Money Market Rates Hold;
High-Yield at 3.088%

The money market curve stayed quiet again this week, with one exception. Jumbo MMA jumped 0.177 points to 1.918%, the week’s largest move, though from a thinner reporting pool that makes its swings less reliable. High-yield held its place at the top, edging to 3.088% for an eighth straight week above 3%. Standard was exactly unchanged at 0.713%, and credit union and business barely moved.

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NATIONAL: Current money market rates stayed quiet for the week ending June 15, 2026, with one exception. Jumbo money market rates jumped 0.177 points to 1.918%, the week’s largest move, though that tier’s smaller reporting pool makes its swings the noisiest on the board. The leader barely budged: high-yield money market edged up 0.005 points to 3.088%, an eighth straight week above 3% and a run high. Standard MMA was exactly flat at 0.713%, credit union money market eased 0.001 points to 1.256%, and business money market ticked up 0.004 points to 1.064%.

High-yield money market did what it has done for two months: hold near the top. It edged up 0.005 points to 3.088%, an eighth straight week above 3% and the high end of the narrow band it has kept since late April. For most of that run the tier hovered around 3.05%; it now sits a touch above. For savers, the steadiness is the practical headline: the leading MMAs are not swinging week to week, so a strong rate captured now should hold for the near term.

The middle of the curve was where the one real move landed. Jumbo money market jumped 0.177 points to 1.918%, stretching its hold on clear second place, but its reporting pool is among the smallest on the board, so a single week’s swing there says more about the sample than the market. Below it, credit union money market eased 0.001 points to 1.256% and business MMA ticked up 0.004 points to 1.064%, the kind of moves that round to nothing. All three remain bunched well below the high-yield leader.

At the bottom, standard money market did not move at all, holding at 0.713%. With high-yield edging up and standard flat, the gap between them widened to 2.375 points from 2.370, the widest spread in the market. That gap is real money: a saver with $25,000 in a standard MMA could pick up roughly $594 a year by moving to a competitive high-yield account, and a savings calculator shows what any balance earns at each rate. If you are weighing where to keep the cash, it is worth seeing how a money market account compares with a savings account first.

A quick word on what these numbers are. They are national averages, drawn from rates collected directly off institution websites. What any one saver can actually get depends on where they bank and how far they are willing to shop. Someone comparing Florida money market rates, for instance, can line up the best in-state and online options against this national picture and see where the gap is worth chasing.

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 changed this week was jumbo, whose jump stretched its lead over the tiers beneath it without reshaping the curve, and which leans on a thin enough sample that it may give some of the move back. 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 this week, on 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 3.088% pays more than four times the standard tier and held its ground even as the body of the curve sat still. The catch is the variable rate. The same feature that lets it drift up 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 weekly money market rate trends page.