Money Market Rates Flat Again;
High-Yield Ticks Up to 3.064%

Money market rates went almost nowhere this week, an even quieter stretch than the last. High-yield money market, by far the highest tier on the board, ticked up a thousandth to 3.064% after holding exactly flat a week ago. Standard inched up by the same amount, jumbo did not move at all, and credit union and business eased by a thousandth or two. The defining feature of this market is still the enormous high-yield premium, more than two and a third points above the standard tier. With the Fed having held June 17 and signaling higher for longer, these yields stay range-bound.

📊 Full 5-tier money market data: 1,686 institutions tracked across all 50 states.

NATIONAL: National money market account rates were essentially motionless the week ending July 6, 2026, with no tier moving more than two thousandths of a point. High-yield money market accounts ticked up 0.001 points to 3.064%, still more than two and a third points above the standard average. Below it, standard money market inched up 0.001 points to 0.733%, jumbo held exactly flat at 1.795%, and credit union and business eased 0.002 and 0.001 points respectively.

High-yield money market is the whole story here, and it inched forward. At 3.064%, up a thousandth after holding exactly flat a week ago, it remains the single best liquid deposit yield MonitorBankRates.com tracks: it tops high-yield savings at 1.984% and out-yields even the one-year CD at 2.840%, all without locking the money up. A liquid account beating a locked one-year term is unusual, and it has now held for weeks. Everything else in the money market sits far below it.

The middle and lower tiers barely registered. Jumbo money market, the second-highest tier, held exactly at 1.795%, the only tier on the deposit board this week that did not move at all. Credit union money market eased 0.002 points to 1.280%, business money market slipped 0.001 points to 1.027%, and standard money market, the broad-market tier and the lowest of the five, inched up 0.001 points to 0.733%. None of it changes where any tier sits.

The gap is the point, and it did not budge. At 2.331 points between the high-yield and standard tiers, exactly where it stood a week ago since both ends rose a thousandth, a saver in a standard money market account earns less than a quarter of what the high-yield tier pays. That remains the widest rate-shopping spread on the entire deposit board. A quick word on the numbers, too: these are national averages, drawn from rates collected directly off institution websites, so what any one saver earns depends on the bank and the balance. Someone comparing Michigan money market rates, for instance, can line up the best in-state and online options against this national picture.

Two nearly motionless weeks in a row are not a coincidence; they are the market working as designed. Money market APYs at the top of the board track the Fed’s policy rate, and the policy rate has not moved since December. The high-yield tier holds just over 3% because that is where a 3.50% to 3.75% funds rate puts it, and the standard tier at 0.733% barely responds to anything. The result is a board where the interesting number is not any weekly change but the standing gap: the high-yield tier pays better than four times the broad-market average, and closing that gap is a matter of moving money, not waiting on the market.

The Federal Reserve sets the ceiling here. On June 17 the FOMC held the federal funds rate at 3.50% to 3.75% for a fourth straight meeting, the first under new Chair Kevin Warsh, and its projections turned hawkish, pointing to a possible hike rather than a cut. That outlook favors this product more than any other on the deposit board: the high-yield money market tier currently out-yields both high-yield savings and the one-year CD while staying fully liquid, so it rises with a hike and gives up nothing to a lock-in. The catch is that high-yield accounts often attach balance minimums or tiers, and savers newer to the product sometimes ask whether money market accounts are safe; at insured banks and credit unions they carry the same federal deposit insurance as savings. Tier-by-tier detail lives on the national money market rate trends page.