Money Market Accounts
Money Market Rates and Market Data
The highest money market rate on Banksparency is 4.64% APY, advertised by First Service Bank on its Personal Premier Money Market Account. This page tracks 1,060 active money market accounts from 794 banks.
By Aviel Fahl
|Money Market Rate Summary
794 tracked banks, each read at its own site.
A money market account keeps checks and a card on the balance, so the money stays reachable while it earns. At the FDIC money market average, $10,000 earns about $63 over a year. The ten highest accounts we track advertise 4.00%–4.64% APY. Consumer prices climbed 3.40% in the year to August 2026, the figure a rate must top before the money earns anything real.
The mean of the 498 money market accounts in the Banksparency money market index is 1.35%. The effective federal funds rate is 3.88% as of Oct 2, 2026.
How rates moved this week, this month, and this quarter
Effective Federal Funds Rate
Policy rate benchmark
FDIC National Average
Money market account benchmark
- Bank Forward
Forward Money Market Savings
2.00% APY+0.90 percentage points - The Farmers State Bank
Pinnacle Money Market
0.85% APY+0.65 percentage points - GreenWay Bank
Money Market Special
4.25% APY+0.50 percentage points - Park Bank, National Association
Insured Money Market Account
2.61% APY+0.25 percentage points - Cornhusker Bank
Platinum Money Market Account
3.87% APY+0.21 percentage points - Fall River Five Cents Savings Bank
Accelerator Money Market
2.68% APY+0.20 percentage points - BankNorth
Money Market Account
1.71% APY+0.20 percentage points - The First National Bank of Moose Lake
Investors Money Market Savings
1.20% APY+0.20 percentage points - Foresight Bank
Money Market
2.94% APY+0.16 percentage points - Grand Valley Bank
Money Market Account
2.85% APY+0.15 percentage points - Harvest Bank
Prime Time Money Market
2.60% APY+0.15 percentage points - Pioneer Trust Bank, National Association
Money Market Investment Account
2.53% APY+0.15 percentage points - Winchester Co-operative Bank
Money Market Deposit Account
2.30% APY+0.15 percentage points - Saco & Biddeford Savings Institution
Essential Money Market
2.25% APY+0.15 percentage points - PlainsCapital Bank
Personal Money Market
3.18% APY+0.11 percentage points - Spring Bank
Money Market Account
3.00% APY+0.10 percentage points - Citizens State Bank Norwood Young America
Prime Money Market
2.27% APY+0.10 percentage points - Bank of Utica
Personal MMA
2.20% APY+0.10 percentage points - Pathway Bank
Karat Money Market
1.85% APY+0.10 percentage points - Wyoming Community Bank
Money Market Account
1.56% APY+0.10 percentage points - Millbury National Bank
Platinum Money Market
3.42% APY+0.09 percentage points - Iowa State Bank
Money Market
3.10% APY+0.06 percentage points - The First National Bank of Blanchester
MMDA Personal
1.16% APY+0.06 percentage points - Trinity Bank, N.A.
Trinity Personal Money Market Account
3.09% APY+0.05 percentage points - Raymond James Bank
Money Market Account
0.05% APY+0.02 percentage points
- The First National Bank of Nevada, Missouri
Super Money Market Account
2.50% APY-0.03 percentage points
Top 10 Highest Money Market Rates Right Now
By advertised APY.
First Service Bank leads at 4.64% APY on its Personal Premier Money Market Account. The tenth-ranked money market rate is 4.00%, so the top ten span 0.64 points. The leader is 7.4 times the FDIC national average of 0.63%.
| Institution | Product / Term | APY | Sponsored link |
|---|---|---|---|
| First Service Bank | Personal Premier Money Market Accountup to $20,000 only | 4.64% | |
| GreenWay Bank | Money Market Special | 4.25% | |
| GSL Savings Bank | GSL Money Maker Accountneeds at least $25,000 | Up to4.03% | |
| American Bank & Trust Company, Inc. | Money Market (Personal)needs at least $1,000,000 | Up to4.00% | |
| Bank5 Connect | Money Market Account | 4.00% | |
| Farmers and Merchants Bank of St. Clair | Premium MMDAneeds at least $250,000 | 4.00% | |
| Farmers & Merchants State Bank | Premium Money Marketneeds at least $750,000 | 4.00% | |
| First Bank of Central Ohio | Platinum Money Market | 4.00% | |
| Salem Five Cents Savings Bank | Club Five Money Marketneeds at least $100,000 · checking account required | Up to4.00% | |
| United Trust Bank | New Money Only Money Marketneeds at least $100,000 | Up to4.00% |
Money market rate questions
What is the highest money market rate right now?
First Service Bank advertises 4.64% APY on its Personal Premier Money Market Account, the highest of 1,060 active money market accounts tracked on Banksparency.
What is the average money market rate?
The mean of the 498 money market accounts in the Banksparency money market index is 1.35%. It measures that population, not every money market account on this page.
How do the top money market rates compare with the FDIC national average?
The ten highest advertised rates run from 4.00% to 4.64% APY, against an FDIC national average of 0.63%. The FDIC national rate cap for money market accounts is 4.38%.
When were these money market rates last observed?
The newest reading on this page is from Tuesday, October 6, 2026. Banksparency reads each institution's advertised rate on that institution's own website, and it records the date of each reading. Some rates on this page carry an earlier date. A rate can change at any time, so confirm it with the institution before you open an account.
Are money market accounts FDIC insured?
Yes, at a bank. A money market account is a deposit account, and the FDIC insures it up to $250,000 per depositor, per ownership category. At a credit union the NCUA insures it to the same limit. A money market mutual fund is an investment product and has no such insurance.