Philadelphia, Pennsylvania Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current Philadelphia, Pennsylvania and the surrounding area money market deposit account rates include Everence Federal Credit UnionEverence Federal Credit Union861 E Allegheny Ave, Philadelphia, PA 19134A+5.0 ★Texas Ratio: 4.19%Real return: +0.95%APY minus 2.8% CPI (February 2026) Indexed money market at 3.75% APY, Port Richmond SavingsPort Richmond Savings2522 E Allegheny Ave, Philadelphia, PA 19134A5.0 ★Texas Ratio: 6.39%Real return: +0.94%APY minus 2.8% CPI (February 2026) Money Market- Super Premium at 3.74% APY, Wilmington Savings Fund Society (WSFS)Wilmington Savings Fund Society (WSFS)1901 E Passyunk Ave, Philadelphia, PA 19148A+5.0 ★Texas Ratio: 3.38%Real return: +0.20%APY minus 2.8% CPI (February 2026) High-Yield Money Market at 3.00% APY, Pennsylvania State Employees Credit UnionPennsylvania State Employees Credit Union12901 Townsend Rd, Philadelphia, PA 19154 1021A+5.0 ★Texas Ratio: 4.38%Real return: +0.05%APY minus 2.8% CPI (February 2026) Money Market at 2.85% APY, and American Heritage Federal Credit UnionAmerican Heritage Federal Credit Union2060 Red Lion Rd, Philadelphia, PA 19115 1603A5.0 ★Texas Ratio: 6.83%Real return: +0.00%APY minus 2.8% CPI (February 2026) Platinum Money Market Account at 2.80% APY. Money market rates as of September 16, 2026 according to verified data from MonitorBankRates.
Philadelphia has 20 local institutions in our database, with money market rates as high as 3.75% APY from Everence Federal Credit Union at 861 E Allegheny Ave, Philadelphia, PA 19134. Use the table below to compare all available offers, including options from institutions serving the broader Pennsylvania area. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Philadelphia, Pennsylvania and surrounding area. Last Updated and Verified: September 16, 2026
Compare the Best Money Market Rates Today in Philadelphia, Pennsylvania & the Surrounding Area
Earn premium rates while maintaining easy access to your money. Competitive rates on lower balances. Earn bonus rates with a qualifying checking account. No monthly fee when you maintain a $10,000 daily balance.
Balances of $100,000.00 and over
Balances of $50,000.00 to $99,999.99
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
Balances of $20,000.00 to $49,999.99
Balances of $5,000.00 to $19,999.99
Balances of $500.00 to $4,999.99
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
See Details
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
See Details
See Details
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
See Details
See Details
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
Daily Balances of: $25,000-$199,999.99
Daily Balances of: $100,000
Daily Balances of: $1,500-$4,999.99
Daily Balances of: $1,500-$2,499.99
Balance: $2,500,000 - $4,999,999.99; no Annual Percentage Yield (APY)
no Annual Percentage Yield (APY)
no Annual Percentage Yield (APY)
Balance: $25,000.00 to $2,000,000.99; With Huntington Perks Checking**
Balance: $25,000.00 to $2,000,000.99; Non-Relationship Rate
Balance: $500,000 - $4,999,999.99; no Annual Percentage Yield (APY)
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.
Philadelphia, PA Money Market Rate Trends
Compare local Philadelphia, PA 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.
Pennsylvania high-yield MMA rates currently average 3.037% APY.
Pennsylvania standard MMA rates rose 0.003 points over the past 7 days to 0.753% APY.
Philadelphia, Pennsylvania Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current PA 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 PA 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 Philadelphia, Pennsylvania.
Money Market Account Earnings in Philadelphia, Pennsylvania
Annual interest earnings at current PA 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: Philadelphia, Pennsylvania money market rate averages as of September 16, 2026. | ||||
About Our Philadelphia, Pennsylvania Money Market Rate Database
MonitorBankRates found 20 institutions with branches in Philadelphia (9 banks, 11 credit unions), plus 27 additional state-chartered and national online institutions available to Philadelphia 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 (1–5), 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: Everence Federal Credit Union offers a money market account at 3.75% APY. Use the rate table above to compare all current offers in Philadelphia, Pennsylvania.
How to Find the Best Money Market Rates in Philadelphia, Pennsylvania
What to compare when shopping for a money market account in Philadelphia, Pennsylvania
To find the best money market APYs in Philadelphia, Pennsylvania, start with credit unions and online-only banks: Philadelphia, Pennsylvania has 29 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 PA high-yield money market average is 3.037% but top local institutions are offering as high as 3.75%, 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. Philadelphia, Pennsylvania high-yield money market rates currently average 3.037% 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 Philadelphia, Pennsylvania institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 47 institutions in Philadelphia, Pennsylvania 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 → Philadelphia, Pennsylvania CD rates
- You don’t need check writing and want a lower minimum → Philadelphia, Pennsylvania savings rates
- You need daily transaction access → Philadelphia, Pennsylvania checking rates
Philadelphia, Pennsylvania Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
14.7% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 8.1% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s PA high-yield money market average of 3.037%, saving 10% of the local median salary ($4,247/year) would earn an additional $129 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Philadelphia, Pennsylvania Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Philadelphia, Pennsylvania.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current PA 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 Philadelphia, Pennsylvania 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.
Philadelphia, Pennsylvania 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 Philadelphia, Pennsylvania 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 Philadelphia, Pennsylvania
At PA’s top money market rate of 3.75% from Everence Federal Credit Union, a $10,000 deposit earns $375 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Philadelphia, Pennsylvania earner is roughly $10,600. At 3.037% APY in a money market account, saving $880/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountPennsylvania’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 Philadelphia, Pennsylvania earner makes $42,478/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.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Philadelphia, Pennsylvania 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 Philadelphia, Pennsylvania 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 Philadelphia, Pennsylvania. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in PA.
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 Philadelphia, Pennsylvania
What is a Money Market Account (MMA)?
Are Money Market accounts in Philadelphia, Pennsylvania safe?
How often do MMA rates change in Philadelphia, Pennsylvania?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Philadelphia, Pennsylvania?
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 Philadelphia, Pennsylvania for money market accounts?
Best Money Market Rates in Philadelphia, Pennsylvania
- Everence Federal Credit Union
Indexed money market: 3.75% APY - Port Richmond Savings
Money Market- Super Premium: 3.74% APY - Wilmington Savings Fund Society (WSFS)
High-Yield Money Market: 3.00% APY - Pennsylvania State Employees Credit Union
Money Market: 2.85% APY - American Heritage Federal Credit Union
Platinum Money Market Account: 2.80% APY
Philadelphia, Pennsylvania Rates & Resources
