Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average Business Money Market Rate Rises to 1.154% While High-Yield Rate Holds Steady at 3.096%
Business money market rates rose 0.012 percentage points to 1.154% between October 29 and November 4. High-yield money market rates held steady at 3.096%, and credit union money market rates held steady at 1.274%.
Average business money market rates rose 0.012 percentage points to 1.154% between October 29 and November 4, from 1.142%, the only one of the four categories to move more than 0.005. Rates on high-yield money market accounts held steady at an average 3.096%, credit union money market rates held steady at 1.274%, and standard money market rates held steady at 0.724%.
Key takeaways
- Business money market rates rose 0.012 percentage points to 1.154%, from 1.142% on October 29.
- High-yield money market rates held steady at 3.096%, from 3.095%, on 432 institutions and 994 rates.
- Credit union money market rates held steady at 1.274%, from 1.278%, and standard money market rates held steady at 0.724%, from 0.722%.
- A $15,000 balance at the 3.096% high-yield average earns about $464.40 a year, against $108.60 at the 0.724% standard average.
Business money market rates rose 0.012 percentage points to 1.154%
Money market rates by account category, national average APY since April 13
Average APYs from MonitorBankRates.com's nightly collection, the same series this report's figures come from, updated daily.
Business money market rates averaged 1.116% on September 16, 1.149% on October 14, 1.168% on October 22, 1.142% on October 29 and 1.154% on November 4. The November 4 average comes from 295 institutions and 1,456 rates. With a pool that size, an average can move when a few institutions enter or leave it as well as when banks change their rates.
High-yield, credit union and standard money market rates held steady
High-yield money market rates averaged 3.037% on September 16, 3.078% on October 14, 3.095% on October 22 and October 29, and 3.096% on November 4. Credit union money market rates averaged 1.290% on October 14 and October 22, 1.278% on October 29 and 1.274% on November 4, on 1,779 institutions and 10,211 rates, the largest reporting pool of the four categories. Standard money market rates averaged 0.727% on October 22, 0.722% on October 29 and 0.724% on November 4, on 1,129 institutions and 5,728 rates.
Change since October 29, by money market category (percentage points)
This report's averages, October 29 to November 4. Green bars rose; red bars fell.
Money market APYs by account category, October 29 and November 4
| Account Category | October 29 APY | November 4 APY | Change Since October 29 |
|---|---|---|---|
| High-Yield Money Market ▲Bank accounts paying 2.50% APY or more | 3.095% | 3.096% | ▲ +0.001 |
| Credit Union Money Market ▼Share money market accounts | 1.278% | 1.274% | ▼ -0.004 |
| Business Money Market ▲Business accounts at banks | 1.142% | 1.154% | ▲ +0.012 |
| Standard Money Market ▲Bank accounts paying under 2.50% APY | 0.722% | 0.724% | ▲ +0.002 |
| Compare live offers: credit union money market accounts · high-yield savings accounts · compare money market rates | |||
| All APYs are national averages of what real licensed institutions are actually offering to depositors, not promotional teaser rates or rate aggregator estimates. This comparison runs October 29 to November 4, 2026. High-yield and standard money market accounts are bank accounts split at 2.50% APY; credit union money market accounts form one category, and business money market accounts are business accounts at banks. Source: MonitorBankRates.com. | |||
Money market averages 49 days after the Fed's September 16 increase
The Federal Open Market Committee raised its target range a quarter point to 3.75% to 4.00% on September 16 and left it there on October 28. It has not met since. High-yield money market rates averaged 3.037% on September 16 and 3.096% on November 4, a difference of 0.059 percentage points over 49 days. Money market rates are variable, so a bank can change the rate on an existing account at any time, and the timing and size of a change are each bank's choice.
What $15,000 earns in a year at each November 4 money market average
A $15,000 balance earns about $464.40 a year at the 3.096% high-yield average and about $108.60 at the 0.724% standard average. At 1.274% a credit union money market account earns about $191.10, and at 1.154% a business money market account earns about $173.10. The savings goal calculator works out the monthly deposit needed to reach a target, and the CD vs. high-yield savings calculator sets a certificate of deposit against a savings account; both start from today's average rates, computed daily from more than 8,000 banks and credit unions, and state figures can be loaded. What a money market account is covers the product basics, New York money market rates lists offers in that state, and category history is on the money market rate history page.
Money market averages on November 4
High-yield money market accounts average 3.096%, credit union accounts 1.274%, business accounts 1.154% and standard accounts 0.724%. The rate an individual account pays depends on the institution and the balance.
Data Coverage & Methodology
All APYs in this report are calculated from rates collected directly from institution websites by MonitorBankRates.com's proprietary systems, tracking what real licensed institutions are actually offering to depositors, not promotional teaser rates or rate aggregator estimates.
As of November 4, 2026, these averages were calculated from 18,389 individual rates verified across the four categories; the latest collection ran November 3, 2026. The table below shows how many institutions reported rates in each category.
| Account Category | Institutions | Rates Verified |
|---|---|---|
| High-Yield Money Market | 432 | 994 |
| Credit Union Money Market | 1,779 | 10,211 |
| Business Money Market | 295 | 1,456 |
| Standard Money Market | 1,129 | 5,728 |
| Total | 18,389 |
Category counts overlap because an institution can offer accounts in more than one category. Jumbo money market accounts are not a separate category in this report.
This report is for general information and is not financial advice. The APY any saver receives depends on the institution, balance, and location; confirm current offers with institutions before making decisions.
