Merrillville, Indiana 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
Merrillville, Indiana money market account rates range from 0.04% to 4.05% APY, verified by MonitorBankRates as of October 20, 2026. Current Merrillville, Indiana and the surrounding area money market deposit account rates include Horizon Bank Michigan City, INHorizon Bank Michigan City, IN8590 Broadway, Merrillville, IN 46410A+5.0 ★Texas Ratio: 4.40%Real return: +0.95%APY minus 2.8% CPI (February 2026) Money Market Savings at 3.75% APY, Peoples Bank (IN)Peoples Bank (IN)8600 Broadway, Merrillville, IN 46410A5.0 ★Texas Ratio: 10.43%Real return: +0.70%APY minus 2.8% CPI (February 2026) Money Market Special at 3.50% APY, U S #1364 Federal Credit UnionU S #1364 Federal Credit Union8400 BROADWAY, MERRILLVILLE, IN 46410A+5.0 ★Texas Ratio: 3.28%Real return: -0.30%APY minus 2.8% CPI (February 2026) Money Market at 2.50% APY, CHIPHONECHIPHONE17 W 73RD AVE, MERRILLVILLE, IN 46410A+5.0 ★Texas Ratio: 0.77%Real return: -1.54%APY minus 2.8% CPI (February 2026) MONEY MARKET at 1.26% APY, and Woodforest National BankWoodforest National Bank2936 E 79th Ave, Merrillville, IN 46410A-5.0 ★Texas Ratio: 14.96%Real return: -2.50%APY minus 2.8% CPI (February 2026) Money Market at 0.30% APY. Money market rates as of October 20, 2026 according to verified data from MonitorBankRates.
Merrillville has 6 local institutions in our database, with money market rates as high as 3.75% APY from Horizon Bank Michigan City, IN at 8590 Broadway, Merrillville, IN 46410. Use the table below to compare all available offers, including options from institutions serving the broader Indiana area. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Merrillville, Indiana and surrounding area. Last Updated and Verified: October 20, 2026
Compare the Best Money Market Rates Today in Merrillville, Indiana & the Surrounding Area
Homepage featured offer; Earn up to 3.75% APY
Balance: $500,000+; Average Daily Balance tier; Effective as of 10/20/2026
Balance: $250,000+; Average Daily Balance tier; Effective as of 10/20/2026
Balance: $100,000+; Average Daily Balance tier; Effective as of 10/20/2026
Balance: $50,000+; Average Daily Balance tier; Effective as of 10/20/2026
Balance: $20,000+; Average Daily Balance tier; Effective as of 10/20/2026
Balance: $20,000 or more; minimum balance fee of $20.00 per statement cycle if balance falls below $20,000.00
Balance: $75,000.00 and over; Dividends are paid monthly
Balance: $20,000.00 - $74,999.99; Dividends are paid monthly
Balance: $2000.00 - $19,999.99; Dividends are paid monthly
Balance: $100000.00 tier
Balance: $80000.00 tier
Balance: $30000.00 tier
Balance: $0.01 required to earn APY; Transaction Limits: Limited
Balance: $2500.00 tier
Balance: $100,000.00 - $249,999.99; Select Tier: Platinum Tier ($500,000 or more)
Balance: $100,000.00 - $249,999.99; Select Tier: Gold Tier ($100,000 to $499,999.99)
Balance: $1.00 - $9,999.99; Select Tier: Platinum Tier ($500,000 or more)
Balance: $1.00 - $9,999.99; Select Tier: Gold Tier ($100,000 to $499,999.99)
Balance: $100,000.00 - $249,999.99; Select Tier: Silver Tier ($25,000 to $99,999.99)
Balance: $1.00 - $9,999.99; Select Tier: Silver Tier ($25,000 to $99,999.99)
- Oct 20, 20260.05%▼ from 0.06%
- Oct 2, 20260.06%first recorded
Balance: $0.00 tier
Balance: $1.00 - $9,999.99
Balance: $3,000,000 - Above; APY = Annual Percentage Yield; Rates effective as of 10/18/2026; Dividends calculated and paid monthly; Not available for Public Funds
Balance: $3,000,000.00 and over
Qualifications Required; Earn up to 4.03% APY; Open the account with at least $10,000; Tiered rate account, dividend rate and APY vary by balance range (see www.interracu.com/rates); Rates effective as of 9/21/26
- Oct 19, 20264.03%▲ from 2.68%
- Sep 18, 20262.68%first recorded
Balance: $3,000,000.00 and over; New Member - Open Now / Current Member - Open Now
Balance: $50 to $2,500
- Oct 8, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Balance: $250,000.01 or greater
Balance: $1,000,000 or more
Balance: $0 - $100,000.00; Special rate for new Money Market Special accounts opened on or after 10/1/2026, applies for first 6 months, then converts to standard Elevate Money Market; Members with a money market account at United in the last 12 months not eligible
Balance: $50 to $2,500
- Oct 4, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Balance Optimizer; Balance: above $5,000,000
Balance: $1,000,000.01 and over; Monthly maintenance fee $5; Average daily balance to avoid fee $4,000; ATM surcharge rebate up to $10 per month
Balance: $1,000,000 - $2,999,999; APY = Annual Percentage Yield; Rates effective as of 10/18/2026; Dividends calculated and paid monthly; Not available for Public Funds
Balance: $1,000,000.00-$2,999,999.99
Balance: $1,000,000.00-$2,999,999.99; New Member - Open Now / Current Member - Open Now
No rate tiers; No minimum balance to earn APY; APY may change after account opening; APY accurate as of 09/17/2026; Limited to 6 preauthorized transfers or withdrawals per monthly statement cycle; Excess withdrawal fee for more than 6 withdrawals or transfers per month may reduce earnings; Open online
Balance: $25,000 and above; $5,000 minimum balance to open Preferred Money Market DDA
Top tier as high as 3.75% APY on larger balances; Balance: $500,000.00 and up; tier table in footnote is dated 03/13/2023 and may be stale; $10.00 monthly fee if $10,000 balance not maintained
Balance: $50,000 and Greater (New Money Promotion); New money of at least $25,000 from another financial institution not on deposit with Everwise as of July 1, 2026; promotional rate effective through 12/31/2026
Balance: $1,000,000.00 >
- Oct 7, 20263.66%▲ from 3.56%
- Sep 24, 20263.56%▲ from 3.40%
- Sep 19, 20263.40%first recorded
Balance: $1,000,000.00 >
- Oct 7, 20263.66%▲ from 3.56%
- Sep 24, 20263.56%▲ from 3.40%
- Sep 19, 20263.40%first recorded
Balance: $1,000,000+
Balance: $250,000 to earn dividends; Dividend Distribution: Monthly
Balance: $500,000 - $999,999; APY = Annual Percentage Yield; Rates effective as of 10/18/2026; Dividends calculated and paid monthly; Not available for Public Funds
Balance: $500,000.00-$999,999.99
Balance: $500,000.00-$999,999.99; New Member - Open Now / Current Member - Open Now
Balance: $10,000 and above; $5,000 minimum balance to open Preferred Money Market DDA
Business Saving Accounts
Balance: $100,000.01 - $250,000
Minimum Amount: $250,000; Bonus rate requires Tax Reported Owner of Ultra or Free Checking with average monthly balance of at least $1.00, 20 combined signature/non-PIN debit and U credit card transactions, one direct deposit or ACH from checking, and e-statements enrollment; Effective Date: October 01, 2026
- Oct 12, 20263.50%▲ from 1.00%
- Sep 12, 20261.00%first recorded
Balance: $15,000+; Intro rate
- Oct 10, 20263.50%▲ from 1.25%
- Sep 14, 20261.25%first recorded
Balance: $250,000 and over
Balance: $25,000 to $49,999.99; New clients only; requires $25,000 deposit within 30 days of opening and daily balance of at least $25,000 to maintain rate (ZIP 55402)
Balance: $25,000.00 to $2,000,000.99; Requires an open Huntington Perks Checking account; Minimum balance to earn interest is $25,000.00 and must be new money to Huntington
Balance: $25,000.00 to $2,000,000.99; Requires an open Huntington Platinum Perks Checking account; Minimum balance to earn interest is $25,000.00 and must be new money to Huntington
Balance: $3,000,000 - $4,999,999
Balance: $3,000,000 and over
Balance: $250,000.00-$499,999.99
Balance: $250,000.00 and over; Minimum to Avoid Service Fee: $5,000.00
Balance: $250,000.00-$499,999.99; New Member - Open Now / Current Member - Open Now
Balance: $1,000,000 +
Balance: $250,000.00 or greater
Business Saving Accounts
Minimum Amount: $100,000; Bonus rate requires Tax Reported Owner of Ultra or Free Checking with average monthly balance of at least $1.00, 20 combined signature/non-PIN debit and U credit card transactions, one direct deposit or ACH from checking, and e-statements enrollment; Effective Date: October 01, 2026
- Oct 12, 20263.25%▲ from 0.75%
- Sep 12, 20260.75%first recorded
Balance: $100,000 & UP; Dividends are earned daily and posted monthly.
Headline rate: Earn 3.25% APY on the Premier Money Market; Premier Money Market requires a $25,000 minimum balance; if balance drops below $25,000, dividends will not be earned; dividends earned daily and posted monthly; 6 withdrawals or transfers per month; rates can change weekly
Balance: $500,000.00 - $999,999.99
- Oct 7, 20263.20%▲ from 3.14%
- Sep 24, 20263.14%▲ from 2.99%
- Sep 19, 20262.99%first recorded
Balance: $500,000.00 - $999,999.99
- Oct 7, 20263.20%▲ from 3.14%
- Sep 24, 20263.14%▲ from 2.99%
- Sep 19, 20262.99%first recorded
Balance: $1,000,000 - $2,999,999
Balance: $1,000,000 - $2,999,999
Balance: $250,000 - $499,999; APY = Annual Percentage Yield; Rates effective as of 10/18/2026; Dividends calculated and paid monthly; Not available for Public Funds
Balance: $100,000.00-$249,999.99
The interest rate may change at any time. $7.50 monthly service charge. No monthly service charge if minimum daily balance of $25,000 is maintained. Free eStatements. $7.50 paper statement. Free debit card. Free mobile deposit.
Balance: $10,000.00-$249,999.99; New Member - Open Now / Current Member - Open Now
Dividend Distribution: Monthly
- Oct 10, 20263.10%▲ from 2.85%
- Sep 22, 20262.85%first recorded
Balance: $0.00 - $1,000,000.00; Monthly maintenance fee $5; Average daily balance to avoid fee $4,000; ATM surcharge rebate up to $10 per month
Money Market Savings Rate; Open with as little as $100; $4,000 average daily balance to avoid monthly maintenance fee; Apply Online
Balance: $1,000,000+
High-Yield Tier 2; Min. Balance to Earn Dividends: $15,000
Balance: $15,000 to earn dividends; Min. Balance to Earn Dividends: $15,000
Balance: $25,000 & Over
Balance: $500,000 - $999,999
Tier 7; Balance: Over $1,000,000
- Oct 3, 20263.00%▲ from 1.80%
- Sep 14, 20261.80%first recorded
Balance: $250,000.00 and above; Qualifications Met
Balance: $100,000 - $2,499,999.99
Balance: $250,000 - $499,999
Balance: $25,000.00 - $2,000,000.99; Huntington Relationship Money Market Account; APY range 2.70%-3.75% and rate range 2.67%-3.69% based on zip code; variable rate; minimum $25,000 new money to open
Balance: $500,000.00 & Above
Balance: $25,000 - $49,999.99
Balance: $500,000.00 - $999,999.99
Balance: $100,000.00 - $249,999.99; Minimum to Avoid Service Fee: $5,000.00
Balance: $250,000.00 - $499,999.99
- Oct 7, 20262.53%▲ from 2.48%
- Sep 24, 20262.48%▲ from 2.38%
- Sep 19, 20262.38%first recorded
Balance: $250,000.00 - $499,999.99
- Oct 7, 20262.53%▲ from 2.48%
- Sep 24, 20262.48%▲ from 2.38%
- Sep 19, 20262.38%first recorded
Balance: Tier 5 $250,000-over; Rates may change after opening on this type of account
Balance: $100,000 - $249,999
Balance: $25,000.01 and over; $10.00 Per Month Service Charge if Balance is Below $1,000.00 per Statement Cycle
Tier 6; Balance: $500,000 to $999,999.99
- Oct 3, 20262.40%▲ from 1.65%
- Sep 14, 20261.65%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.
Merrillville, IN Money Market Rate Trends
Compare local Merrillville, IN 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.
Indiana high-yield MMA rates rose 0.001 points over the past 7 days to 3.098% APY.
Indiana standard MMA rates currently average 0.501% APY.
Merrillville, Indiana Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current IN 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 IN high-yield money market average of 3.098% 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 Merrillville, Indiana.
Money Market Account Earnings in Merrillville, Indiana
Annual interest earnings at current IN 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 (3.098% APY) | Monthly Earnings | Standard MMA (0.501% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $309.82 / year | $25.82 | $50.12 / year | $4.18 |
| $25,000 | $774.55 / year | $64.55 | $125.30 / year | $10.44 |
| $50,000 | $1,549.10 / year | $129.09 | $250.60 / year | $20.88 |
| $100,000 | $3,098.20 / year | $258.18 | $501.20 / year | $41.77 |
| 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: Merrillville, Indiana money market rate averages as of October 20, 2026. | ||||
About Our Merrillville, Indiana Money Market Rate Database
MonitorBankRates found 6 institutions with branches in Merrillville (4 banks, 2 credit unions), plus 48 additional state-chartered and national online institutions available to Merrillville 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: Horizon Bank Michigan City, IN offers a money market account at 3.75% APY. Use the rate table above to compare all current offers in Merrillville, Indiana.
How to Find the Best Money Market Rates in Merrillville, Indiana
What to compare when shopping for a money market account in Merrillville, Indiana
To find the best money market APYs in Merrillville, Indiana, start with credit unions and online-only banks: Merrillville, Indiana has 33 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 IN high-yield money market average is 3.098% but top local institutions are offering as high as 3.75%, 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. Merrillville, Indiana high-yield money market rates currently average 3.098% 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 Merrillville, Indiana institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 54 institutions in Merrillville, Indiana report money market rates to our database.
- You’re among Merrillville, Indiana’s 20.7% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- 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 Merrillville, Indiana CD rates
- You don’t need check writing and want a lower minimum Merrillville, Indiana savings rates
- You need daily transaction access Merrillville, Indiana checking rates
Merrillville, Indiana Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
20.7% of residents are 65 or older, above the national average of 17.3%, making liquid, accessible money market accounts a particularly relevant option in this market; an unemployment rate of 7.5% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s IN high-yield money market average of 3.098%, saving 10% of the local median salary ($4,228/year) would earn an additional $131 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Merrillville, Indiana Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Merrillville, Indiana.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current IN Avg APY | 3.098% | View Savings Rates | 0.501%(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 Merrillville, Indiana averages tracked in our database as of October 20, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Merrillville, Indiana 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 Merrillville, Indiana 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 Merrillville, Indiana
At IN’s top money market rate of 3.75% from Horizon Bank Michigan City, IN, a $10,000 deposit earns $375 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Merrillville, Indiana earner is roughly $10,600. At 3.098% APY in a money market account, saving $880/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountIndiana’s high-yield money market average is 3.098% 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 Merrillville, Indiana earner makes $42,287/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.098% APY.
Retirement PlannerA $25,000 money market balance earning 3.098% APY grows to roughly $46,022 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 Merrillville, Indiana 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 Merrillville, Indiana 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 Merrillville, Indiana. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in IN.
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 Merrillville, Indiana
What is a Money Market Account (MMA)?
Are Money Market accounts in Merrillville, Indiana safe?
How often do MMA rates change in Merrillville, Indiana?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Merrillville, Indiana?
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 Merrillville, Indiana for money market accounts?
Best Money Market Rates in Merrillville, Indiana
- Horizon Bank Michigan City, IN
Money Market Savings: 3.75% APY - Peoples Bank (IN)
Money Market Special: 3.50% APY - U S #1364 Federal Credit Union
Money Market: 2.50% APY - CHIPHONE
MONEY MARKET: 1.26% APY - Woodforest National Bank
Money Market: 0.30% APY
Merrillville, Indiana Rates & Resources
