Jumbo Money Market Leads at 1.409%;
5-Tier MMA Coverage Expands
April 7, 2026
Jumbo money market accounts lead all MMA tiers at 1.409% APY as of April 7, 2026. High-yield MMA averages 1.256% and standard MMA 1.117%. This release expands coverage to 5 product tiers including credit union and business money market.
NATIONAL — Jumbo money market accounts lead all tracked tiers at 1.409% APY as of April 7, 2026, based on 521 verified rate quotes from 148 institutions. High-yield MMA averages 1.256% across 483 institutions and standard MMA averages 1.117% across 2,055 institutions. This release expands MonitorBankRates.com money market coverage from 3 to 5 product categories, adding credit union money market (1.175%, 51 institutions) and business money market (1.165%, 349 institutions) to the weekly dataset.
Jumbo money market accounts lead at 1.409% APY — a 0.153 percentage point premium over high-yield MMA at 1.256% and a 0.292 point spread over standard MMA at 1.117%.
Breaking down by product tier, jumbo money market accounts lead the market at 1.409% APY across 148 reporting institutions. High-yield money market accounts average 1.256% across 483 institutions — reflecting the broader competitive landscape once online banks and credit unions are included at scale. Standard money market accounts average 1.117% across 2,055 institutions, representing the large base of traditional MMA products. Credit union money market accounts average 1.175% across 51 institutions, and business money market accounts average 1.165% across 349 commercial deposit accounts.
Unlike savings accounts, money market accounts typically offer check-writing privileges and debit card access, making them a practical choice for depositors who want competitive yield with some liquidity. The 0.292 percentage point spread between jumbo and standard MMA, and the 0.139 point spread between jumbo and high-yield, reflect meaningful rate differentiation across tiers. Track how these spreads evolve at the national money market rate trends page.
| Product Tier | National Avg APY | Notes |
|---|---|---|
| Money Market Account Tiers — April 7, 2026 | ||
| Jumbo Money MarketJumbo & premium tier products · 148 institutions | 1.409% | Highest tier · 521 quotes |
| High-Yield Money MarketOnline banks & competitive rate products · 483 institutions | 1.256% | Rate-competitive tier · 1,969 quotes |
| Standard Money MarketBroad market · 2,055 institutions across all bank types | 1.117% | Broad market baseline · 8,691 quotes |
| Credit Union Money MarketShare & credit union MMA products · 51 institutions | 1.175% | Credit union tier · 184 quotes |
| Business Money MarketBusiness & commercial MMA accounts · 349 institutions | 1.165% | Commercial tier · 1,469 quotes |
| All APYs are national averages collected and verified by MonitorBankRates.com from institution websites across all 50 states as of April 7, 2026. Overall universe: 14,205 verified quotes from 2,547 institutions. Tier APYs reflect products matching MonitorBankRates.com expanded 5-tier MMA classification. Source: MonitorBankRates.com. | ||
Money market account rates are influenced by the federal funds rate, short-term Treasury yields, and competitive dynamics among deposit institutions. With the Federal Reserve maintaining a stable rate environment through early April 2026, MMA rates have stabilized relative to the rapid increases seen in 2022–2023. The jumbo tier at 1.409% continues to lead the market, reflecting premium pricing at institutions targeting high-balance depositors.
The 0.386 percentage point spread between jumbo (1.409%) and high-yield MMA (1.256%) is wider than the prior period, suggesting that higher-minimum products are offering a more meaningful premium. However, with high-yield MMA accessible at many institutions without jumbo minimums, depositors should compare both tiers before committing to a higher balance requirement. Credit union and business MMA products cluster tightly around 1.165%–1.175%, offering competitive alternatives within their respective segments. Compare the best money market rates from banks and credit unions nationwide →
All APYs in this release are calculated from rates collected directly from institution websites by MonitorBankRates.com’s proprietary systems — tracking what real licensed institutions are actually offering to depositors, not promotional teaser rates or rate aggregator estimates.
As of April 7, 2026, the overall money market universe yielded 14,205 verified APY quotes from 2,547 distinct institutions. This release expands tier coverage to 5 categories: high-yield, jumbo, standard, credit union, and business money market.
| Coverage | Institutions | Quotes Verified |
|---|---|---|
| Overall MMA Universe | 2,547 | 14,205 |
| Jumbo Money Market | 148 | 521 |
| High-Yield Money Market | 483 | 1,969 |
| Standard Money Market | 2,055 | 8,691 |
| Credit Union Money Market | 51 | 184 |
| Business Money Market | 349 | 1,469 |
Tier APYs are derived from products matching MonitorBankRates.com's 5-tier MMA classification, tracked weekly on the national money market rate trends page.
MonitorBankRates.com is an independent financial data publisher collecting and verifying deposit, lending, and mortgage rates directly from the public websites of thousands of banks and credit unions across the United States. For media inquiries, custom data requests, or licensing information, visit monitorbankrates.com/contact-us.
MonitorBankRates.com — Press & Research Relations
Web: www.monitorbankrates.com
Rate data: monitorbankrates.com/money-market-rates/trends/
