Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Jumbo Money Market Rates Rise to 2.168% After Three Straight Declines
Jumbo money market rates rose 0.212 points to 2.168% between October 6 and October 14, after three straight declines. High-yield money market rates held steady at 3.078%, and business money market rates rose 0.047 points to 1.149%.
Jumbo money market rates rose 0.212 points to 2.168% between October 6 and October 14, the largest change of the five categories, after three straight declines. Rates on high-yield money market accounts held steady at 3.078%, up 0.003 points from 3.075% on October 6. Business money market rates rose 0.047 points to 1.149%, credit union money market rates rose 0.009 points to 1.290%, and standard money market rates held steady at 0.721%.
Key takeaways
- Jumbo money market rates rose 0.212 points to 2.168%, the largest change of the five categories, after 1.956% on October 6; about 166 institutions report jumbo money market rates.
- High-yield money market rates held steady at 3.078%, after 3.073% on September 29 and 3.075% on October 6.
- Business money market rates rose 0.047 points to 1.149%, credit union money market rates rose 0.009 points to 1.290%, and standard money market rates held steady at 0.721%.
- On a $25,000 balance, the 3.078% high-yield average pays about $769.50 a year, against $180.25 at the 0.721% standard average.
High-yield money market rates held steady at 3.078%
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.
The high-yield money market average was 3.037% on September 16, 3.060% on September 22, 3.073% on September 29, 3.075% on October 6 and is 3.078% this week. Business money market rates rose 0.047 points to 1.149%, from 1.102%. Credit union money market rates rose 0.009 points to 1.290%, and standard money market rates held steady at 0.721%.
Jumbo money market rates rose to 2.168% after three straight declines
Jumbo money market rates averaged 2.168% this week, after 2.277% on September 16, 2.124% on September 22, 2.024% on September 29 and 1.956% on October 6. About 166 institutions reported jumbo money market accounts this week, up from about 158 on October 6, and with a pool that size the average can move by large amounts when institutions enter or leave it.
Change since October 6, by money market category (percentage points)
This report's averages, October 6 to October 14. Green bars rose; red bars fell.
Money market rates this week: October 6 vs. October 14
| Account Category | October 6 APY | October 14 APY | Change Since October 6 |
|---|---|---|---|
| High-Yield Money Market ▲Online banks & competitive products | 3.075% | 3.078% | ▲ +0.003 |
| Jumbo Money Market ▲High-balance accounts | 1.956% | 2.168% | ▲ +0.212 |
| Credit Union Money Market ▲Share money market accounts | 1.281% | 1.290% | ▲ +0.009 |
| Business Money Market ▲Business & commercial accounts | 1.102% | 1.149% | ▲ +0.047 |
| Standard Money Market ▲Broad market | 0.719% | 0.721% | ▲ +0.002 |
| Compare live offers: credit union money market accounts · business money market 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 6 to October 14, 2026. Category averages reflect products matching MonitorBankRates.com's money market classification; the jumbo and credit union categories draw from small reporting pools. Source: MonitorBankRates.com. | |||
Money market rates 28 days after the Fed's increase
The Federal Reserve raised its benchmark rate to 3.75% to 4.00% on September 16, its first increase since 2023, by a 12 to 0 vote, and the benchmark has been at that level since. Money market rates are variable, so a bank can pass an increase through to accounts its customers already hold, with nothing to sign; the timing and size are each bank's choice. The figures in this report are dated October 14, 28 days after the announcement. The CD report for October 12 covers CD terms.
What $25,000 earns at the October 14 money market averages
A $25,000 balance at the 3.078% high-yield money market average earns about $769.50 a year; at the 0.721% standard average it earns about $180.25. The savings calculator projects the growth of a balance at a chosen rate, and the CD vs. high-yield savings calculator lines up a CD and a high-yield savings account side by side; both start from today's average rates, computed daily from more than 8,000 banks and credit unions. What a money market account is covers the product basics, Illinois money market rates lists offers in that state, and category history is on the money market rate history page.
Money market averages on October 14
High-yield money market accounts average 3.078% and standard money market accounts average 0.721%. On a $25,000 balance, that is a difference of about $589.25 a year. Jumbo money market accounts average 2.168%. Money market rates are variable, and each bank sets the timing and size of any change that follows the Fed's increase.
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 October 14, 2026, the latest collection ran October 14, 2026. Category counts overlap because an institution can offer accounts in more than one category.
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.
