New Albany, Indiana Money Market Rates - September 2026
Brian McKay
Brian McKay
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Current New Albany, Indiana and the surrounding area money market deposit account rates include WesBanco BankWesBanco Bank101 W Spring St, New Albany, IN 47150A+5.0 ★Texas Ratio: 1.63%Real return: +0.95%APY minus 2.8% CPI (February 2026) Money Market special at 3.75% APY, Centra Credit UnionCentra Credit Union710 Pillsbury Ln, New Albany, IN 47150 2238A5.0 ★Texas Ratio: 6.67%Real return: +0.65%APY minus 2.8% CPI (February 2026) Business & Public Funds Premium Money Market Savings at 3.45% APY, Everwise Credit UnionEverwise Credit Union3308 Grant Line Rd, New Albany, IN 47150A5.0 ★Texas Ratio: 6.87%Real return: +0.62%APY minus 2.8% CPI (February 2026) Ultra Money Market at 3.42% APY, L and N Federal Credit UnionL and N Federal Credit Union2865 Charlestown Rd, New Albany, IN 47150 1984A+5.0 ★Texas Ratio: 2.27%Real return: +0.45%APY minus 2.8% CPI (February 2026) Money Market at 3.25% APY, and Park Federal Credit UnionPark Federal Credit Union4100 Technology Ave, New Albany, IN 47150 8548A5.0 ★Texas Ratio: 7.93%Real return: -0.55%APY minus 2.8% CPI (February 2026) Money Market Accounts - Park Perks at 2.25% APY. Money market rates as of August 31, 2026 according to verified data from MonitorBankRates.
New Albany has 7 local institutions in our database, with money market rates as high as 3.75% APY from WesBanco Bank at 101 W Spring St, New Albany, IN 47150. Use the table below to compare all available offers, including options from institutions serving the broader Indiana area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in New Albany, Indiana and surrounding area. Last Updated and Verified: August 31, 2026
Compare the Best Money Market Rates Today in New Albany, Indiana & the Surrounding Area
Qualifications Required: minimum new money deposit of $25,000; Promotional rate effective through 12/31/2026 and subject to change. After 12/31/2026 or if you do not have the minimum new money deposit of $25,000 to qualify for the promotional rate, you would be paid the standard rate. The standard rate for the Ultra Money Market is calculated by using the Federal Reserve Bank's Federal Funds Rate posted on the last business day of the prior dividend period, less 75 basis points. The minimum APY is 0.00%, and the maximum APY is 7.23%. Minimum opening deposit for Ultra Money Market is $50,000. New money is defined as funds from another financial institution that were not on deposit with Everwise Credit Union as of July 1, 2026. Balance requirements: For Ultra Money Market there is a minimum daily balance of $50,000 required and you must have at least $100,000 in combined relationships (shares, loans, and investments) under the same member number of the Ultra Money Market on the last day of the prior dividend period to earn the annual percentage yield disclosed for the dividend period.
Dividends are earned daily and posted monthly. 6 withdrawals or transfers per month. Rates on the Money Market Account can change weekly. If balance drops below $25,000, dividends will not be earned.
Balance: $1,000,000 - $2,999,999
Qualifications Required: at least $100,000 in combined relationships (shares, loans, and investments) under the same member number of the Ultra Money Market on the last day of the prior dividend period; Balance requirements: For Ultra Money Market there is a minimum daily balance of $50,000 required and you must have at least $100,000 in combined relationships (shares, loans, and investments) under the same member number of the Ultra Money Market on the last day of the prior dividend period to earn the annual percentage yield disclosed for the dividend period.
with Park Perks
Balance: $150,000 - $249,999.99; with Park Perks
A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $50,000 - $149,999.99; with Park Perks
Balance: $50,000 - $149,999.99
A tiered rate account with unlimited deposits and limited withdrawals.
with Park Perks
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
$25,000.00 - $249,999.99
Limited time offer. Rates are subject to change without notice. Personal accounts only, no public, business, or brokered funds for this offer. Interest is earned on balances greater than $0.00 and must be opened with money not currently on deposit at Horizon Bank. Fees may reduce the earnings on the account.
3.09% with a daily balance of $1,000,000 or less; 3.64% with a daily balance above $1,000,000
APY may change after account opening. 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 on the account.
If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.
Limited time offer. Rates are subject to change without notice. Personal accounts only, no public, business, or brokered funds for this offer. Interest is earned on balances greater than $0.00 and must be opened with money not currently on deposit at Horizon Bank. Fees may reduce the earnings on the account.
(4) **
With Huntington Perks Checking**
With Huntington Platinum Perks Checking***
With Private Client Account****
Non-Relationship Rate
If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.
3.09% with a daily balance of $1,000,000 or less; 3.64% with a daily balance above $1,000,000
Supercharge your piggy bank. More interest means more savings - it's just that simple with our FDIC-insured*, high-interest Money Market accounts. Earn nearly 5 x the national average** Apply online in minutes Learn More Open Today *Deposits are FDIC insured up to $250,000 per depositor for each account ownership category. To learn more, visit www.fdic.gov . **As of 7/20/2026 , the national average Annual Percentage Yield (APY) for Money Market Savings accounts is 0.65 %, as published in the FDIC's Weekly National Rates and Rate Caps; average rate used is for deposits up to $100,000. The Daily Balance method is used to calculate interest. For additional information, visit our Disclosures page .
Daily balances of
If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.
Limited time offer. Rates are subject to change without notice. Personal accounts only, no public, business, or brokered funds for this offer. Interest is earned on balances greater than $0.00 and must be opened with money not currently on deposit at Horizon Bank. Fees may reduce the earnings on the account.
(4) **
Daily balance of $5,000,000 or below
If your daily balance is between $20,000 and $49,999.99, you will obtain an APY of 2.65%. If your daily balance is between $50,000 and $99,999.99, you will obtain an APY of 2.80%. If your daily balance is between $100,000 and $249,999.99, you will obtain an APY of 3.00%. If your daily balance is between $250,000 and $499,999.99, you will obtain an APY of 3.25%. If your daily balance is $500,000 or more, you will obtain an APY of 3.50%. A minimum balance fee of $20.00 will be imposed every statement cycle if the balance in the account falls below $20,000.00 any day of the cycle. Fees could reduce the earnings on the account.
Balance: $100,000 - $2,499,999.99
Rates based on zip code and with a minimum of $25,000 not currently deposited at Huntington. Get your variable rate after opening a Huntington Relationship Money Market Account when you maintain deposits of $25,000.00 - $2,000,000.99. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs). Offer is limited to one per household. We also reserve the right to limit acceptance of deposits greater than $2,000,000.00. Not valid with any other offer.
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 Albany, IN Money Market Rate Trends
Compare local New Albany, 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 fell 0.075 points over the past 7 days to 3.146% APY.
Indiana standard MMA rates fell 0.001 points over the past 7 days to 0.490% APY.
New Albany, 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 2026–2027.
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 3.146% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; money market institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online money market rates tend to adjust faster than standard branch-based MMA rates, and jumbo-tier rates often adjust first.
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 Albany, Indiana.
Money Market Account Earnings in New Albany, 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 (3.146% APY) | Monthly Earnings | Standard MMA (0.490% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $314.58 / year | $26.22 | $49.04 / year | $4.09 |
| $25,000 | $786.45 / year | $65.54 | $122.60 / year | $10.22 |
| $50,000 | $1,572.90 / year | $131.08 | $245.20 / year | $20.43 |
| $100,000 | $3,145.80 / year | $262.15 | $490.40 / year | $40.87 |
| 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 Albany, Indiana money market rate averages as of September 1, 2026. | ||||
About Our New Albany, Indiana Money Market Rate Database
MonitorBankRates found 7 institutions with branches in New Albany (2 banks, 5 credit unions), plus 31 additional state-chartered and national online institutions available to New Albany 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 (1–5), 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: WesBanco Bank offers a money market account at 3.75% APY. Use the rate table above to compare all current offers in New Albany, Indiana.
How to Find the Best Money Market Rates in New Albany, Indiana
What to compare when shopping for a money market account in New Albany, Indiana
To find the best money market APYs in New Albany, Indiana, start with credit unions and online-only banks — New Albany, Indiana has 23 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–$25,000, with lower rates (or monthly fees) below that threshold. The current IN high-yield money market average is 3.146% — 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. New Albany, Indiana high-yield money market rates currently average 3.146% 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 Albany, Indiana institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 38 institutions in New Albany, Indiana 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 Albany, Indiana CD rates
- You don’t need check writing and want a lower minimum → New Albany, Indiana savings rates
- You need daily transaction access → New Albany, Indiana checking rates
New Albany, Indiana Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
17.9% of residents are 65 or older, in line with the national average of 17.3%. At today’s IN high-yield money market average of 3.146%, saving 10% of the local median salary ($3,838/year) would earn an additional $121 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other New Albany, Indiana Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in New Albany, Indiana.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current IN Avg APY | 3.146% | View Savings Rates | 0.490%(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 – $2,500 | $0 – $100 | $25 – $100 | $500 – $1,000 |
| Rate Risk | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Albany, Indiana averages tracked in our database as of September 1, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
New Albany, 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 New Albany, 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 New Albany, Indiana
At IN’s top money market rate of 3.75% from WesBanco Bank, 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 New Albany, Indiana earner is roughly $9,600. At 3.146% APY in a money market account, saving $800/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 3.146% 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 Albany, Indiana earner makes $38,388/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 3.146% APY.
Retirement PlannerA $25,000 money market balance earning 3.146% APY grows to roughly $46,448 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 Albany, 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 New Albany, 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 New Albany, 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 New Albany, Indiana
What is a Money Market Account (MMA)?
Are Money Market accounts in New Albany, Indiana safe?
How often do MMA rates change in New Albany, Indiana?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in New Albany, 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 New Albany, Indiana for money market accounts?
Best Money Market Rates in New Albany, Indiana
- WesBanco Bank
Money Market special — 3.75% APY - Centra Credit Union
Business & Public Funds Premium Money Market Savings — 3.45% APY - Everwise Credit Union
Ultra Money Market — 3.42% APY - L and N Federal Credit Union
Money Market — 3.25% APY - Park Federal Credit Union
Money Market Accounts - Park Perks — 2.25% APY
New Albany, Indiana Rates & Resources
