Brian McKay
Current San Jose, New Mexico and the surrounding area money market deposit account rates include SunwardSunwardA+5.0 ★Texas Ratio: 2.68%Real return: +2.24%APY minus 2.8% CPI (February 2026) Power Money Market Account at 5.04% APY, Bank 34Bank 34A+5.0 ★Texas Ratio: 3.86%Real return: +1.10%APY minus 2.8% CPI (February 2026) Personal PremiumPlus Money Market at 3.90% APY, America First Federal Credit UnionAmerica First Federal Credit UnionA5.0 ★Texas Ratio: 7.35%Real return: +1.10%APY minus 2.8% CPI (February 2026) Money Market at 3.90% APY, Mountain America Federal Credit UnionMountain America Federal Credit UnionA5.0 ★Texas Ratio: 7.84%Real return: +0.75%APY minus 2.8% CPI (February 2026) Business Money market at 3.55% APY, and Sunflower BankSunflower BankA5.0 ★Texas Ratio: 10.77%Real return: +0.65%APY minus 2.8% CPI (February 2026) Thrive Money Market at 3.45% APY. Money market rates as of September 14, 2026 according to verified data from MonitorBankRates.
San Jose is a smaller community with no bank or credit union branches currently in our database. 150 institutions serving the New Mexico area are available to San Jose residents, with money market rates as high as 5.04% APY from Sunward. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in San Jose, New Mexico and surrounding area. Last Updated and Verified: September 14, 2026
Balance: $1,000,000.00+
Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/11/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $250,000.00-$999,999.99
Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/11/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $100,000.00-$249,999.99
Bonus Rate: 3.00%
Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/11/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $50,000.00-$99,999.99
Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/11/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $25,000.00-$49,999.99
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/11/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $10,000.00-$24,999.99
AVD
Balance: $5,000.00-$9,999.99
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/11/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $0-$4,999.99
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Compare local San Jose, NM 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.
New Mexico high-yield MMA rates currently average 3.037% APY.
New Mexico standard MMA rates rose 0.003 points over the past 7 days to 0.753% APY.
Money market rates move with Federal Reserve policy. Our model uses the current NM 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 NM high-yield money market average of 3.037% 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 60–90 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 San Jose, New Mexico.
Annual interest earnings at current NM 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 (3.037% APY) | Monthly Earnings | Standard MMA (0.753% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $303.65 / year | $25.30 | $75.27 / year | $6.27 |
| $25,000 | $759.13 / year | $63.26 | $188.18 / year | $15.68 |
| $50,000 | $1,518.25 / year | $126.52 | $376.35 / year | $31.36 |
| $100,000 | $3,036.50 / year | $253.04 | $752.70 / year | $62.73 |
| 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: San Jose, New Mexico money market rate averages as of September 16, 2026. | ||||
MonitorBankRates tracks money market rate offers from 22 banks and credit unions available to San Jose, New Mexico residents via statewide and national offers. No branch locations physically in San Jose are currently in our database, but all listed offers are open to San Jose depositors. 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: Sunward offers a money market account at 5.04% APY. Use the rate table above to compare all current offers in San Jose, New Mexico.
What to compare when shopping for a money market account in San Jose, New Mexico
To find the best money market APYs in San Jose, New Mexico, start with credit unions and online-only banks: San Jose, New Mexico has 13 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 NM high-yield money market average is 3.037% but top local institutions are offering as high as 5.04%, 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.
Local demographics and economic context for savers . Source: U.S. Census Bureau (state-level data shown; city data not available)
19.3% of residents are 65 or older, in line with the national average of 17.3%. At today’s NM high-yield money market average of 3.037%, saving 10% of the local median salary ($3,840/year) would earn an additional $117 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
How money market deposit accounts compare to other deposit products available at banks and credit unions in San Jose, New Mexico.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current NM Avg APY | 3.037% | View Savings Rates | 0.753%(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 | 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 San Jose, New Mexico averages tracked in our database as of September 16, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current San Jose, New Mexico 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.
At NM’s top money market rate of 5.04% from Sunward, a $10,000 deposit earns $504 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median San Jose, New Mexico earner is roughly $9,600. At 3.037% 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 AccountNew Mexico’s high-yield money market average is 3.037% 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 San Jose, New Mexico earner makes $38,408/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.037% APY.
Retirement PlannerA $25,000 money market balance earning 3.037% APY grows to roughly $45,474 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our San Jose, New Mexico 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 San Jose, New Mexico 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 San Jose, New Mexico. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in NM.
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.