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If you want to save for the long-term, a money market account might be your best bet. Money market accounts in Elgin, IL, are currently at an average of 0.15 percent, but several institutions are offering better-than-average rates.
Money market accounts are insured by the FDIC up to $250,000, making them a safe investment. Look for money market accounts in Elgin, IL, or in your area of Illinois.
Money market accounts in Elgin, Illinois
Here are the money market account rates in Elgin, IL, as of 12:00 p.m.
| Bank Institutions | Intro Rate | Intro Months | Rate After Intro | APY | Min Bal Open | Min Bal Avoid Fees | Monthly Fees |
| Ally | 0% | 0 | 0.99% | 0.99% | $0 | $0 | $0 |
| First Community Bank | 0% | 0 | 0.35% | 0.35% | $100 | $1,000 | $10 |
| The Elgin State Bank | 0% | 0 | 0.21% | 0.21% | $2,500 | $2,500 | $15 |
Calculate your money market account rate with our savings calculator.
