Money Market Rates Ease;
High-Yield at 3.063%

The money market curve drifted lower this week, with three of the five tiers easing. High-yield MMA came off last week’s run high but kept its place above 3% for a ninth straight week, slipping to 3.063%. Jumbo gave back most of the spike it logged a week ago, falling to 1.781%. Standard nudged up to 0.731%, and credit union posted the week’s biggest gain.

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NATIONAL: National money market rates eased for the week ending June 22, 2026, with three of the five tiers slipping. The leader came off its peak: high-yield money market eased 0.025 points to 3.063%, off last week’s run high but still above 3% for a ninth straight week. Jumbo money market gave back most of the prior week’s jump, falling 0.137 points to 1.781%, the largest move on the board. Standard MMA nudged up 0.018 points to 0.731%, credit union money market posted the week’s biggest gain, rising 0.038 points to 1.294%, and business MMA eased 0.027 points to 1.037%.

High-yield finally gave a little back. After two months of grinding higher or holding flat, it eased 0.025 points to 3.063%, slipping off the run high it set last week. The move is small, and the tier is still above 3% for a ninth straight week, sitting near the top of the band it has kept since late April. For savers the practical read barely changes: the leading MMAs are still paying near the top of that band, so a strong rate captured now should hold for the near term. What changed this week is the direction, not the level.

The middle of the curve told the week’s clearer story. Jumbo, which jumped 0.177 points a week ago, handed back 0.137 of it to land at 1.781%, the round trip a thin reporting pool tends to produce and the reason last week’s spike came with a caution. It holds clear second place, but on a sample this small the level moves around. Credit union went the other way, posting the week’s biggest gain at 0.038 points to reach 1.294% and stretching its edge over business, which eased 0.027 points to 1.037%. All three remain bunched well below the high-yield leader.

At the bottom, standard broke a flat streak of its own, nudging up 0.018 points to 0.731%. With high-yield easing and standard ticking higher, the gap between them narrowed to 2.332 points from 2.375, though it is still the widest spread in the market by a long way. That gap is real money: a saver with $25,000 in a standard MMA could pick up roughly $583 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 Texas money market rates, for instance, can line up the best in-state and online options against this national picture and see where it pays to look harder.

Step back and the picture rhymes with recent weeks: a stable top tier and a lot of motion in the thin pools that does not amount to much. The conventional ordering is intact, with high-yield leading, jumbo a clear second, and credit union, business, and standard clustered below. What moved this week was largely the noise, not the structure. Jumbo’s reversal was the largest swing on the board, and it simply unwound the largest swing from the week before. Underneath it, the body of the market drifted lower in thousandths, and the leader came off its high without losing its grip on first place.

The reason the curve barely moves is the one holding the rest of the deposit market in place: the Federal Reserve. At its June 16-17 meeting, the Fed left the federal funds rate at 3.50% to 3.75%, the fourth straight meeting without a change since the December cut. 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 still leaning toward a cut as the Fed’s next move rather than a hike, the high-yield tier’s perch above 3% looks more like a near-term high than a floor. This week’s slip across the top of the curve is a reminder that even a steady benchmark does not guarantee a steady rate.

For savers, the takeaway holds even on a down week: the money is at the top, and the gap to everything else is wide. High-yield MMA at 3.063% still pays more than four times the standard tier and stayed above 3% even as it came off its high. The catch is the variable rate. The same feature that let it drift up over the past two months is the one that let it ease this week, 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.