Money Market Rates Drift Higher;
HY MMA at 3.070%

Four of five MMA tiers moved higher this week, but all moves were modest. High-yield MMA rose 0.027 points to 3.070%, its fourth consecutive week above 3%. Standard MMA was the lone decliner at −0.012 points to 0.712%. No tier crossed 0.030 points in either direction.

📊 Full 5-tier MMA data tracked weekly by MonitorBankRates.com across all 50 states.

NATIONAL — National money market rates drifted modestly higher for the week ending May 12, 2026, with four of five tracked tiers gaining and one declining. High-yield money market APYs rose 0.027 points to 3.070%, marking the fourth consecutive week the tier has held above 3%. Jumbo MMA edged up 0.014 points to 1.658%. Business money market rose 0.008 points to 1.069%, and credit union MMA added 0.007 points to 1.249%. Standard MMA was the lone decliner, slipping 0.012 points to 0.712%.

High-yield bank MMAs (APY ≥ 2.50%) rose 0.027 points to 3.070%, extending the tier’s four-week run above the 3% threshold. The two-week pattern (+0.013 then +0.027) shows a slow, consistent climb at the top of the market — institutions in this tier are gradually repricing higher in step with one another rather than making aggressive single-week jumps. Standard bank MMAs (APY < 2.50%) eased 0.012 points to 0.712%, the first weekly decline in the broad tier in several weeks. The high-yield-to-standard spread now sits at 2.358 percentage points, modestly wider than last week and continuing to reflect the wide gap that has defined MMA pricing for several months.

Jumbo MMA APYs added 0.014 points to 1.658%, a small gain consistent with the tier’s recent quiet pattern. Credit union MMA was essentially flat, edging up 0.007 points to 1.249%. Business MMA rose 0.008 points to 1.069%, also nearly flat. The lack of meaningful moves in the mid-curve tiers this week is itself the signal — the savings and MMA markets often go through periods of consolidation where institutions hold pricing stable while waiting for clearer rate direction from the broader market. Whether this consolidation extends or breaks higher depends on Treasury yield direction over the next two to three weeks.

For depositors, the high-yield tier’s steady climb above 3% remains the most actionable signal in the MMA market. Money market accounts offer check-writing and debit access that pure savings accounts often don’t, while still paying competitive rates at the high-yield tier. The 2.358-point gap between high-yield and standard MMA continues to make rate shopping worthwhile — on a $25,000 balance, the difference between 0.712% and 3.070% APY translates to approximately $590 in additional annual interest compounded monthly. Track how these tier averages evolve on MBR money market trends.

Modest, broadly directional weeks like this one tend to come between bigger swings, not as the start of a new trend. The high-yield tier has now risen for four consecutive weeks — from a late-April low under 3% to this week’s 3.070% — a cumulative gain of roughly 0.10 points. That’s a meaningful move at the top of the market, but it has unfolded gradually rather than in any single dramatic week. Standard MMA’s slight pullback this week, after several weeks of small gains, may simply reflect a handful of large institutions trimming pricing back to where competitors sit.

The persistent 2.3-point gap between high-yield and standard MMA continues to be the defining feature of money market pricing. That gap doesn’t typically close on its own — it closes either through standard tier rates moving up or high-yield rates moving down. Neither has happened convincingly in recent months. For consumers, the practical implication is unchanged: the rate-competitive tier of the MMA market remains substantially above the broad average, and the spread has held wide long enough now that it represents a stable opportunity rather than a temporary anomaly.