Money Market Rates Drift;
Jumbo Snaps Back to 1.858%

Money market rates drifted this week, two tiers up and three down, with the loudest move coming from the smallest pool. The jumbo tier snapped back 0.150 points to 1.858%, more than recovering last week’s drop and reaching its best level of the summer. High-yield money market eased 0.009 points to 3.034% and remains the deposit board’s dominant liquid yield, now a full 1.059 points above high-yield savings, the widest that gap has been all season. The quieter development is the one worth watching: the climbing one-year CD has narrowed high-yield’s liquid premium for a third straight report, and the Fed meets this week.

📊 Full 5-tier money market data: 1,821 institutions tracked across all 50 states.

NATIONAL: Money market rates drifted the week ending July 27, 2026, with two tiers rising and three easing. Jumbo money market accounts posted the week’s outsized move, jumping 0.150 points to 1.858%, their highest reading of this run. High-yield money market accounts eased 0.009 points to 3.034%, still far and away the top liquid yield on the deposit board, and business money market rose 0.018 points to 1.085%, its third straight weekly gain. Credit union money market slipped 0.011 points to 1.287% and the broad standard tier eased 0.005 points to 0.704%.

Start with the loud move, honestly told. Jumbo money market’s 0.150-point jump more than reversed last week’s 0.087-point drop and carried the tier past the 1.795% plateau it held through early July to its best level of the summer. Both halves of that whiplash came from the board’s thinnest reporting pool, so consecutive swings of that size read as sample volatility more than lenders repricing twice in opposite directions; the honest takeaway is the level, not the move. At 1.858%, the tier holds second place with room to spare, and where it settles over the next few reports will say more than either of the last two weeks did.

The dominant tier drifted and kept every title. High-yield’s slip to 3.034% is its third small easing in four reports, a slow leak rather than a decline, and its comparisons remain lopsided: it out-pays high-yield savings, at 1.975% as of this report, by 1.059 points, the widest that gap has been all summer, and it still beats the one-year CD without locking a dollar. The spread over the standard tier, which eased to 0.704%, sits at 2.330 points, still the largest rate-shopping gap on the deposit board. Beneath the headline tiers, business money market’s 0.018-point rise to 1.085% extended the board’s quietest streak, three consecutive gains totaling nearly six hundredths, while credit union money market gave back 0.011 points to 1.287%, holding third. The five-tier ranking did not change.

These are national averages, drawn from rates collected directly off institution websites, and what any one saver earns depends on the bank, the balance, and the tier minimums. The gap between the best money market accounts and the broad market is wide enough that shopping matters more than timing; how to find the best money market account rates covers where the strongest offers live, and someone comparing Wisconsin money market rates can line up local options against this national picture.

The race worth watching in this market is between its own top tier and the one-year CD. Three reports ago the high-yield money market average out-paid the 12-month CD by 0.224 points; the gap is now 0.181 and has shrunk each week, not because the money market tier is falling apart but because it drifts a few thousandths lower while CD pricing grinds a few thousandths higher into the Federal Reserve’s meeting. That meeting is this week, July 28 and 29, the first since the June 17 hold that kept the funds rate at 3.50% to 3.75% for a fourth straight time, the first under new Chair Kevin Warsh, with projections leaning toward a hike rather than a cut. Markets widely expect a fifth hold, and this report goes to press before the decision. The outcome cuts directly at this comparison: a hold likely lets the CD keep closing the gap, while a surprise hike would lift the variable money market tier immediately and reopen it.

For savers, the choice remains lopsided in the same direction, just less so. At 3.034%, the high-yield money market tier still pays more than a full point above high-yield savings alternatives and beats the one-year CD by 0.181 points with no lock-in, so a saver unwilling to commit a term is still gaining yield for staying flexible, not sacrificing it. What has changed is the margin for error: at a fifth of a point and shrinking, the liquid premium no longer dwarfs the CD the way it did in early July, and a saver confident the money can sit for a year has a closer call than a month ago. If the Fed surprises with the hike its projections hint at, the variable tier captures it automatically and the question answers itself. Tier-by-tier detail lives on the national money market trends page.