New Haven, Connecticut 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
New Haven, Connecticut money market account rates range from 0.02% to 4.05% APY, verified by MonitorBankRates as of October 23, 2026. Current New Haven, Connecticut and the surrounding area money market deposit account rates include Connex Credit UnionConnex Credit Union2 Whitney Ave, New Haven, CT 06510A+5.0 ★Texas Ratio: 4.74%Real return: +0.30%APY minus 3.7% CPIRate verified Oct 22, 2026 Promotional Business Money Market at 4.00% APY, Citizens BankCitizens Bank39 Church St, New Haven, CT 06510A+5.0 ★Texas Ratio: 5.44%Real return: -0.20%APY minus 3.7% CPIRate verified Oct 20, 2026 Citizens Quest Money Market - Preferred at 3.50% APY, Liberty Bank Middletown, CTLiberty Bank Middletown, CT1475 Whalley Ave, New Haven, CT 06515A+5.0 ★Texas Ratio: 1.90%Real return: -0.50%APY minus 3.7% CPIRate verified Oct 21, 2026 Business Money Market Special at 3.20% APY, SUMA Federal Credit UnionSUMA Federal Credit Union555 George St, New Haven, CT 06511 5301A5.0 ★Texas Ratio: 12.06%Real return: -1.01%APY minus 3.7% CPIRate verified Oct 23, 2026 Money Market at 2.69% APY, and General Electric Employees Federal Credit UnionGeneral Electric Employees Federal Credit Union395 Whalley Ave, New Haven, CT 06511A5.0 ★Texas Ratio: 8.00%Real return: -2.45%APY minus 3.7% CPIRate verified Oct 23, 2026 Money Market at 1.25% APY. Money market rates as of October 23, 2026 according to verified data from MonitorBankRates.
New Haven has 9 local institutions in our database, with money market rates as high as 4.00% APY from Connex Credit Union at 2 Whitney Ave, New Haven, CT 06510. Use the table below to compare all available offers, including options from institutions serving the broader Connecticut area. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in New Haven, Connecticut and surrounding area. Last Updated and Verified: October 23, 2026
Compare the Best Money Market Rates Today in New Haven, Connecticut & the Surrounding Area
Balance: $2,500.00 and over; Business accounts only; new funds not currently on deposit at Connex; effective June 1, 2026; Online Only
Balance: $25,000 - $49,999; Preferred Rates require $25,000 not currently on deposit with Citizens; Rates accurate as of 10/19/2026
Balance: $1,000,000+; Rate is variable and subject to change at any time
Balance: $250,000 - $999,999.99; Rate is variable and subject to change at any time
Balance: $250,000+
Balance: $50,000 - $249,999.99; Rate is variable and subject to change at any time
Balance: $100,000-$249,999.99
Balance: $250,000 & Up; Min. bal. to earn APY: $50; Penalty for early withdrawal:
- Oct 15, 20262.69%▲ from 2.28%
- Sep 18, 20262.28%▲ from 2.18%
- Sep 14, 20262.18%first recorded
Balance: $0.01 - $49,999.99; Rate is variable and subject to change at any time
Balance: $100,000 - $249,999; Min. bal. to earn APY: $50; Penalty for early withdrawal:
Balance: $50,000-$99,999.99
Balance: $0.01-$49,999.99
Balance: Up to $99,999; Min. bal. to earn APY: $50; Penalty for early withdrawal:
- Sep 18, 20261.77%▲ from 1.67%
- Sep 14, 20261.67%first recorded
Balance: Balances equal to or over $100,000
Balance: Balances $50,000 to $99,999
Balance: Balances $25,000 to $49,999
Balance: Balances $2,500 to $24,999
Balance: $0.01 - $250,000
Balance: $0.01 - $250,000.00; Minimum daily balance to earn APY is $0.01; Rate is variable and subject to change at any time; Disclosure also states Minimum to open is $25
Balance: Balances Below $2,500
Balance: above $250,000; APY range printed as 0.35% - 0.25%; Rate is variable and subject to change at any time; Disclosure also states Minimum to open is $25
- Oct 21, 20260.25%▼ from 0.35%
- Sep 24, 20260.35%first recorded
Balance: $1,000.00 - $5,000.00
Balance: $100,000 or more
Balance: $100,000 or more
Balance: Add'l bal over $250,000
Balance: $10,000 - $49,999.99
Balance: $10,000 - $49,999.99
Balance: $100,000.00-$249,999
Standard rate on balances under $5,000 (outside the bonus offer); rates for ZIP 06897
Balance: $1,000 - $9,999.99
Balance: $1,000 - $9,999.99
Balance: $10,000.00-$24,999.99
Balance: $1,000,000 - $2,999,999; Standard APY; Rates accurate as of 10/19/2026
- Oct 20, 20260.03%▼ from 3.50%
- Sep 18, 20263.50%first recorded
Balance: $5,000.00-$9,999.99
Balance: $0 - $2,499; Standard APY; Rates accurate as of 10/19/2026
Balance: $5.00-$4,999.00
No monthly maintenance service charge; no minimum account balance requirements; APY valid as of 10/10/2026
Eligibility limited to new deposits to ACBB; minimum balance of $250,000 required; interest not paid on days the balance falls below $250,000
Connecticut Branches Only; Balance: $2,000,000.00 & Over; Only available to WB Portfolio Checking account owners
Balance: $2,000,000.00 & Over; Only available to WB Portfolio Checking account owners; Western/Central MA or Northern/Central CT residents; accounts opened at a Massachusetts branch
Connecticut Branches Only; Balance: $500,000.00 & Over; Only available to WB Performance Checking account owners
Connecticut Branches Only; Balance: $500,000.00 to $1,999,999.99; Only available to WB Portfolio Checking account owners
Connecticut Branches Only; Balance: $250,000.00 to $499,999.99; Only available to WB Performance Checking account owners
Connecticut Branches Only; Balance: $200,000.00 to $499,999.99; Only available to WB Portfolio Checking account owners
Balance: $500,000 and up; Dividends compound monthly
Connecticut Branches Only; Balance: $100,000.00 to $199,999.99; Only available to WB Portfolio Checking account owners
Balance: $25,000.00 and over; Requires Beacon Bank checking account with ownership relationship; Interest rate 3.15%
Connecticut Branches Only; Balance: $100,000.00 to $249,999.99; Only available to WB Performance Checking account owners
Connecticut Branches Only; Balance: $10.00 to $99,999.99; Only available to WB Portfolio Checking account owners
Connecticut Branches Only; Balance: $10.00 to $99,999.99; Only available to WB Performance Checking account owners
Manager: DREYFUS; 7-Day Yield; CUSIP: 370375206; Ticker: GMBXX
Balance: $250,000.00 and over; Amount of time interest rate in effect: Variable
Balance: $10.00 - $24,999.99; Requires Beacon Bank checking account with ownership relationship; Interest rate 3.01%
Balance: $100,000 and over
Balance: $1,000,000.00 and up; Rates effective 10/01/2026
Balance: $1,000,000.00 and Up
Balance: $500,000 and Over
Balance: $500,000.00 - $1,999,999.99; Only available to WB Portfolio Checking account owners; Western/Central MA or Northern/Central CT residents; accounts opened at a Massachusetts branch
Tier 5; Balance: $500,000 +
No minimum required to earn APY; Rate effective 08/10/2026; Variable and subject to change after the account is open; Fees may reduce earnings
Balance: $100,000.00-499,999.99
Balance: $50,000.00 - $249,999.99; Amount of time interest rate in effect: Variable
Balance: $0.01 - $2,000.00
Balance: $300,000.00 and greater; *** $25,000 balance required to open account; dividends earned on $.01 and greater; $20 fee if balance falls below $25,000 during the month
Balance: $250,000-$499,999; Dividends compound monthly
Limited time offer
Balance: over $50,000; Effective 12/18/2025
Balance: $1,000,000 and over; Savings & IRA
Effective Date: October 1, 2026
Dividend rate from comparison table
Balance: $50,000 and over
Balance: $250,000+
Balance: $75,000 and over; Rates as of September 1, 2026
Balance: minimum deposit and balance of $75,000.01
Balance: $100,000 & Over
Balance: $250,000 and up; $1,000 minimum opening deposit
Balance: $75,001 and over; Minimum avg balance $2,500.00 to earn dividend. Dividends paid & compounded quarterly.
Balance: $50,000 and up
Balance: $200,000.00 - $299,999.99; *** $25,000 balance required to open account; dividends earned on $.01 and greater; $20 fee if balance falls below $25,000 during the month
Balance: $75,000 and greater
Balance: $100,000 minimum to earn rate
Balance: $500,000 - $999,999; Savings & IRA
Balance: $20,001 - $50,000; Effective 12/18/2025
Balance: $75,000-$249,999; Dividends compound monthly
Balance: $250,000 - $499,999; Savings & IRA
Balance: $50,000 minimum to earn rate
Balance: $100,000 - $249,999; Savings & IRA
$20,000; Balance: $0.00 - $20,000.00; Effective 12/18/2025
Balance: $50,000 and over; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $200,000.00 and higher; $10 fee if balance falls below $5,000 in any given month; All rates are variable and may change after the account is opened
Balance: $100,000+
Balance: $50,000 - $99,999.99
Balance: $100,000 and over
Balance: $100,000 and over
Balance: $10,000 - $49,999
Balance: $2,000.01 - $6,000.00
Balance: $250,000.00 and over
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.
New Haven, CT Money Market Rate Trends
Compare local New Haven, CT 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.
Connecticut high-yield MMA rates rose 0.009 points over the past 7 days to 3.022% APY.
Connecticut standard MMA rates fell 0.016 points over the past 7 days to 0.609% APY.
New Haven, Connecticut Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current CT 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 CT high-yield money market average of 3.022% 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 New Haven, Connecticut.
Money Market Account Earnings in New Haven, Connecticut
Annual interest earnings at current CT 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 (3.022% APY) | Monthly Earnings | Standard MMA (0.609% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $302.20 / year | $25.18 | $60.88 / year | $5.07 |
| $25,000 | $755.50 / year | $62.96 | $152.20 / year | $12.68 |
| $50,000 | $1,511.00 / year | $125.92 | $304.40 / year | $25.37 |
| $100,000 | $3,022.00 / year | $251.83 | $608.80 / year | $50.73 |
| 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: New Haven, Connecticut money market rate averages as of October 25, 2026. | ||||
About Our New Haven, Connecticut Money Market Rate Database
MonitorBankRates found 9 institutions with branches in New Haven (5 banks, 4 credit unions), plus 41 additional state-chartered and national online institutions available to New Haven residents. 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: Connex Credit Union offers a money market account at 4.00% APY with a minimum deposit of $2,500. Use the rate table above to compare all current offers in New Haven, Connecticut.
How to Find the Best Money Market Rates in New Haven, Connecticut
What to compare when shopping for a money market account in New Haven, Connecticut
To find the best money market APYs in New Haven, Connecticut, start with credit unions and online-only banks: New Haven, Connecticut has 28 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 CT high-yield money market average is 3.022% but top local institutions are offering as high as 4.00%, 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. New Haven, Connecticut high-yield money market rates currently average 3.022% 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 New Haven, Connecticut institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 50 institutions in New Haven, Connecticut 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 New Haven, Connecticut CD rates
- You don’t need check writing and want a lower minimum New Haven, Connecticut savings rates
- You need daily transaction access New Haven, Connecticut checking rates
New Haven, Connecticut Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
11.8% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 8.4% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s CT high-yield money market average of 3.022%, saving 10% of the local median salary ($3,620/year) would earn an additional $109 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other New Haven, Connecticut Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in New Haven, Connecticut.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current CT Avg APY | 3.022% | View Savings Rates | 0.609%(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 New Haven, Connecticut averages tracked in our database as of October 25, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
New Haven, Connecticut 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 New Haven, Connecticut 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 New Haven, Connecticut
At CT’s top money market rate of 4.00% from Connex Credit Union, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median New Haven, Connecticut earner is roughly $9,100. At 3.022% APY in a money market account, saving $750/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountConnecticut’s high-yield money market average is 3.022% 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 New Haven, Connecticut earner makes $36,204/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.022% APY.
Retirement PlannerA $25,000 money market balance earning 3.022% APY grows to roughly $45,346 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 New Haven, Connecticut 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 New Haven, Connecticut 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 New Haven, Connecticut. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in CT.
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 New Haven, Connecticut
What is a Money Market Account (MMA)?
Are Money Market accounts in New Haven, Connecticut safe?
How often do MMA rates change in New Haven, Connecticut?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in New Haven, Connecticut?
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 New Haven, Connecticut for money market accounts?
Best Money Market Rates in New Haven, Connecticut
- Connex Credit Union
Promotional Business Money Market: 4.00% APY - Citizens Bank
Citizens Quest Money Market - Preferred: 3.50% APY - Liberty Bank Middletown, CT
Business Money Market Special: 3.20% APY - SUMA Federal Credit Union
Money Market: 2.69% APY - General Electric Employees Federal Credit Union
Money Market: 1.25% APY
New Haven, Connecticut Rates & Resources
