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Big Banks and Wealth Advisors - Not Interested in Paying YOU

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As a true community bank, McHenry Savings Bank (MSB) understands our clients value a strong return on the money they place with us. And… we know many of the Big Banks and Wealth Managers are relying on their customers not paying attention so they are paying less. Unlike many of our competitors, MSB is keeping pace with the Federal Reserve’s increases and we ARE offering attractive and competitive rates.

Are you getting the highest interest rates on your checking, savings, or money market accounts? Check your statements to be sure. MSB clients recognize we often pay higher rates than our competitors so they have been proactively moving their extra cash into products we offer with higher yields, like our Indexed accounts (Premier checking, Indexed money market and Indexed savings accounts).

Our Indexed products are tied to the Treasury which is great for you in this rising rate market. MSB products typically are offering returns between 3-4% annual percentage yield compared to the typical savings account rate of 0.30% or lower.

All financial institutions know that as rates rise, the opportunity cost of leaving idle cash in low-yielding accounts increases. That is why we are committed to offering our customers the best possible return. Many people have accumulated extra savings during the pandemic, and we want to make sure our clients are able to make the most of those savings.

In contrast to big banks or wealth managers, we do not rely on extra cash that investors leave in their accounts for a large part of our revenue. We are a small community bank, focused on service our local community, and we are committed to offering the best possible returns on our customers’ accounts with us.

So if you are looking for a bank that values you AND the money you place with us, call us, come in or open your account online. Our Personal Bankers are happy to answer your questions and provide you with options so you can earn more. Call (815) 385-3000 or visit for more information. Member FDIC.