Written by

Brian McKay

Brian McKay

Co-Founder & Lead Data Architect

Expertise

• Automated Online Rate Data Aggregation
• Location-Based Rate Tables
• Bank & Credit Union Health Safety Ratings
• Bank & Credit Union Star Ratings
• Finance Calculators

Brian is the Co-Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.

Read Full Bio

| August 25, 2026 | 5 min read

Jumbo Money Market Rates Keep Climbing; High-Yield Holds Near 3%

High-yield money market rates eased 0.009 points to 3.043% this week and still pay more than any savings account or CD term we track. Jumbo money market rates rose 0.046 points to 2.050%, and business money market rates climbed for a fifth straight report.

Average money market account rates were mixed this week. High-yield money market rates slipped 0.009 points to 3.043%, a dip small enough that the average still sits above its July 27 level. Jumbo money market rates added 0.046 points to reach 2.050%, their third straight gain, and business money market rates rose for a fifth straight report. High-yield money market accounts also widened their lead over 12-month CDs, because CD rates fell this week while money market rates held close to where they were.

A small dip for high-yield money market rates

Money market rates by account category, national average APY since mid-April

Average APYs from MonitorBankRates.com's nightly collection, the same series this report's figures come from, updated daily.

High-yield money market rates eased 0.009 points to 3.043% this week. Even after the dip, the average sits above its July 27 level of 3.034%, and no other liquid deposit account we track pays a higher average. Credit union money market rates added 0.013 points to reach 1.325%, while standard money market rates gave back 0.010 points to 0.747%, returning part of the 0.053-point jump they posted last week. Rates on business money market accounts rose 0.020 points to 1.107%, a fifth straight report with a gain; the climb started from 1.027% in early July. The order of the five categories didn't change.

Jumbo money market rates hold above 2.00%

Jumbo money market rates rose 0.046 points to 2.050% this week. The category crossed 2.00% in our August 18 report for the first time this summer, and instead of slipping back it moved further above that level. The average has now risen in three straight reports, from 1.708% in mid-July, a climb of more than a third of a point. One caution belongs next to that number: only 121 institutions report jumbo money market accounts, so the exact average deserves less trust than the direction. The direction, though, has been the same for a month. Banks that want large deposits are raising what they pay for them.

Change since August 18, by money market category (percentage points)

This report's averages, August 18 to August 25. Green bars rose; red bars fell.

Money market rates this week: August 18 vs. August 25

Liquid money keeps beating locked money

Twelve-month CD rates fell to 2.831% in this week's CD rate report, while high-yield money market rates held at 3.043%. That puts the money market advantage at 0.212 points, wider for a second straight report; the gap grew this week because CD rates fell, not because money market rates rose. The Federal Reserve has not met since July 29, when it held its benchmark rate at 3.50% to 3.75% for a fifth straight meeting, and its next decision arrives September 16. In the meantime, a high-yield money market account pays more than an average 12-month CD and leaves the money available. Money market rates are also variable, so an account opened now would capture any future increase, while a CD stays at the rate it opened with.

What the difference pays on a $100,000 balance

The differences between categories are easiest to see on a large balance. A $100,000 balance at the 2.050% jumbo average earns about $2,050 a year; the same $100,000 at the 0.747% standard average earns about $747. That is roughly $1,300 a year separating two accounts with the same access to the money. The insurance is the same too, up to the federal limits; are money market accounts safe explains how FDIC and NCUA coverage applies and where those limits sit. Savers comparing local offers can line up Pennsylvania money market rates against these national averages, and the full history behind every figure in this report is on our money market rate trends page.

Where this leaves your cash

High-yield money market rates barely moved this week and still finished ahead of every CD term and savings category we track, with a wider lead over 12-month CDs than a week ago. Jumbo and business money market rates both rose again. The averages describe the market, not your account: if your cash is earning something closer to the 0.747% standard figure than the 3.043% high-yield figure, it's worth fifteen minutes to compare current offers.