Decatur, Illinois Money Market Rates - September 2026
Brian McKay
Brian McKay
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Current Decatur, Illinois and the surrounding area money market deposit account rates include First Mid Bank & TrustFirst Mid Bank & Trust455 N Main St, Decatur, IL 62523A+5.0 ★Texas Ratio: 4.27%Real return: +0.64%APY minus 2.8% CPI (February 2026) Jumbo Money Market at 3.44% APY, Land Of Lincoln Credit UnionLand Of Lincoln Credit Union3130 E Mound Rd, Decatur, IL 62526A5.0 ★Texas Ratio: 7.07%Real return: -0.09%APY minus 2.8% CPI (February 2026) MAXimum Money Market - Tier 4 at 2.71% APY, Citizens Equity First Credit UnionCitizens Equity First Credit Union3301 N Woodford St, Decatur, IL 62526 2837A+5.0 ★Texas Ratio: 5.26%Real return: -0.25%APY minus 2.8% CPI (February 2026) Insured Money Market Account (IMMA) at 2.55% APY, Staley Credit UnionStaley Credit Union3330 N Woodford St, Decatur, IL 62526A+5.0 ★Texas Ratio: 0.41%Real return: -0.29%APY minus 2.8% CPI (February 2026) Preferred Money Market Accounts at 2.51% APY, and Heartland Bank and Trust CompanyHeartland Bank and Trust Company303 N Main St, Decatur, IL 62523A+5.0 ★Texas Ratio: 1.12%Real return: -0.53%APY minus 2.8% CPI (February 2026) Capital Money Market at 2.27% APY. Money market rates as of September 22, 2026 according to verified data from MonitorBankRates.
Decatur has 9 local institutions in our database, with money market rates as high as 3.44% APY from First Mid Bank & Trust at 455 N Main St, Decatur, IL 62523. 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 Decatur, Illinois and surrounding area. Last Updated and Verified: September 22, 2026
Compare the Best Money Market Rates Today in Decatur, Illinois & the Surrounding Area
Balance: $250,000 or more; Rate: Federal Funds Effective Rate minus 0.25%
Balance: $100,000 - $249,999.99; Balance: $100,000 - $249,999.99; Rate: Federal Funds Effective Rate minus 0.50%
Balance: $250,000.00
Balance: $50,000 - $99,999.99; Rate: Federal Funds Effective Rate minus 1.00%
Balance: $100,000.00 and over
Balance: $150,001 and Above
Balance: $50,000.00 - $99,999.99
Balance: $25,000.00 - $49,999.99
Balance: More than $500,000
Balance: $2,500.00 - $24,999.99
Balance: $100,000 and up
Balance: $100,000 - $500,000
Balance: Over $100,000.00
Balance: $50,001 - $150,000
Balance: $100,000.00
Balance: $50,000 Thru $99,999.99
Balance: $25,000 Thru $49,999.99
Balance: $25,000-$99,999.99
Balance: $25,001 - $50,000
Balance: $50,000.00
Balance: $25,000.00
Balance: $10,000 Thru $24,999.99
Balance: $25,000.00
Balance: $2,500 Thru $9,999.99
Balance: $10,001 - $25,000
Balance: $50,000 - $99,999.99
Balance: $10,000-$24,999.99
Balance: $10,000.00
Balance: $2,500.00
Balance: $95,000 and over
Balance: $2,001 - $10,000
Balance: $1,000-$9,999.99
Balance: $100,000 or more
Balance: $50,000 or more
Balance: $10,000 - $49,999.99
Balance: $50,000 and $99,999.99
Balance: $50,000-$94,999.99
Balance: $25,000-$49,999.99
Balance: $10,000-$24,999.99
Balance: $25,000 - $49,999.99
Balance: $25,000 - $49,999.99
Compounding: Monthly
Balance: $10,000 - $24,999.99
Balance: $10,000.01 - $25,000
Balance: $5,000 - $24,999.99
Balance: $0 - $2,000
Balance: $0 - $2,500.00
Balance: $0 - $4,999.99
Balance: Less Than $10,000
Balance: Less than $10,000
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.
*** as of 1/6/2026
*** as of 1/6/2026
Balance: $1,000,000+
Balance: $0.01-$2,499.99
Balance: $0.01-$2,499.99
Balance: $500,000+
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.
No minimum balance to earn APY; APY may change after account opening; Limited to 6 preauthorized transfers or withdrawals per monthly statement cycle; Excess withdrawal fee for more than 6 withdrawals or transfers per month may reduce earnings on the account.
Balance: $500,000 - $999,999.99
Balance: $1,000,000+
Balance: $1,000,000+
Balance: $500,000 - $999,999.99
Balance: $500,000 - $999,999.99
Balance: $250,000 - $499,999.99
Balance: $100,000 - $249,999.99
Balance: $1,000,000+
Balance: $500,000+
Balance: $100,000 & above; New money only
New money only; Balance: $100,000 & above
$15,000+; Intro rate
Balance: $500,000 - $999,999.99
Balance: $250,000-$1,000,000; Credit Frequency: Monthly
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $250,000 - $499,999.99
Balance: $250,000; Credit Frequency: Monthly
Valid Thru: 09/20/2026
Valid Thru: 09/20/2026
Valid Thru: 09/20/2026
Balance: $500,000 and up
Valid Thru: 09/20/2026
Valid Thru: 09/20/2026
Valid Thru: 09/20/2026
Valid Thru: 09/20/2026
Valid Thru: 09/20/2026
Valid Thru: 09/20/2026
Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Level 2: All-In Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Account opening deposit not required. Fees may reduce earnings on this account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying transaction. Dividends are compounded and credited monthly and are calculated based on the daily balance method. Excludes ATM and cash transactions. For full terms and conditions, please refer to our Truth in Savings Disclosure. Rate = dividend rate.
Balance: $200,000.00+
Qualifications Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days; Level 2: All-In Required: 21+ debit or credit card transactions per month and a minimum of $1,500 in direct deposit(s) and/or mobile deposit into a qualifying account within the last 31 days. APY=Annual Percentage Yield. Rates may change after account is opened. Rate is accurate as of last dividend declaration date. Account opening deposit not required. Fees may reduce earnings on this account. Transaction count is NOT a combination of debit and credit card transactions. Debit Card transactions must be posted to the account within the last 31 days and be posted to the account by the end of business day of the last day of the month for it to be considered a qualifying transaction. Credit Card transactions must be posted between the 27th of the previous month and the 26th of the current month to be considered a qualifying transaction. Dividends are compounded and credited monthly and are calculated based on the daily balance method. Excludes ATM and cash transactions. For full terms and conditions, please refer to our Truth in Savings Disclosure. Rate = dividend rate.
Term: $250,000.00 and above; Balance: $250,000.00 and above
Balance: $50,000 or more; Compounding and Crediting Frequency: Monthly
Balance: $1,000,000 and over
Balance: $1,000,000 and over
$250,000; 1 2
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.
Decatur, IL Money Market Rate Trends
Compare local Decatur, 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.
Illinois high-yield MMA rates rose 0.008 points over the past 7 days to 3.063% APY.
Illinois standard MMA rates fell 0.042 points over the past 7 days to 0.731% APY.
Decatur, 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.
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 Decatur, Illinois.
Money Market Account Earnings in Decatur, 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: Decatur, Illinois money market rate averages as of September 22, 2026. | ||||
About Our Decatur, Illinois Money Market Rate Database
MonitorBankRates found 9 institutions with branches in Decatur (3 banks, 6 credit unions), plus 38 additional state-chartered and national online institutions available to Decatur residents. 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: First Mid Bank & Trust offers a money market account at 3.44% APY with a minimum deposit of $50,000. Use the rate table above to compare all current offers in Decatur, Illinois.
How to Find the Best Money Market Rates in Decatur, Illinois
What to compare when shopping for a money market account in Decatur, Illinois
To find the best money market APYs in Decatur, Illinois, start with credit unions and online-only banks: Decatur, Illinois has 21 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 3.44%, 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. Decatur, 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 Decatur, Illinois institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 47 institutions in Decatur, Illinois report money market rates to our database.
- You’re among Decatur, Illinois’s 21.3% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Decatur, Illinois CD rates
- You don’t need check writing and want a lower minimum → Decatur, Illinois savings rates
- You need daily transaction access → Decatur, Illinois checking rates
Decatur, Illinois Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
21.3% of residents are 65 or older, above the national average of 17.3%, making liquid, accessible money market accounts a particularly relevant option in this market; an unemployment rate of 8.3% (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 ($3,851/year) would earn an additional $118 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Decatur, Illinois Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Decatur, 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 Decatur, 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.
Decatur, 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 Decatur, Illinois rate on the right to apply it instantly. Interest compounds monthly.
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.
Money Market & Savings Calculators for Decatur, Illinois
At IL’s top money market rate of 3.44% from First Mid Bank & Trust, a $10,000 deposit earns $344 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Decatur, Illinois earner is roughly $9,600. At 3.063% APY in a money market account, saving $800/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountIllinois’s high-yield money market average is 3.063% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Decatur, Illinois earner makes $38,517/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.063% APY.
Retirement PlannerA $25,000 money market balance earning 3.063% APY grows to roughly $45,705 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Decatur, 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 Decatur, 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 Decatur, 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.
Frequently Asked Questions about Money Market Accounts in Decatur, Illinois
What is a Money Market Account (MMA)?
Are Money Market accounts in Decatur, Illinois safe?
How often do MMA rates change in Decatur, Illinois?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Decatur, Illinois?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Decatur, Illinois for money market accounts?
Best Money Market Rates in Decatur, Illinois
- First Mid Bank & Trust
Jumbo Money Market: 3.44% APY - Land Of Lincoln Credit Union
MAXimum Money Market - Tier 4: 2.71% APY - Citizens Equity First Credit Union
Insured Money Market Account (IMMA): 2.55% APY - Staley Credit Union
Preferred Money Market Accounts: 2.51% APY - Heartland Bank and Trust Company
Capital Money Market: 2.27% APY
Decatur, Illinois Rates & Resources
