Money Market Accounts
Live Money Market Rate Dashboard
The highest money market rate on Banksparency is 4.00% APY, advertised by Bank5 Connect on its Money Market Account. This page tracks 110 active money market accounts from 80 banks.
By Aviel Fahl
|Money Market Account Dashboard
Live signals across 80 tracked banks.
The mean of the 59 money market accounts in the Banksparency money market index is 1.48%. The FDIC national average for money market accounts is 0.63% as of Aug 2026. The effective federal funds rate is 3.63% as of Aug 20, 2026.
Market Snapshot
Top 10 Range
3.50%–4.00% APY
MM Avg
1.48% APY
Across all 59 tracked accounts, median 1.00%
EFFR
3.63%
As of Aug 20, 2026
FDIC MM Avg
0.63%
As of Aug 2026•Nat. Cap: 4.38%
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Latest Rate Changes
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Effective Federal Funds Rate
Policy rate benchmark
FDIC National Average
Money market account benchmark
- Central Penn Bank & Trust
Personal Money Market
1.25% APY+1.00%
- Bonanza Valley State Bank
Money Market
0.80% APY-1.30% - All America Bank
Super Savers MMDA
2.75% APY-0.50% - First Fed Bank
Spruce Money Market
0.01% APY-0.29% - Presidential Bank
Commercial Money Market
0.15% APY-0.15% - Florence Bank
Money Market Account
0.05% APY-0.10%
Top 10 Highest Money Market Rates Right Now
By advertised APY.
Bank5 Connect leads at 4.00% APY on its Money Market Account. The tenth-ranked money market rate is 3.50%, so the top ten span 0.50 points. The leader is 6.3 times the FDIC national average of 0.63%.
| Institution | Product / Term | APY |
|---|---|---|
| Bank5 Connect | Money Market Account | 4.00% |
| Climate First Bank | Impact Money Market | 3.96% |
| Waterman Bank | Money Market | 3.82% |
| Quontic Bank | Money Market Account | 3.80% |
| Bank Michigan | Premier Money Market Investments (MMI) | 3.75% |
| Prime Alliance Bank | Personal Money Market | 3.75% |
| FinWise Bank | Consumer Money Market | 3.70% |
| Security State Bank of Marine | Money Market Platinum | 3.56% |
| FNBO Direct | Online Money Market Account | 3.55% |
| Dundee Bank | Platinum Money Market Account | 3.50% |
Money market rate questions
What is the highest money market rate right now?
Bank5 Connect advertises 4.00% APY on its Money Market Account, the highest of 110 active money market accounts tracked on Banksparency as observed on Saturday, August 22, 2026.
What is the average money market rate?
The mean of the 59 money market accounts in the Banksparency money market index is 1.48%. It measures that population, not every money market account on this page. The FDIC national average for money market accounts is 0.63% as of Aug 2026.
How do the top money market rates compare with the FDIC national average?
The ten highest advertised rates run from 3.50% to 4.00% 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 rates on this page were last observed on Saturday, August 22, 2026. Banksparency reads each institution's advertised rate from its own website and records the date of every observation. 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.