Best Money Market Rates in Springfield, Massachusetts (MA) - May 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Springfield, Massachusetts and the surrounding area money market deposit account rates include Eastern BankEastern BankA+5.0 ★ Money Market Plus at 4.00% APY, Eastern Bank Boston, MAEastern Bank Boston, MAA+5.0 ★Texas Ratio: 2.03% Money Market Plus at 4.00% APY, HarborOne BankHarborOne BankA+5.0 ★Texas Ratio: 3.37% Money Market Plus at 4.00% APY, Citizens BankCitizens Bank40 E Woodland Ave, Springfield, PA 19064A5.0 ★Texas Ratio: 8.28% Citizens Private Client® Money Market at 3.75% APY, and Wrentham Co-operative BankWrentham Co-operative BankA+5.0 ★Texas Ratio: 0.00% Premier Money Market at 3.70% APY. Money market rates as of May 4, 2026 according to verified data from MonitorBankRates.
Springfield has 4 local institutions in our database, with money market rates as high as 3.75% APY from Citizens Bank at 40 E Woodland Ave, Springfield, PA 19064. Use the table below to compare all available offers, including options from institutions serving the broader Massachusetts area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Springfield, Massachusetts and surrounding area. Last Updated and Verified: May 4, 2026
Compare the Best Money Market Rates Today in Springfield, Massachusetts & the Surrounding Area
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
Boosted 6 Month APY
Community High Yield Money Market for consumer and business accounts. Earn 3.75% Annual Percentage Yield for new money only. Minimum balance of $10,000 to open.
Monthly compounding
$15,000+
Open Online
up to
Open Online
Balances $2,000,000-$4,000,000
Balances $2,000,000-$4,000,000 (plus interest paid)
Standard APY
New Money Only
Monthly compounding
Qualifying balance up to $1,000,000.01
Rates are variable and may change after the account is opened at any time at SCU's discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.
Rates are variable and may change after the account is opened at any time at SCU's discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.
Rates are variable and may change after the account is opened at any time at SCU's discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.
Balances $250,000 and above
Open Online
Balances $250,000-$1,000,000
Qualifying balance up to $1,000,000.00
Monthly compounding
Rates are variable and may change after the account is opened at any time at SCU's discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.
Rates are variable and may change after the account is opened at any time at SCU's discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.
Open Online
Monthly compounding
Monthly compounding
Qualifying balance up to $500,000.00
Monthly compounding
Monthly compounding
Minimum to Open: $1,000
Minimum to Open: $1,000
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.
Springfield, MA Money Market Rate Trends
Compare local Springfield, MA 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.
Massachusetts high-yield MMA rates rose 0.145 points over the past 7 days to 3.508% APY.
Massachusetts standard MMA rates fell 0.163 points over the past 7 days to 0.459% APY.
Methodology & Data Sources
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Springfield, Massachusetts 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 Springfield, Massachusetts. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in MA.
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 Springfield, Massachusetts
What is a Money Market Account (MMA)?
Are Money Market accounts in Springfield, Massachusetts safe?
How often do MMA rates change in Springfield, Massachusetts?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Springfield, Massachusetts?
Best Money Market Rates in Springfield, Massachusetts
- Eastern Bank
Money Market Plus — 4.00% APY - Eastern Bank Boston, MA
Money Market Plus — 4.00% APY - HarborOne Bank
Money Market Plus — 4.00% APY - Citizens Bank
Citizens Private Client® Money Market — 3.75% APY - Wrentham Co-operative Bank
Premier Money Market — 3.70% APY
