Money Market Accounts
Money Market Rates and Market Data
The highest money market rate on Banksparency is 4.00% APY, advertised by Bank5 Connect on its Money Market Account. This page tracks 134 active money market accounts from 95 banks.
By Aviel Fahl
|Money Market Rate Summary
95 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 3.50%–4.00% APY. Consumer prices climbed 3.36% in the year to July 2026, the figure a rate must top before the money earns anything real.
The mean of the 93 money market accounts in the Banksparency money market index is 1.41%. The effective federal funds rate is 3.63% as of Sep 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
- Quontic Bank
Money Market Account
3.90% APY+0.10% - Fall River Five Cents Savings Bank
Accelerator Money Market
2.48% APY+0.06%
- Bonanza Valley State Bank
Money Market
0.80% APY-1.30% - All America Bank
Super Savers MMDA
2.75% APY-0.50% - Presidential Bank
Commercial Money Market
0.15% APY-0.15% - First Fed Bank
First Rate Money Market
0.01% APY-0.14% - 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 | Sponsored link |
|---|---|---|---|
| Bank5 Connect | Money Market Account | 4.00% | |
| Climate First Bank | Impact Money Market | 3.96% | |
| Quontic Bank | Money Market Account | 3.90% | |
| Waterman Bank | Money Market | 3.82% | |
| 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 134 active money market accounts tracked on Banksparency.
What is the average money market rate?
The mean of the 93 money market accounts in the Banksparency money market index is 1.41%. 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 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 newest reading on this page is from Friday, September 4, 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.