Money Market Rates Hold;
High-Yield Edges Up to 3.083%

Money market rates stayed quiet again this week, with one exception. High-yield MMA edged up 0.031 points to 3.083%, the week’s largest move and its highest reading in a seven-week run above 3%. The rest of the curve barely moved: jumbo MMA was flat for a second week at 1.741%, credit union eased to 1.257%, and standard slipped to 0.713%. The gap between high-yield and standard is now the widest in the market.

📊 Five-tier money market coverage tracked weekly by MonitorBankRates.com.

NATIONAL: Money market rates stayed quiet for the week ending June 8, 2026, with one exception at the top of the curve. High-yield money market rates edged up 0.031 points to 3.083%, the week’s largest move and the tier’s highest reading in a seven-week run above 3%. The rest of the curve barely budged. Jumbo money market was exactly flat at 1.741%, credit union money market eased 0.004 points to 1.257%, business MMA ticked up 0.002 points to 1.060%, and standard MMA slipped 0.008 points to 0.713%.

High-yield money market did the only real moving. It rose 0.031 points to 3.083%, a seventh straight week above 3% and the top of the narrow band it has held since late April. For most of that run the tier hovered around 3.05%; this week it edged to the high end. For savers, an extended plateau at the top of the curve is the practical headline: the leading MMAs are not swinging much week to week, so a strong rate captured now should hold for the near term.

The middle of the curve sat still. Jumbo money market was exactly flat at 1.741% for a second week running, holding clear second place. Credit union money market eased 0.004 points to 1.257%, and business MMA ticked up 0.002 points to 1.060%, the kind of moves that round to nothing. All three remain bunched well below the high-yield leader and above the standard tier.

At the bottom, standard money market slipped 0.008 points to 0.713%. With high-yield rising and standard easing, the gap between them widened to 2.370 points from 2.331, the widest spread in the market. That gap is real money: a saver with $25,000 in a standard MMA could pick up roughly $593 a year by moving to a competitive high-yield account, and a savings calculator shows what any balance earns at each rate. For a rundown of where to look, see how to find the best money market rates.

Step back and the picture is the one that has held for weeks: a quiet curve with a stable, high-paying top tier. The conventional ordering is intact, with high-yield leading, jumbo a clear second, and credit union, business, and standard clustered below. What little changed this week happened at the extremes, as high-yield edged up and standard eased, which widened the curve without reshaping it. The body of the market did not move.

The reason the curve barely moves is the one holding the rest of the deposit market in place: the Federal Reserve. The Fed has kept the federal funds rate at 3.50% to 3.75% since cutting in December, and it held again on April 29, the third meeting in a row without a change. Money market rates are variable and track that benchmark closely, so a parked Fed means a parked curve. For savers, that cuts both ways. A hold beats a cut, which would pull these APYs down, but it offers no lift either, and with the market expecting the next move to be a cut rather than a hike, the high-yield tier’s perch above 3% looks more like a near-term high than a floor. The Fed meets June 16-17, with another hold widely expected.

For savers, the takeaway is the one the high-yield tier keeps making: the money is at the top, and the gap to everything else is wide. High-yield MMA at 3.083% pays more than four times the standard tier and edged higher even as the rest of the curve sat still. The catch is the variable rate. The same feature that let it drift up this week would let it drift down if the Fed eventually cuts, so a saver who wants a fixed rate rather than a strong but floating one may prefer to lock a term product. Track how the curve evolves on the national money market rate trends page.