Florence, Kentucky Money Market Rates - October 2026
Brian McKay
Brian McKay
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Florence, Kentucky money market account rates range from 0.01% to 5.00% APY, verified by MonitorBankRates as of October 14, 2026. Current Florence, Kentucky and the surrounding area money market deposit account rates include Central Bank & Trust CompanyCentral Bank & Trust Company7310 Turfway Rd, Florence, KY 41042A+5.0 ★Texas Ratio: 1.26%Real return: +0.70%APY minus 2.8% CPI (February 2026) Personal Money Market Plus at 3.50% APY, Community Trust BankCommunity Trust Bank8660 Haines Drive, Florence, KY 41042A+5.0 ★Texas Ratio: 3.53%Real return: +0.67%APY minus 2.8% CPI (February 2026) Preferred Index Money Market at 3.47% APY, US BankUS Bank2300 Highway 101, Florence, OR 97439A+5.0 ★Texas Ratio: 2.85%Real return: +0.60%APY minus 2.8% CPI (February 2026) Elite Money Market Account at 3.40% APY, The Huntington National BankThe Huntington National Bank6666 Industrial Rd, Florence, KY 41042A+5.0 ★Texas Ratio: 3.66%Real return: +0.55%APY minus 2.8% CPI (February 2026) Relationship Money Market Account - With Huntington Perks Checking at 3.35% APY, and Kemba Credit UnionKemba Credit Union5935 Merchants St, Florence, KY 41042 1198A+5.0 ★Texas Ratio: 5.75%Real return: +0.20%APY minus 2.8% CPI (February 2026) Money Market at 3.00% APY. Money market rates as of October 14, 2026 according to verified data from MonitorBankRates.
Florence has 10 local institutions in our database, with money market rates as high as 3.50% APY from Central Bank & Trust Company at 7310 Turfway Rd, Florence, KY 41042. Use the table below to compare all available offers, including options from institutions serving the broader Kentucky area. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Florence, Kentucky and surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Money Market Rates Today in Florence, Kentucky & the Surrounding Area
- Sep 24, 20263.50%▲ from 3.25%
- Sep 18, 20263.25%first recorded
Balance: $250,000.00 and Greater
- Oct 2, 20263.47%▲ from 3.41%
- Sep 24, 20263.41%▲ from 3.37%
- Sep 18, 20263.37%▲ from 3.19%
- Sep 14, 20263.19%first recorded
Balance: $25,000 - $49,999.99
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
- Sep 24, 20263.25%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $100,000.00 - $249,999.99
- Oct 2, 20263.22%▲ from 3.15%
- Sep 24, 20263.15%▲ from 3.11%
- Sep 18, 20263.11%▲ from 2.93%
- Sep 14, 20262.93%first recorded
Balance: $250,000 and up
Balance: $50,000.00 - $99,999.99
- Oct 2, 20262.96%▲ from 2.90%
- Sep 24, 20262.90%▲ from 2.86%
- Sep 18, 20262.86%▲ from 2.67%
- Sep 14, 20262.67%first recorded
Balance: $150,000 - $249,999
Published APY range: 2.70%-3.75%; Published rate range: 2.70%-3.75%. 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).
Balance: $25,000.00 - $49,999.99
- Oct 2, 20262.70%▲ from 2.64%
- Sep 24, 20262.64%▲ from 2.60%
- Sep 18, 20262.60%▲ from 2.42%
- Sep 14, 20262.42%first recorded
Balance: $500,000.00 and Over
Balance: $100,000 to $249,999.99
Balance: $75,000 - $149,999
Balance: $100,000 to $249,999.99
Balance: $25,000 - $74,999
Balance: $1,000,000.00 and up
- Oct 9, 20262.25%▲ from 2.15%
- Sep 14, 20262.15%first recorded
Balance: $500,000.00 - $999,999.99
- Oct 9, 20262.15%▲ from 2.00%
- Sep 14, 20262.00%first recorded
Balance: $1,000,000.00 - and above
- Oct 9, 20262.15%▲ from 2.00%
- Sep 14, 20262.00%first recorded
Balance: $250,000.00 - $499,999.99
Balance: $2,500 - $24,999
Balance: $100,000.00 - $499,999.99
- Oct 9, 20261.85%▲ from 1.75%
- Sep 14, 20261.75%first recorded
Balance: Up to $24,999.99
Balance: Up to $99.99
Balance: Up to $99.99; Membership eligibility required
Balance: $100,000.00 - $249,999.99
Balance: $50,000 to $99,999.99
Balance: $2,500.00 - $24,999.99
- Oct 2, 20261.68%▲ from 1.62%
- Sep 24, 20261.62%▲ from 1.58%
- Sep 18, 20261.58%▲ from 1.40%
- Sep 14, 20261.40%first recorded
Balance: $50,000 to $99,999.99
Balance: $10,000 to $49,999.99
- Sep 24, 20261.50%▲ from 1.10%
- Sep 18, 20261.10%first recorded
Balance: $1,000,000 +; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $500,000.00 - $999,999.99
- Oct 9, 20261.35%▲ from 1.25%
- Sep 14, 20261.25%first recorded
Balance: $10,000 to $49,999.99
- Sep 24, 20261.25%▲ from 0.60%
- Sep 18, 20260.60%first recorded
Balance: $25,000.00 - $99,999.99
Balance: $25,000.00 - $99,999.99
Balance: $250,000.00 - $499,999.99
- Oct 9, 20261.00%▲ from 0.85%
- Sep 14, 20260.85%first recorded
Balance: $100,000.00 - $249,999.99
- Oct 9, 20260.85%▲ from 0.75%
- Sep 14, 20260.75%first recorded
Balance: $100,000 - $999,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $10,000.00 - $24,999.99
Balance: $0.01 - $24,999.99
Balance: $50,000.00 - $99,999.99
- Oct 9, 20260.70%▲ from 0.60%
- Sep 14, 20260.60%first recorded
Balance: $0.01 - $9,999.99
Balance: $50,000 - $99,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $500,000 and over; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $100,000 - $499,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $25,000.00 - $49,999.99
Balance: $0 - $99,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $10,000.00 - $24,999.99
Balance: $1,000.00 - $9,999.99
Balance: $2,000,001.00 to $99,999,999,999.99
- Oct 7, 20260.25%▲ from 0.05%
- Sep 27, 20260.05%▼ from 0.25%
- Sep 14, 20260.25%first recorded
Balance: $0 - $49,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $100,000.00 - $249,999.99
Balance: $100,000.00 - $249,999.99
Balance: $1.00 - $9,999.99
Balance: $1.00 - $9,999.99
Balance: $100,000.00 - $249,999.99
Balance: $100,000.00 - $249,999.99
Standard interest rate tier. APYs may vary by location. Restrictions apply.
- Oct 7, 20260.05%▼ from 3.40%
- Oct 4, 20263.40%first recorded
Balance: $25,000.00 to $99,999.99
- Sep 27, 20260.05%▼ from 3.25%
- Sep 14, 20263.25%first recorded
Balances Through $24,999.99; An interest-bearing savings account with a minimum balance required to avoid a monthly fee.
Balance: $1.00 - $9,999.99
Balance: $0 - $9,999.99
Balance: 0 - $25,000
Balance: $500,000+; Dividend Period: Monthly; Effective Date: 10/1/2026
- Oct 5, 20264.07%▲ from 3.74%
- Sep 14, 20263.74%first recorded
Balance: $1,000,000 >
Balance: $1,000,000 or more
Qualifications Required: Qualifications Required; Avg Balance up to $10K; High Yield Checking restrictions apply
Balance: $400,000 and greater
Balance: $250,000 - $499,999.99; Dividend Period: Monthly; Effective Date: 10/1/2026
- Oct 5, 20263.82%▲ from 3.49%
- Sep 14, 20263.49%first recorded
Balance: $500,000.00 and up
Balance: $100,000 - $249,999.99; Dividend Period: Monthly; Effective Date: 10/1/2026
- Oct 5, 20263.57%▲ from 3.24%
- Sep 14, 20263.24%first recorded
Qualifications Required; Balance: $25,000 and over; Requires High Yield Checking; 1.00% APY for average daily balances $25,000 and over if High Yield Checking requirements are not met (not extracted)
Balance: $500,000 and over
Balance: $50,000 - $99,999.99; Dividend Period: Monthly; Effective Date: 10/1/2026
- Oct 5, 20263.32%▲ from 2.99%
- Sep 21, 20262.99%first recorded
Balance: $100,000 & UP; Dividends earned daily and posted monthly
Earn 3.25% APY; dividends not earned if balance drops below $25,000; dividends earned daily and posted monthly; 6 withdrawals or transfers per month; rates can change weekly
Balance: $100,000 and up; Minimum balance of $2,500 required to earn the stated APY; Fees could reduce earnings
Balance: $100,000.00 and above
Balance: $250,000 - $999,999
Balance: $350,000.00 - $499,999.99
Balance: $50,000 to $99,999.99; Minimum balance of $2,500 required to earn the stated APY; Fees could reduce earnings
Balance: $50,000.00 - $99,999.99
Balance: $250,000.00 to $399,999.99
Balance: $300,000 & greater
Balance: $1,000,000.00 and over; Monthly Fee: $7.00; Active checking account required to earn rates; Regular Savings rate applies if conditions not met
- Oct 13, 20262.89%▲ from 0.20%
- Sep 18, 20260.20%first recorded
Balance: $150,000.00 - $349,999.99
Balance: $25,000 to $49,999.99; Minimum balance of $2,500 required to earn the stated APY; Fees could reduce earnings
Balance: $1,000 - $49,999.99; Dividend Period: Monthly; Effective Date: 10/1/2026
- Oct 5, 20262.82%▲ from 2.49%
- Sep 21, 20262.49%first recorded
Balance: $50,000-$99,999.99; Dividends earned daily and posted monthly
Balance: $25,000.00 - $49,999.99
Balance: $10,000 to $24,999.99; Minimum balance of $2,500 required to earn the stated APY; Fees could reduce earnings
Balance: $500,000.00 - $999,999.99; Monthly Fee: $7.00; Active checking account required to earn rates; Regular Savings rate applies if conditions not met
- Oct 13, 20262.58%▲ from 0.20%
- Sep 18, 20260.20%first recorded
Balance: $2,500 to $9,999.99; Minimum balance of $2,500 required to earn the stated APY; Fees could reduce earnings
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.
Florence, KY Money Market Rate Trends
Compare local Florence, KY 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.
Kentucky high-yield MMA rates fell 0.037 points over the past 7 days to 3.142% APY.
Kentucky standard MMA rates fell 0.038 points over the past 7 days to 0.482% APY.
Florence, Kentucky Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current KY 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 KY high-yield money market average of 3.142% 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 Florence, Kentucky.
Money Market Account Earnings in Florence, Kentucky
Annual interest earnings at current KY 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 (3.142% APY) | Monthly Earnings | Standard MMA (0.482% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $314.22 / year | $26.19 | $48.15 / year | $4.01 |
| $25,000 | $785.55 / year | $65.46 | $120.38 / year | $10.03 |
| $50,000 | $1,571.10 / year | $130.92 | $240.75 / year | $20.06 |
| $100,000 | $3,142.20 / year | $261.85 | $481.50 / year | $40.13 |
| 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: Florence, Kentucky money market rate averages as of October 14, 2026. | ||||
About Our Florence, Kentucky Money Market Rate Database
MonitorBankRates found 10 institutions with branches in Florence (7 banks, 3 credit unions), plus 24 additional state-chartered and national online institutions available to Florence 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: Central Bank & Trust Company offers a money market account at 3.50% APY. Use the rate table above to compare all current offers in Florence, Kentucky.
How to Find the Best Money Market Rates in Florence, Kentucky
What to compare when shopping for a money market account in Florence, Kentucky
To find the best money market APYs in Florence, Kentucky, start with credit unions and online-only banks: Florence, Kentucky has 19 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 KY high-yield money market average is 3.142% but top local institutions are offering as high as 3.50%, 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. Florence, Kentucky high-yield money market rates currently average 3.142% 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 Florence, Kentucky institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 34 institutions in Florence, Kentucky report money market rates to our database.
- You’re among Florence, Kentucky’s 19.6% 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 Florence, Kentucky CD rates
- You don’t need check writing and want a lower minimum Florence, Kentucky savings rates
- You need daily transaction access Florence, Kentucky checking rates
Florence, Kentucky Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
19.6% of residents are 65 or older, in line with the national average of 17.3%; a low unemployment rate of 3.1% reflects a strong local economy with solid savings capacity. At today’s KY high-yield money market average of 3.142%, saving 10% of the local median salary ($4,401/year) would earn an additional $138 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Florence, Kentucky Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Florence, Kentucky.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current KY Avg APY | 3.142% | View Savings Rates | 0.482%(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 Florence, Kentucky averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Florence, Kentucky 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 Florence, Kentucky 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 Florence, Kentucky
At KY’s top money market rate of 3.50% from Central Bank & Trust Company, a $10,000 deposit earns $350 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Florence, Kentucky earner is roughly $11,000. At 3.142% APY in a money market account, saving $920/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountKentucky’s high-yield money market average is 3.142% 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 Florence, Kentucky earner makes $44,015/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.142% APY.
Retirement PlannerA $25,000 money market balance earning 3.142% APY grows to roughly $46,416 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 Florence, Kentucky 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 Florence, Kentucky 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 Florence, Kentucky. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in KY.
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 Florence, Kentucky
What is a Money Market Account (MMA)?
Are Money Market accounts in Florence, Kentucky safe?
How often do MMA rates change in Florence, Kentucky?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Florence, Kentucky?
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 Florence, Kentucky for money market accounts?
Best Money Market Rates in Florence, Kentucky
- Central Bank & Trust Company
Personal Money Market Plus: 3.50% APY - Community Trust Bank
Preferred Index Money Market: 3.47% APY - US Bank
Elite Money Market Account: 3.40% APY - The Huntington National Bank
Relationship Money Market Account - With Huntington Perks Checking: 3.35% APY - Kemba Credit Union
Money Market: 3.00% APY
Florence, Kentucky Rates & Resources
