Highest Money Market Rates in Alabama
12 Alabama-specific accounts
Top Alabama Rate:3.50% APYFDIC or NCUA Insured
The Alabama market
Alabama accounts
12
Institutions
9
Top Alabama APY
3.50% APY
Nationally: 4.00% APY
FDIC national average
0.63%
As of Sep 2026
12 money market accounts are open only to Alabama residents, from 9 institutions. The highest advertised APY among them is 3.50%.
The highest nationally available rate is 4.00% APY, 50 basis points above the Alabama leader.
4 of the 12 Alabama money market accounts advertise more than the FDIC national average of 0.63% for money market accounts as of Sep 2026.
Alabama-Specific Money Market Accounts
Money market accounts specifically available to Alabama residents.
| Institution | Product / Term | APY |
|---|---|---|
| Local Bank | Money Market Accountneeds at least $250,000 | Up to3.50% |
| FirstBank | Consumer Fed Funds Money Marketneeds at least $100,000 | Up to3.15% |
| Gateway First Bank | Gateway Money Marketneeds at least $25,000 | Up to2.50% |
| United Community Bank | Personal Money Marketneeds at least $500,000 | Up to1.15% |
| First Southern State Bank | Money Primeneeds at least $25,000 | Up to0.50% |
| First Southern State Bank | Money Market | 0.40% |
| Farmers and Merchants Bank | Wall Streetneeds at least $50,000 | 0.30% |
| First Horizon Bank | Money Market Savingsneeds at least $50,000 | Up to0.15% |
| First Horizon Bank | TotalView Money Market Savingsneeds at least $50,000 · needs a linked account at the bank | Up to0.15% |
| Citizens Trust Bank | MTA Investor Account | 0.10% |
| Citizens Trust Bank | MTA Silver Investor Account | 0.10% |
| The First National Bank and Trust | FNB MMA | 0.05% |
Nationally Available Money Market Accounts
The 8 highest-rate money market accounts available nationwide, including in Alabama.
| Institution | Product / Term | APY |
|---|---|---|
| Bank5 Connect | Money Market Account | 4.00% |
| Climate First Bank | Impact Money Market | 3.96% |
| Prime Alliance Bank | Personal Money Market | 3.90% |
| Quontic Bank | Money Market Account | 3.90% |
| Customers Bank | Ascent Money Market Savings Account | 3.63% |
| Sallie Mae Bank | Money Market Account | 3.60% |
| FNBO Direct | Online Money Market Accountneeds at least $500,000 | Up to3.55% |
| U.S. Bank | Elite Money Marketbalances of $25,000 to $9,999,999,999.99 only | Up to3.40% |