0 – $2,500 $0 – $100 $25 – $100 $500 – $1,000
Rate Risk Variable, moves with Fed policy Variable, moves with Fed policy Variable, moves with Fed policy None, locked for term
Best For Active savers wanting flexibility + check writing Emergency fund, short-term goals, parking cash Everyday saving, low-balance accounts Locking in a rate for a defined period

APY data reflects Chicago, Illinois averages tracked in our database as of September 22, 2026. Rates are variable and may differ by institution. See individual product pages for full details.

Chicago, Illinois Money Market Account Calculator

See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Chicago, Illinois rate on the right to apply it instantly. Interest compounds monthly.

Interest Earned
$0
Total Contributions
$0
Ending Balance
$0

Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.

Current Chicago, Illinois Money Market Rates

Verified September 22, 2026 — click a rate to use it
Rates shown are actual verified offers available in Chicago, Illinois and statewide averages from our monitoring database. See the full rate table above for all offers.

Methodology & Data Sources

Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Chicago, Illinois money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.

A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.

Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Chicago, 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 Chicago, 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.

Disclaimer: Interest rates are variable and subject to change without notice. Verify current offers directly with the institution’s official website. Last Updated and Verified: September 22, 2026

Frequently Asked Questions about Money Market Accounts in Chicago, Illinois

What is a Money Market Account (MMA)?

A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Illinois.

Are Money Market accounts in Chicago, Illinois safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Illinois up to $250,000 per depositor, per institution.

How often do MMA rates change in Chicago, Illinois?

Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Illinois rate tables daily to ensure you see the most current high-yield options.

Can I write checks from a Money Market Account?

Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.

How much do I need to deposit to open a money market account in Chicago, Illinois?

Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Chicago, Illinois require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.

Can I lose money in a Money Market Account?

No. You cannot lose your principal in a money market deposit account as long as the bank is FDIC insured or the credit union is NCUA insured, up to $250,000 per depositor. This makes MMAs different from money market mutual funds, which are investments and are not federally insured.

What is the difference between a Money Market Account and a Money Market Fund?

A Money Market Account (MMA) is a federally insured bank or credit union deposit account. A money market fund is a mutual fund investment offered by brokerages that is not FDIC or NCUA insured and can, in rare cases, lose value. The rates on this page are for insured money market deposit accounts.

Do I have to pay taxes on money market account interest?

Yes. Interest earned on money market deposit accounts is taxable income in the U.S. You will typically receive a Form 1099-INT if you earn more than $10 in interest annually.

Are online banks better than local banks in Chicago, Illinois for money market accounts?

Online banks often offer higher money market APYs because they have lower overhead costs. However, local banks and credit unions in Chicago, Illinois offer in-person service and may waive minimum balance requirements for existing customers, which some savers prefer.

Best Money Market Rates in Chicago, Illinois

Here are some of the highest money market account APYs currently available in Chicago, Illinois and the surrounding area:
  • Great Lakes Credit Union
    Money Market Account: 5.00% APY
  • Waterman Bank
    Business Money Market: 3.82% APY
  • State Bank of Texas
    High-Rate Jumbo Money Market: 3.76% APY
  • Peoples Bank (IN)
    Money Market Special: 3.50% APY
  • International Bank of Chicago
    Premier Money Market: 3.40% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Chicago, Illinois. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: September 22, 2026

Chicago, Illinois Rates & Resources