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Best Money Market Rates in Salem, Indiana (IN) - May 2026

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| ✓Fact Checked | Last Updated: May 18, 2026

Current Salem, Indiana and the surrounding area money market deposit account rates include First Merchants BankFirst Merchants Bank1336 S Jackson St, Salem, IN 47167A+5.0 ★Texas Ratio: 2.78% Money Market Special at 3.55% APY, Centra Credit UnionCentra Credit Union1208 S Jackson St, Salem, IN 47167A5.0 ★Texas Ratio: 6.67% Business & Public Funds Premium Money Market Savings at 3.05% APY, Beacon Credit UnionBeacon Credit Union300 N Water St, Salem, IN 47167A+5.0 ★Texas Ratio: 1.43% Advantage Money Market - Business at 2.85% APY, Hoosier Hills Credit UnionHoosier Hills Credit UnionA5.0 ★Texas Ratio: 8.66% High Yield Money Market at 4.05% APY, and Interra Credit UnionInterra Credit UnionA+5.0 ★Texas Ratio: 1.62% Business LINked Money Market Share Account (Business LINked MMSA) at 4.03% APY. Money market rates as of May 18, 2026 according to verified data from MonitorBankRates.

Salem has 3 local institutions in our database, with money market rates as high as 3.55% APY from First Merchants Bank at 1336 S Jackson St, Salem, IN 47167. 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 Salem, Indiana and surrounding area. Last Updated and Verified: May 18, 2026

Compare the Best Money Market Rates Today in Salem, Indiana & the Surrounding Area

Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
First Merchants Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
1336 S Jackson St, Salem, IN 47167
Money Market Special
3.55%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details

Promo Rate

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Business & Public Funds Premium Money Market Savings
3.05%
$0
View
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
High Interest Money Market Savings
3.05%
$0
View
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Business & Public Funds Premium Money Market Savings
2.90%
$0
View
▼
Rate2.86%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
High Interest Money Market Savings
2.90%
$0
View
▼
Rate2.86%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Business
2.85%
$0
View
▼
Rate2.81%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Consumer
2.70%
$0
View
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Business
2.70%
$0
View
▼
Rate2.67%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Business
2.25%
$0
View
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Consumer
2.25%
$0
View
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Business & Public Funds Premium Money Market Savings
1.80%
$0
View
▼
Rate1.79%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
High Interest Money Market Savings
1.80%
$0
View
▼
Rate1.79%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Business
1.75%
$0
View
▼
Rate1.74%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Consumer
1.75%
$0
View
▼
Rate1.74%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
High Interest Money Market Savings
1.30%
$0
View
▼
Rate1.29%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Business & Public Funds Premium Money Market Savings
1.15%
$0
View
▼
Rate1.14%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
High Interest Money Market Savings
1.15%
$0
View
▼
Rate1.14%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
High Interest Money Market Savings
1.10%
$0
View
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Business & Public Funds Premium Money Market Savings
1.10%
$0
View
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
High Interest Money Market Savings
1.05%
$0
View
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Business
0.90%
$0
View
▼
Rate0.90%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Consumer
0.90%
$0
View
▼
Rate0.90%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Money Market & Classic Plus Savings
0.85%
$0
View
▼
Rate0.85%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Money Market & Classic Plus Savings
0.65%
$0
View
▼
Rate0.65%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
HSA Money Market Savings
0.40%
$0
View
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Money Market & Classic Plus Savings
0.40%
$0
View
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Consumer
0.40%
$0
View
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
HSA Money Market Savings
0.30%
$0
View
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Premium Money Market Checking
0.30%
$0
View
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Money Market & Classic Plus Savings
0.25%
$0
View
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Premium Money Market Checking
0.20%
$0
View
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
HSA Money Market Savings
0.15%
$0
View
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Money Market & Classic Plus Savings
0.15%
$0
View
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Premium Money Market Checking
0.15%
$0
View
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Money Market & Classic Plus Savings
0.10%
$0
View
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.67%
1208 S Jackson St, Salem, IN 47167
Premium Money Market Checking
0.10%
$0
View
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Consumer
0.00%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Beacon Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.43%
300 N Water St, Salem, IN 47167
Advantage Money Market - Business
0.00%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Hoosier Hills Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.66%
High Yield Money Market
4.05%
$0
View
▼
Rate3.98%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details

Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.62%
Business LINked Money Market Share Account (Business LINked MMSA)
4.03%
$100,000
View
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details

Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.62%
LINked Money Market Share Account (LINked MMSA)
4.03%
$10,000
View
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details

United Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.13%
Money Market Special
4.00%
$15,000
View
▼
Rate3.93%
Min Deposit$15,000
Min Balance—
UpdatedMay 17, 2026
Details

The special rate of up to 4.00% APY is available only on new Money Market Special accounts opened on or after 5/1/2026 and applies for the first 6 months following account opening. After 6 months, the account will automatically convert to a standard Elevate Money Market account and earn standard Elevate Money Market rates thereafter. Members who currently have, or previously had in the last 12 months, any opened money market account at United are not eligible for this offer. Fees may reduce earnings. Rates may change after account is opened.

Hoosier Hills Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.66%
High Yield Money Market
3.85%
$0
View
▼
Rate3.78%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details

The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
Huntington Relationship Money Market
3.82%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 15, 2026
Details

based on zip code.

Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.62%
Business LINked Money Market Share Account (Business LINked MMSA)
3.80%
$100,000
View
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details

Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.62%
LINked Money Market Share Account (LINked MMSA)
3.80%
$10,000
View
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details

Everence Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Indexed money market
3.75%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details

Tier 1

MIDWEST AMERICA
Institution Rating:
A+5.0 ★ Texas Ratio: 3.67%
Business Gold Money Market
3.65%
$0
View
▼
Rate3.59%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Horizon Bank Michigan City, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
Money Market Account
3.65%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details

Learn more

State Bank of Medora
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
Max Money Market
3.65%
$100,000
View
▼
Rate3.59%
Min Deposit$100,000
Min Balance—
UpdatedMay 17, 2026
Details

First Internet Bank of Indiana
Institution Rating:
A+5.0 ★ Texas Ratio: 1.39%
Money Market Savings
3.64%
$100
View
▼
Rate3.58%
Min Deposit$100
Min Balance—
UpdatedMay 15, 2026
Details

Hoosier Hills Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 8.66%
High Yield Money Market
3.55%
$0
View
▼
Rate3.49%
Min Deposit$0
Min Balance—
UpdatedMay 18, 2026
Details

Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.62%
Business LINked Money Market Share Account (Business LINked MMSA)
3.54%
$100,000
View
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details

Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.62%
LINked Money Market Share Account (LINked MMSA)
3.52%
$10,000
View
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details

Indiana University Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.94%
Money Market Savings
3.50%
$0
View
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
Money Market Special Intro rate
3.50%
$0
View
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

$15,000+

Premier Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.27%
Money Market Special
3.50%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 15, 2026
Details

With a minimum of $25k new money

WesBanco Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.63%
Money Market Special
3.50%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 17, 2026
Details

With a minimum of $25k new money

Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.04%
Money Market Special
3.50%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Truist
Institution Rating:
A+5.0 ★ Texas Ratio: 3.63%
Small Business Money Market Account
3.40%
$0
View
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details

Freedom Bank Huntingburg, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.78%
Money Market Checking
3.40%
$0
View
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details

Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market
3.30%
$50
View
▼
Rate3.25%
Min Deposit$50
Min Balance—
UpdatedMay 15, 2026
Details

Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market for Business
3.30%
$50
View
▼
Rate3.25%
Min Deposit$50
Min Balance—
UpdatedMay 15, 2026
Details

Old National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.09%
Money Market
3.25%
$20,000
View
▼
Rate—
Min Deposit$20,000
Min Balance—
UpdatedMay 15, 2026
Details

Earn a competitive rate when you open a Market Monitor account with a minimum $20,000 in new money.

The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
High-Yield Money Market
3.20%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 15, 2026
Details

Minimum of $25,000 not currently deposited at Huntington.

The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
Huntington Relationship Money Market Account
3.20%
$25,000
View
▼
Rate3.15%
Min Deposit$25,000
Min Balance—
UpdatedMay 15, 2026
Details

Byline Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.13%
Advantage Money Market Account
3.15%
$25,000
View
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 15, 2026
Details

$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.

Mercer Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.73%
High-Yield Money Market Deposit Account
3.10%
$0
View
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedMay 17, 2026
Details

First Internet Bank of Indiana
Institution Rating:
A+5.0 ★ Texas Ratio: 1.39%
Money Market Savings
3.09%
$100
View
▼
Rate3.05%
Min Deposit$100
Min Balance—
UpdatedMay 15, 2026
Details

Qualifying balance up to $1,000,000.00

First Internet Bank of Indiana
Institution Rating:
A+5.0 ★ Texas Ratio: 1.39%
Money Market Savings Rate
3.09%
$100
View
▼
Rate—
Min Deposit$100
Min Balance—
UpdatedMay 15, 2026
Details

Earn 5x the national average**

Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
3.05%
$50
View
▼
Rate3.01%
Min Deposit$50
Min Balance—
UpdatedMay 17, 2026
Details

Freedom Bank Huntingburg, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.78%
Money Market Checking
2.99%
$0
View
▼
Rate2.95%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details

MIDWEST AMERICA
Institution Rating:
A+5.0 ★ Texas Ratio: 3.67%
Century Money Market
2.85%
$100,000
View
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details

STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
Money Market Preferred
2.75%
$0
View
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details

F&M Bank Laotto, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 1.40%
Platinum Money Market & Above
2.66%
$1,500
View
▼
Rate2.62%
Min Deposit$1,500
Min Balance—
UpdatedMay 17, 2026
Details

$500,000.00

STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
Money Market Preferred
2.65%
$0
View
▼
Rate2.62%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details

State Bank of Medora
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
Max Money Market
2.65%
$50,000
View
▼
Rate2.62%
Min Deposit$50,000
Min Balance—
UpdatedMay 17, 2026
Details

Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
2.58%
$50
View
▼
Rate2.55%
Min Deposit$50
Min Balance—
UpdatedMay 17, 2026
Details

Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market
2.53%
$50
View
▼
Rate2.50%
Min Deposit$50
Min Balance—
UpdatedMay 15, 2026
Details

Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market for Business
2.53%
$50
View
▼
Rate2.50%
Min Deposit$50
Min Balance—
UpdatedMay 15, 2026
Details

Campbell & Fetter Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.43%
First Money Market
2.53%
$100
View
▼
Rate2.50%
Min Deposit$100
Min Balance—
UpdatedMay 17, 2026
Details

Rates may change after opening on this type of account

MIDWEST AMERICA
Institution Rating:
A+5.0 ★ Texas Ratio: 3.67%
Business Gold Money Market
2.50%
$0
View
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Freedom Bank Huntingburg, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.78%
Money Market Checking
2.38%
$0
View
▼
Rate2.35%
Min Deposit$0
Min Balance—
UpdatedMay 15, 2026
Details

INDIANA STATE UNIVERSITY
Institution Rating:
A+5.0 ★ Texas Ratio: 2.07%
Money Market Account
2.25%
$0
View
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
2.12%
$50
View
▼
Rate2.10%
Min Deposit$50
Min Balance—
UpdatedMay 17, 2026
Details

Greenfield Banking Company Greenfield, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 3.26%
Money Market
2.12%
$2,500
View
▼
Rate2.10%
Min Deposit$2,500
Min Balance—
UpdatedMay 15, 2026
Details

First Savings Bank of Hegewisch
Institution Rating:
A+5.0 ★ Texas Ratio: 0.21%
Diamond Money Market 4th Tier
2.05%
$50,000
View
▼
Rate2.03%
Min Deposit$50,000
Min Balance—
UpdatedMay 17, 2026
Details

Rates can change daily, Daily compounding

First Savings Bank of Hegewisch
Institution Rating:
A+5.0 ★ Texas Ratio: 0.21%
Diamond Money Market
2.05%
$50,000
View
▼
Rate2.03%
Min Deposit$50,000
Min Balance—
UpdatedMay 17, 2026
Details

Rates can change daily, Daily compounding

Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market
2.02%
$50
View
▼
Rate2.00%
Min Deposit$50
Min Balance—
UpdatedMay 15, 2026
Details

Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market for Business
2.02%
$50
View
▼
Rate2.00%
Min Deposit$50
Min Balance—
UpdatedMay 15, 2026
Details

Campbell & Fetter Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.43%
First Money Market
2.02%
$100
View
▼
Rate2.00%
Min Deposit$100
Min Balance—
UpdatedMay 17, 2026
Details

Rates may change after opening on this type of account

Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
2.02%
$50
View
▼
Rate2.00%
Min Deposit$50
Min Balance—
UpdatedMay 17, 2026
Details

INDIANA STATE UNIVERSITY
Institution Rating:
A+5.0 ★ Texas Ratio: 2.07%
Money Market Account
2.00%
$0
View
▼
Rate1.98%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Salem, Indiana and the surrounding area.

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.

Salem, IN Money Market Rate Trends

Compare local Salem, 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.

View Full Indiana MMA Trends →
High-Yield MMA — IN Avg
3.278%
▼ 0.014 vs 7 days ago

Indiana high-yield MMA rates fell 0.014 points over the past 7 days to 3.278% APY.

Standard MMA — IN Avg
0.545%
▼ 0.009 vs 7 days ago

Indiana standard MMA rates fell 0.009 points over the past 7 days to 0.545% APY.

As of May 20, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Salem, 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 Salem, 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 Salem, 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 Salem, Indiana

What is a Money Market Account (MMA)?

A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Indiana.

Are Money Market accounts in Salem, Indiana safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Indiana up to $250,000 per depositor, per institution.

How often do MMA rates change in Salem, Indiana?

Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Indiana rate tables daily to ensure you see the most current high-yield options.

Can I write checks from a Money Market Account?

Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.

How much do I need to deposit to open a money market account in Salem, Indiana?

Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Salem, Indiana require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.

Best Money Market Rates in Salem, Indiana

Here are some of the highest money market account APYs currently available in Salem, Indiana and the surrounding area:
  • First Merchants Bank
    Money Market Special — 3.55% APY
  • Centra Credit Union
    Business & Public Funds Premium Money Market Savings — 3.05% APY
  • Beacon Credit Union
    Advantage Money Market - Business — 2.85% APY
  • Hoosier Hills Credit Union
    High Yield Money Market — 4.05% APY
  • Interra Credit Union
    Business LINked Money Market Share Account (Business LINked MMSA) — 4.03% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Salem, Indiana. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 18, 2026

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