Best Money Market Rates in Spokane, Washington - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Spokane, Washington and the surrounding area money market deposit account rates include Safeway Federal Credit UnionSafeway Federal Credit Union529 E North Foothills Dr, Spokane, WA 99207A+5.0 ★Texas Ratio: 3.64%Real return: +0.90%APY minus 2.8% CPI (February 2026) Money Market at 3.70% APY, Sunflower BankSunflower Bank244 W Main Ave, Spokane, WA 99201A+5.0 ★Texas Ratio: 5.67%Real return: +0.65%APY minus 2.8% CPI (February 2026) Thrive Money Market at 3.45% APY, Progressions Credit UnionProgressions Credit Union2919 E Mission AVE, Spokane, WA 99202 3624A+5.0 ★Texas Ratio: 1.00%Real return: +0.23%APY minus 2.8% CPI (February 2026) Premium Money Market ("SmartMarket Plus") Accounts at 3.03% APY, Spokane Teachers Credit UnionSpokane Teachers Credit Union106 W Nora Ave, Spokane, WA 99205A+5.0 ★Texas Ratio: 3.13%Real return: -0.01%APY minus 2.8% CPI (February 2026) Member Preferred Money Market at 2.79% APY, and Spokane City Credit UnionSpokane City Credit Union1930 N Monroe St, Spokane, WA 99205 4538A+5.0 ★Texas Ratio: 2.52%Real return: -0.01%APY minus 2.8% CPI (February 2026) Money Market / Preferred Share Investment (PSI) at 2.79% APY. Money market rates as of August 28, 2026 according to verified data from MonitorBankRates.
Spokane has 13 local institutions in our database, with money market rates as high as 3.70% APY from Safeway Federal Credit Union at 529 E North Foothills Dr, Spokane, WA 99207. Use the table below to compare all available offers, including options from institutions serving the broader Washington area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Spokane, Washington and surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Money Market Rates Today in Spokane, Washington & the Surrounding Area
Minimum balance to earn interest $5,000. Member is allowed 3 transactions per month to retain Money Market interest rate.
APY effective 07/01/2026. Rate is variable and balance tiers may change after account is opened. STCU membership is required to open account and fees may reduce earnings. STCU allows up to six (6) pre-authorized, automatic, or remote (such as online and mobile banking) transfers to another account, including other accounts you own, per calendar month. A $5 "excess item fee" may be charged for the first three items above that limit, and $15 for each additional item after that. See transaction limits.
Minimum balance to earn interest $5,000. Member is allowed 3 transactions per month to retain Money Market interest rate.
Maximum $100,000 deposit per client.
*APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Federally insured by the NCUA.
Maximum $100,000 deposit per client.
*APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Federally insured by the NCUA.
*APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Federally insured by the NCUA.
*APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Federally insured by the NCUA.
For Bonus Checking members looking to earn more on high balances. This account awards its best rate to your highest qualifying balances.
Qualifying balance; $100,000 to $249,999.99 (qualifying rate)
Qualifying balance; $50,000 to $99,999.99 (qualifying rate)
Truth in Savings Disclosure (PDF)
Non-qualifying balance; $250,000+ (non-qualifying rate)
$1,000 minimum to earn interest and avoid $10 monthly service charge.
$1,000 minimum to earn interest and avoid $10 monthly service charge.
Method of Compounding: Daily
Method of Compounding: Daily
Variable Tiered Rates pay higher Annual Percentage Yield (APY) on higher balances. Rates are variable and subject to change after account opening. 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.
Spokane, WA Money Market Rate Trends
Compare local Spokane, WA 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.
Washington high-yield MMA rates fell 0.138 points over the past 7 days to 2.911% APY.
Washington standard MMA rates fell 0.319 points over the past 7 days to 0.535% APY.
Spokane, Washington Money Market Rate Forecast — Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current WA 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 WA high-yield money market average of 2.911% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; money market institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online money market rates tend to adjust faster than standard branch-based MMA rates, and jumbo-tier rates often adjust first.
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 Spokane, Washington.
Money Market Account Earnings in Spokane, Washington
Annual interest earnings at current WA 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 (2.911% APY) | Monthly Earnings | Standard MMA (0.535% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $291.08 / year | $24.26 | $53.51 / year | $4.46 |
| $25,000 | $727.70 / year | $60.64 | $133.78 / year | $11.15 |
| $50,000 | $1,455.40 / year | $121.28 | $267.55 / year | $22.30 |
| $100,000 | $2,910.80 / year | $242.57 | $535.10 / year | $44.59 |
| 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: Spokane, Washington money market rate averages as of August 29, 2026. | ||||
About Our Spokane, Washington Money Market Rate Database
MonitorBankRates found 13 institutions with branches in Spokane (2 banks, 11 credit unions), plus 27 additional state-chartered and national online institutions available to Spokane 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: Safeway Federal Credit Union offers a money market account at 3.70% APY. Use the rate table above to compare all current offers in Spokane, Washington.
How to Find the Best Money Market Rates in Spokane, Washington
What to compare when shopping for a money market account in Spokane, Washington
To find the best money market APYs in Spokane, Washington, start with credit unions and online-only banks — Spokane, Washington has 28 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 WA high-yield money market average is 2.911% — but top local institutions are offering as high as 3.70%, 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. Spokane, Washington high-yield money market rates currently average 2.911% 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 Spokane, Washington institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 40 institutions in Spokane, Washington 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 → Spokane, Washington CD rates
- You don’t need check writing and want a lower minimum → Spokane, Washington savings rates
- You need daily transaction access → Spokane, Washington checking rates
Spokane, Washington Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
16.6% of residents are 65 or older — below the national average of 17.3%. At today’s WA high-yield money market average of 2.911%, saving 10% of the local median salary ($4,033/year) would earn an additional $117 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Spokane, Washington Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Spokane, Washington.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current WA Avg APY | 2.911% | View Savings Rates | 0.535%(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 | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Spokane, Washington averages tracked in our database as of August 29, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Spokane, Washington 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 Spokane, Washington 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 Spokane, Washington
At WA’s top money market rate of 3.70% from Safeway Federal Credit Union, a $10,000 deposit earns $370 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Spokane, Washington earner is roughly $10,100. At 2.911% APY in a money market account, saving $840/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountWashington’s high-yield money market average is 2.911% 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 Spokane, Washington earner makes $40,334/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 2.911% APY.
Retirement PlannerA $25,000 money market balance earning 2.911% APY grows to roughly $44,377 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 Spokane, Washington 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 Spokane, Washington 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 Spokane, Washington. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in WA.
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 Spokane, Washington
What is a Money Market Account (MMA)?
Are Money Market accounts in Spokane, Washington safe?
How often do MMA rates change in Spokane, Washington?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Spokane, Washington?
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 Spokane, Washington for money market accounts?
Best Money Market Rates in Spokane, Washington
- Safeway Federal Credit Union
Money Market — 3.70% APY - Sunflower Bank
Thrive Money Market — 3.45% APY - Progressions Credit Union
Premium Money Market ("SmartMarket Plus") Accounts — 3.03% APY - Spokane Teachers Credit Union
Member Preferred Money Market — 2.79% APY - Spokane City Credit Union
Money Market / Preferred Share Investment (PSI) — 2.79% APY
Spokane, Washington Rates & Resources
