Ithaca, New York Money Market Rates - October 2026
Brian McKay
Brian McKay
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Ithaca, New York money market account rates range from 0.02% to 4.00% APY, verified by MonitorBankRates as of October 23, 2026. Current Ithaca, New York and the surrounding area money market deposit account rates include Citizens BankCitizens Bank2300 N Triphammer Rd, Ithaca, NY 14850A+5.0 ★Texas Ratio: 5.44%Real return: -0.20%APY minus 3.7% CPIRate verified Oct 20, 2026 Citizens Quest Money Market - Preferred at 3.50% APY, Visions Federal Credit UnionVisions Federal Credit Union408 Elmira Rd, Ithaca, NY 14850A+5.0 ★Texas Ratio: 5.30%Real return: -1.05%APY minus 3.7% CPIRate verified Oct 23, 2026 Business Money Market at 2.65% APY, Alternatives Federal Credit UnionAlternatives Federal Credit Union125 N Fulton St, Ithaca, NY 14850 3301C3.8 ★Texas Ratio: 29.04%Real return: -2.85%APY minus 3.7% CPIRate verified Oct 23, 2026 Money Market at 0.85% APY, Beginnings Credit UnionBeginnings Credit Union1030 Craft Rd, Ithaca, NY 14850A+5.0 ★Texas Ratio: 3.32%Real return: -2.95%APY minus 3.7% CPIRate verified Oct 19, 2026 Money Market Savings at 0.75% APY, and Chemung Canal Trust CompanyChemung Canal Trust Company304 Elmird Road, Ithaca, NY 14850A+5.0 ★Texas Ratio: 3.61%Real return: -3.60%APY minus 3.7% CPIRate verified Oct 20, 2026 Money Market at 0.10% APY. Money market rates as of October 23, 2026 according to verified data from MonitorBankRates.
Ithaca has 7 local institutions in our database, with money market rates as high as 3.50% APY from Citizens Bank at 2300 N Triphammer Rd, Ithaca, NY 14850. Use the table below to compare all available offers, including options from institutions serving the broader New York area. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Ithaca, New York and surrounding area. Last Updated and Verified: October 23, 2026
Compare the Best Money Market Rates Today in Ithaca, New York & the Surrounding Area
Balance: $25,000 - $49,999; Preferred Rates require $25,000 not currently on deposit with Citizens; Rates accurate as of 10/19/2026
Balance: $1,000,000 & Over; Rates effective October 1, 2026 to October 31, 2026
Balance: $500,000 - $999,999.99; Rates effective October 1, 2026 to October 31, 2026
Balance: $250,000 - $499,999.99; Rates effective October 1, 2026 to October 31, 2026
Balance: $0.01 - $99,999.99; Rates effective October 1, 2026 to October 31, 2026
Balance: $100,000 or greater
Balance: $100,000 and over
Balance: $50,000 to $99,999.99
Balance: $25,000 to $49,999.99
Balance: $50,000 - $99,999.99
Balance: $10,000 to $24,999.99
Balance: $25,000 - $49,999.99
Balance: $2,500 to $9,999.99
Balance: $10,000 - $24,999.99
Balance: $2,500 - $9,999.99
Balance: $1,000 to $2,499.99
Balance: Over $1,000,000
Balance: $25,000 and above; requires $25,000 minimum balance and a Chemung Canal checking account to open; variable rate/yield personal money market account
Balance: $50,000 and over
Balance: $500,000 - $999,999
Standard rate on balances under $5,000 (outside the bonus offer); rates for ZIP 06897
Balance: $25,000 - $49,999.99
Balance: $100,000 - $499,999
Balance: $1,000 - $24,999; requires $25,000 minimum balance and a Chemung Canal checking account to open; variable rate/yield personal money market account
Balance: $50,000.00 and over
Balance: $1,000,000 - $2,999,999; Standard APY; Rates accurate as of 10/19/2026
- Oct 20, 20260.03%▼ from 3.50%
- Sep 18, 20263.50%first recorded
Balance: $25,000 - $49,999.99
Balance: $25,000 and above; Minimum deposit to open $1,000; variable rate
Balance: $0 - $2,499; Standard APY; Rates accurate as of 10/19/2026
Balance: $2,500 - $9,999.99
Balance: $1,000 - $24,999; Minimum deposit to open $1,000; daily ledger balance of $1,000 required to earn interest; variable rate
Balance: $5,000.00 - $50,000.00; Dividends compound monthly; Limited to one per member; new money only
Balance: $250,000-$1,000,000; Credit Frequency: Monthly
- Sep 24, 20263.80%▲ from 3.40%
- Sep 19, 20263.40%first recorded
Balance: $10,000.00 - $74,999.99; Online Only; New depositors only; Special offer limited to customers without a Ridgewood deposit account; Rates effective 10/01/2026
Credit Frequency: Monthly
- Sep 24, 20263.75%▲ from 3.35%
- Sep 8, 20263.35%first recorded
Balance: $50,000 and over; requires an open, funded business checking account; applies only when all eligibility requirements are met; no minimum to open
Balance: $100,000 and above; New money only; Minimum opening new money deposit is $100,000
Balance: $1,000,001-$1,500,000; Credit Frequency: Monthly
- Sep 24, 20263.70%▲ from 3.30%
- Sep 8, 20263.30%first recorded
Balance: $100,000 - $249,999.99
Balance: $1,500,001; Credit Frequency: Monthly
- Sep 24, 20263.60%▲ from 3.20%
- Sep 8, 20263.20%first recorded
Balance: $500 to $999,999.99; Minimum Average Daily Balance to Earn APY
- Oct 3, 20263.60%▲ from 3.35%
- Sep 14, 20263.35%first recorded
Balance: $500+; anticipated monthly dividends
Balance: $2,500 - $49,999.99; Apple Choice Banking Program
Preferred Rate (Elite Tier); requires Apple Bank Choice Checking account plus Choice Money Market; maintain $2,500 minimum daily balance; make five Qualifying Credit and/or Debit Transactions per month from Choice Checking; meet Premier Tier requirements
Balance: Over $1,000,000; Introductory rate per footnote 1 (6-month introductory rate, 184 calendar days from account opening); Average monthly balance under $50,000 will not earn dividends or the introductory rate
- Oct 2, 20263.55%▲ from 3.40%
- Sep 18, 20263.40%first recorded
Balance: Over $1,000,000
- Oct 2, 20263.55%▲ from 3.40%
- Sep 18, 20263.40%first recorded
Special rate for new accounts opened today; interest rates and APYs are variable, based on account balances, and subject to change daily
Month: OCT; Unrestricted Savings Account; Interest Compounded Monthly; For amounts below $1,500.00 rate is equal to share rate
- Oct 5, 20263.51%▲ from 3.30%
- Sep 25, 20263.30%first recorded
Balance: $1,000,000 - $9,999,999.99
Promotional APY guaranteed for 6 months; applies on all balances; For Consumer Accounts Only; available to new clients or existing clients depositing new funds; after the promotional period converts to the Bank's standard Money Market account at the then-current variable APY
Balance: $100,000 - $249,999.99; Personal and Commercial; Available in-branch only; APY effective 08/13/2026
APY accurate as of September 1st, 2026; variable rate determined by Esquire Bank and may change at any time
Balance: $25,000 minimum
Balance: $1,000,000.00 and over; Tiered and variable rate; $20.00 fee if average daily balance falls below $100,000
Balance: $300,000 +; Dividends accrued daily and paid monthly; No check-writing capabilities allowed
Advertised as high as 3.50%; rate type not labeled on page
Balance: $100,000 and above; New money only; Minimum opening new money deposit is $100,000
Balance: $15,000+; Intro rate
- Oct 10, 20263.50%▲ from 1.25%
- Sep 14, 20261.25%first recorded
Credit Frequency: Monthly
- Sep 24, 20263.45%▲ from 3.05%
- Sep 8, 20263.05%first recorded
Minimum Balance of $10,000.00 Required to Earn Dividends; Deposit cannot exceed $500,000.00
- Oct 1, 20263.40%▲ from 3.20%
- Sep 14, 20263.20%first recorded
Balance: $500,000.00 and over; Personal, Business, Non-profit, Trusts, Estates
Balance: $3,000,000 - $4,999,999
Balance: $3,000,000 and over
Balance: $250,000.00 - $999,999.99
- Oct 12, 20263.30%▲ from 3.04%
- Sep 12, 20263.04%first recorded
Balance: $100,000.00 and above; Variable rate account; Initial deposit of at least $10,000 in new-to-Five Star Bank money
Balance: $250,000+
New money only; Balance: $25,000.00 and over; Daily balances at or below $24,999.99 earn 1.50% APY; Check writing unavailable; Interest compounded daily & credited monthly
Balance: $5,000,000.00 or more
Balance: $0 - $99,999.99; Personal and Commercial; Available in-branch only; APY effective 08/13/2026
Earned when the MMA balance is below $50,000, or when no business checking account is opened
Balance: $1,500,000 and over
- Oct 21, 20263.25%▲ from 2.31%
- Sep 24, 20262.31%first recorded
Tier 4; Balance: $250,000.00 to $499,999.99
Tier 4; Balance: $250,000.00 to $499,999.99
Balance: $500,000.00 - $999,999.99; Tiered and variable rate; $20.00 fee if average daily balance falls below $100,000
Balance: Greater than or equal to $25,000.00
Balance: Greater than or equal to $25,000.00
Balance: $200,000 - $299,999; No monthly service fee; Dividends accrued daily and paid monthly
Balance: $200,000 - $299,999.99; Dividends accrued daily and paid monthly; No check-writing capabilities allowed
Balance: $200,000 and over; Requires Sunmark Signature checking account
Balance: $25,000.00 and over; Requires Beacon Bank checking account with ownership relationship; Interest rate 3.15%
Balance: $1,000,000 - $2,999,999
Balance: $1,000,000 - $2,999,999
Balance: $50,000 - $249,999.99
Balance: $1,000,000 and Over
Balance: $100,000.00 - $249,999.99
- Oct 12, 20263.04%▲ from 2.78%
- Sep 12, 20262.78%first recorded
Balance: $100,000 - $199,999; No monthly service fee; Dividends accrued daily and paid monthly
Balance: $100,000 - $199,999.99; Dividends accrued daily and paid monthly; No check-writing capabilities allowed
Balance: $150,000 - $199,999.99; Requires Sunmark Signature checking account
Balance: $250,000 to $999,999; Introductory rate per footnote 1 (6-month introductory rate, 184 calendar days from account opening); Average monthly balance under $50,000 will not earn dividends or the introductory rate
- Oct 2, 20262.90%▲ from 2.75%
- Sep 18, 20262.75%first recorded
Balance: $250,000 to $999,999
- Oct 2, 20262.90%▲ from 2.75%
- Sep 18, 20262.75%first recorded
Balance: $1,000,000 and over; Rates effective 10/1/26; If balance falls below the minimum stated, the current savings account APY will apply
- Oct 5, 20262.90%▲ from 2.75%
- Sep 14, 20262.75%first recorded
Balance: $1,000,000.01 +; Average Daily Bal. Compound Monthly
Balance: $25,000.00 and over
Balance: $50,000 - $99,999; No monthly service fee; Dividends accrued daily and paid monthly
Balance: $50,000 - $99,999.99; Dividends accrued daily and paid monthly; No check-writing capabilities allowed
Balance: $250,000 +
Balance: $100,000 and over
Balance: $100,000 - $149,999.99; Requires Sunmark Signature checking account
Balance: $500,000 - $999,999.99
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.
Ithaca, NY Money Market Rate Trends
Compare local Ithaca, NY 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 York high-yield MMA rates rose 0.015 points over the past 7 days to 3.097% APY.
New York standard MMA rates rose 0.045 points over the past 7 days to 0.515% APY.
Ithaca, New York Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current NY 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 NY high-yield money market average of 3.097% 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 Ithaca, New York.
Money Market Account Earnings in Ithaca, New York
Annual interest earnings at current NY 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 (3.097% APY) | Monthly Earnings | Standard MMA (0.515% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $309.69 / year | $25.81 | $51.52 / year | $4.29 |
| $25,000 | $774.23 / year | $64.52 | $128.80 / year | $10.73 |
| $50,000 | $1,548.45 / year | $129.04 | $257.60 / year | $21.47 |
| $100,000 | $3,096.90 / year | $258.08 | $515.20 / year | $42.93 |
| 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: Ithaca, New York money market rate averages as of October 25, 2026. | ||||
About Our Ithaca, New York Money Market Rate Database
MonitorBankRates found 7 institutions with branches in Ithaca (4 banks, 3 credit unions), plus 56 additional state-chartered and national online institutions available to Ithaca 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: Citizens Bank offers a money market account at 3.50% APY. Use the rate table above to compare all current offers in Ithaca, New York.
How to Find the Best Money Market Rates in Ithaca, New York
What to compare when shopping for a money market account in Ithaca, New York
To find the best money market APYs in Ithaca, New York, start with credit unions and online-only banks: Ithaca, New York has 26 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 NY high-yield money market average is 3.097% 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. Ithaca, New York high-yield money market rates currently average 3.097% 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 Ithaca, New York institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 63 institutions in Ithaca, New York 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 Ithaca, New York CD rates
- You don’t need check writing and want a lower minimum Ithaca, New York savings rates
- You need daily transaction access Ithaca, New York checking rates
Ithaca, New York Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
10.1% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 7.3% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s NY high-yield money market average of 3.097%, saving 10% of the local median salary ($2,882/year) would earn an additional $89 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Ithaca, New York Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Ithaca, New York.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current NY Avg APY | 3.097% | View Savings Rates | 0.515%(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 Ithaca, New York averages tracked in our database as of October 25, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Ithaca, New York 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 Ithaca, New York 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 Ithaca, New York
At NY’s top money market rate of 3.50% from Citizens Bank, 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 Ithaca, New York earner is roughly $7,200. At 3.097% APY in a money market account, saving $600/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountNew York’s high-yield money market average is 3.097% 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 Ithaca, New York earner makes $28,829/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.097% APY.
Retirement PlannerA $25,000 money market balance earning 3.097% APY grows to roughly $46,010 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 Ithaca, New York 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 Ithaca, New York 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 Ithaca, New York. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in NY.
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 Ithaca, New York
What is a Money Market Account (MMA)?
Are Money Market accounts in Ithaca, New York safe?
How often do MMA rates change in Ithaca, New York?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Ithaca, New York?
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 Ithaca, New York for money market accounts?
Best Money Market Rates in Ithaca, New York
- Citizens Bank
Citizens Quest Money Market - Preferred: 3.50% APY - Visions Federal Credit Union
Business Money Market: 2.65% APY - Alternatives Federal Credit Union
Money Market: 0.85% APY - Beginnings Credit Union
Money Market Savings: 0.75% APY - Chemung Canal Trust Company
Money Market: 0.10% APY
Ithaca, New York Rates & Resources
