Madrid, Alabama Money Market Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Madrid, Alabama money market account rates from banks and credit unions serving Alabama range from 1.00% to 5.00% APY, verified by MonitorBankRates as of October 12, 2026. Current Madrid, Alabama and the surrounding area money market deposit account rates include Max Credit UnionMax Credit UnionA+5.0 ★Texas Ratio: 2.18%Real return: +2.20%APY minus 2.8% CPI (February 2026) Elevate Money Market Account - Reverse Money Market at 5.00% APY, Avadian Credit UnionAvadian Credit UnionA+5.0 ★Texas Ratio: 3.41%Real return: +0.85%APY minus 2.8% CPI (February 2026) New Business Money Market at 3.65% APY, Bank of FrankewingBank of FrankewingF2.7 ★Texas Ratio: 42.60%Real return: +0.76%APY minus 2.8% CPI (February 2026) Money Market at 3.56% APY, VirtualBankVirtualBankA+5.0 ★Texas Ratio: 5.76%Real return: +0.71%APY minus 2.8% CPI (February 2026) eMoney Market Special at 3.51% APY, and Mutual Savings Credit Union Hoover, ALMutual Savings Credit Union Hoover, ALA+5.0 ★Texas Ratio: 1.18%Real return: +0.70%APY minus 2.8% CPI (February 2026) Business Elite Money Market at 3.50% APY. Money market rates as of October 12, 2026 according to verified data from MonitorBankRates.
Madrid is a smaller community with no bank or credit union branches currently in our database. 150 institutions serving the Alabama area are available to Madrid residents, with money market rates as high as 5.00% APY from Max Credit Union. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Madrid, Alabama and surrounding area. Last Updated and Verified: October 12, 2026
Compare the Best Money Market Rates Today in Madrid, Alabama & the Surrounding Area
Balance: up to $2,500
Balance: $2,500.01 - $5,000
Interest Paid: Monthly
Balance: $50,000.00 - $99,999.99
eMoney Market interest rates and APYs are variable, based on account balances, and subject to change daily without notice. eMoney Market Special rate is for new accounts opened today.
Balance: $200,000.00 +
- Oct 9, 20263.50%▲ from 3.25%
- Sep 18, 20263.25%first recorded
Balance: $200,000.00 +
- Oct 9, 20263.50%▲ from 3.25%
- Sep 14, 20263.25%first recorded
Balance: $50,000 +. Special anniversary offer: add 0.75% with direct deposit.
Balance: $50,000.01 to $100,000.00
Balance: $500,000.00 - or more
Balance: $250,000.00 - $499,999.99
Balance: $150,000.00 - $249,999.99
Balance: $100,000.00 - $149,999.99
Balance: $2,500 to $9,999.99
- Oct 2, 20263.25%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Introductory rate for the first 6 months; $0 - New Deposits Only; dividend paid at 3.25% APY or 3.20% interest rate; limit 6 pre-authorized withdrawals per month
Balance: $50,000.00 - $99,999.99
Balance: $1,000,000 and over
- Oct 9, 20263.25%▲ from 3.04%
- Sep 14, 20263.04%first recorded
Balance: $15,000 - $49,999. Special anniversary offer: add 0.75% with direct deposit.
Balance: $10,000.00 & above (Variable: Prime-3.75%)
Balance: $0.00 - or more
Balance: $25,000.00 - $49,999.99
Balance: $100,000 and over
Balance: $100,000+; Monthly Interest Credited
Balance: Over $250,000
Balance: $25,000.00 - $249,999.99
Balance: $0.00 - $2,499.00; Tier: First
Balance: $500,000 - $999,999.99
- Oct 9, 20263.00%▲ from 2.53%
- Sep 18, 20262.53%first recorded
Balance: $5,000.01 - $15,000
Balance: $250,000 - $499,999.99
- Oct 9, 20262.85%▲ from 2.53%
- Sep 18, 20262.53%first recorded
Balance: $250,000 - $499,999.99
Balance: $500,000 or greater
- Oct 10, 20262.78%▲ from 2.63%
- Sep 14, 20262.63%first recorded
Balance: $100,000 - $249,999
Balance: $100,000 - $249,999.99
- Oct 9, 20262.75%▲ from 2.53%
- Sep 18, 20262.53%first recorded
Earn up to 2.75% APY* on balances of $50,000 or more and pay no monthly service fees. Your investment is insured up to $1,000,000**. With our Money Market Account, you can keep your money earning as much as possible without locking it away for months at a time. Unlike many higher-yield savings accounts, with a Money Market Account you have easy access to your money whenever you need it via checks***, in-person or online. You'll enjoy all the convenience of Family Saving Credit Union's money management tools including online banking, telephone banking, e-statements and our mobile app. APY = Annual Percentage Yield. Must meet Field of Membership requirements. You must keep the $5.00 par value of a regular share in FSCU to maintain this account. There is no minimum balance that must be kept in the Money Market Share Account, but no dividends are earned on average daily balances of $499.99 or less. Rates subject to change after account is opened. Rates may change every month as determined by the Board of Directors. These annual percentage yields are accurate as of the last dividend declaration date. Fees and other conditions could reduce earnings on the accounts. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The Dividend Period for our Money Market accounts is monthly. ** Member accounts insured to $1,000,000. Federally Insured by NCUA up to $250,000 and additionally insured up to $750,000 by ESI, a private insurance company. ***A Money Market Excessive withdrawal fee will be assessed if more than six withdrawals clear the account in a month.
Balance: $50,000 and up
Balance: $50,000 - $99,999
Balance: $10,000 - $14,999. Special anniversary offer: add 0.75% with direct deposit.
($2,500 daily balance required); $250,000 to $499,999.99
Balance: $1,000,000 and above; Membership required
Balance: $500,000 and greater
Balance: $250,000 or more
Balance: $10,000.00 - $24,999.99
Balance: $100,000.00 to $249,999.99
Balance: $100,000.01 - $199,999.99
- Oct 9, 20262.50%▲ from 2.25%
- Sep 18, 20262.25%first recorded
Balance: $100,000.01 - $199,999.99
- Oct 9, 20262.50%▲ from 2.25%
- Sep 14, 20262.25%first recorded
Balance: $25,000.00 - $49,999.99
Balance: $15,000 - $49,999
Balance: $500,000 and above
($2,500 daily balance required); $100,000 to $249,999.99
Jumbo; Balance: $100,000 - $499,999
- Oct 9, 20262.28%▲ from 2.12%
- Sep 18, 20262.12%first recorded
Balance: $25,000.00 - $49,999.99
Balance: $100,000 - $249,999.99
Balance: $500,000
Balance: $10,000 - $99,999.99
- Oct 9, 20262.25%▲ from 2.02%
- Sep 18, 20262.02%first recorded
Balance: $500,000.00+
Balance: $1,000 - $9,999. Special anniversary offer: add 0.75% with direct deposit.
Balance: $75,000.00 to $299,999.99; $20 service charge if balance drops below $15,000 any day during monthly cycle.
Balance: $2,500.00 - $9,999.99
Balance: $2,500 - $24,999.99
Balance: $1,000,000 and over
Balance: $30,000.00 to $74,999.99; $20 service charge if balance drops below $15,000 any day during monthly cycle.
Balance: $250,000 - $999,999
Balance: $250,000.00 and up
- Oct 12, 20261.00%▲ from 0.15%
- Sep 14, 20260.15%first recorded
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Madrid, AL Money Market Rate Trends
Compare local Madrid, AL money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Alabama high-yield MMA rates rose 0.062 points over the past 7 days to 3.137% APY.
Alabama standard MMA rates rose 0.117 points over the past 7 days to 0.596% APY.
Madrid, Alabama Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current AL high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current AL high-yield money market average of 3.137% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Madrid, Alabama.
Money Market Account Earnings in Madrid, Alabama
Annual interest earnings at current AL average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.137% APY) | Monthly Earnings | Standard MMA (0.596% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $313.67 / year | $26.14 | $59.63 / year | $4.97 |
| $25,000 | $784.18 / year | $65.35 | $149.08 / year | $12.42 |
| $50,000 | $1,568.35 / year | $130.70 | $298.15 / year | $24.85 |
| $100,000 | $3,136.70 / year | $261.39 | $596.30 / year | $49.69 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Madrid, Alabama money market rate averages as of October 13, 2026. | ||||
Available in Madrid, Alabama Area
About Our Madrid, Alabama Money Market Rate Database
MonitorBankRates tracks money market rate offers from 41 banks and credit unions available to Madrid, Alabama residents via statewide and national offers. No branch locations physically in Madrid are currently in our database, but all listed offers are open to Madrid depositors. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Max Credit Union offers a money market account at 5.00% APY. Use the rate table above to compare all current offers in Madrid, Alabama.
How to Find the Best Money Market Rates in Madrid, Alabama
What to compare when shopping for a money market account in Madrid, Alabama
To find the best money market APYs in Madrid, Alabama, start with credit unions and online-only banks: Madrid, Alabama has 35 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000 to $25,000, with lower rates (or monthly fees) below that threshold. The current AL high-yield money market average is 3.137% but top local institutions are offering as high as 5.00%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Madrid, Alabama high-yield money market rates currently average 3.137% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Madrid, Alabama institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 41 institutions in Madrid, Alabama report money market rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Madrid, Alabama CD rates
- You don’t need check writing and want a lower minimum Madrid, Alabama savings rates
- You need daily transaction access Madrid, Alabama checking rates
Alabama Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau (state-level data shown; city data not available)
17.8% of residents are 65 or older, in line with the national average of 17.3%. At today’s AL high-yield money market average of 3.137%, saving 10% of the local median salary ($4,060/year) would earn an additional $127 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Madrid, Alabama Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Madrid, Alabama.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current AL Avg APY | 3.137% | View Savings Rates | 0.596%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 to $2,500 | $0 to $100 | $25 to $100 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Madrid, Alabama averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Madrid, Alabama Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Madrid, Alabama rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Madrid, Alabama
At AL’s top money market rate of 5.00% from Max Credit Union, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Madrid, Alabama earner is roughly $10,200. At 3.137% APY in a money market account, saving $850/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountAlabama’s high-yield money market average is 3.137% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Madrid, Alabama earner makes $40,605/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.137% APY.
Retirement PlannerA $25,000 money market balance earning 3.137% APY grows to roughly $46,367 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Madrid, Alabama money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Madrid, Alabama directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Madrid, Alabama. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in AL.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Madrid, Alabama
What is a Money Market Account (MMA)?
Are Money Market accounts in Madrid, Alabama safe?
How often do MMA rates change in Madrid, Alabama?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Madrid, Alabama?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Madrid, Alabama for money market accounts?
Best Money Market Rates in Madrid, Alabama
- Max Credit Union
Elevate Money Market Account - Reverse Money Market: 5.00% APY - Avadian Credit Union
New Business Money Market: 3.65% APY - Bank of Frankewing
Money Market: 3.56% APY - VirtualBank
eMoney Market Special: 3.51% APY - Mutual Savings Credit Union Hoover, AL
Business Elite Money Market: 3.50% APY
Madrid, Alabama Rates & Resources
