Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average High-Yield Money Market Rates Rise to 3.095% as Jumbo Money Market Rates Fall to 1.869%
High-yield money market rates rose 0.017 points to 3.095% between October 14 and October 22. Jumbo money market rates fell 0.299 points to 1.869%, and business money market rates rose 0.019 points to 1.168%.
Rates on high-yield money market accounts rose 0.017 points to 3.095% between October 14 and October 22. Jumbo money market rates fell 0.299 points to 1.869%, the largest change of the five categories. Business money market rates rose 0.019 points to 1.168%, standard money market rates rose 0.006 points to 0.727%, and credit union money market rates held steady at 1.290%.
Key takeaways
- High-yield money market rates rose 0.017 points to 3.095%, from 3.078% on October 14.
- Jumbo money market rates fell 0.299 points to 1.869%, from 2.168% on October 14; about 160 institutions report jumbo money market rates.
- Business money market rates rose 0.019 points to 1.168%, standard money market rates rose 0.006 points to 0.727%, and credit union money market rates held steady at 1.290%.
- On a $25,000 balance, the 3.095% high-yield average pays about $773.75 a year, against $181.75 at the 0.727% standard average.
High-yield money market rates rose 0.017 points to 3.095%
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.
High-yield money market rates averaged 3.037% on September 16, 3.060% on September 22, 3.073% on September 29, 3.075% on October 6, 3.078% on October 14 and 3.095% on October 22. The October 22 average covers 554 institutions with high-yield money market accounts. Business money market rates rose 0.019 points to 1.168%, from 1.149%, and standard money market rates rose 0.006 points to 0.727%, from 0.721%. Credit union money market rates held steady at 1.290%.
Jumbo money market rates fell 0.299 points on a pool of about 160 institutions
Jumbo money market rates averaged 1.869% on October 22, after 2.277% on September 16, 2.124% on September 22, 2.024% on September 29, 1.956% on October 6 and 2.168% on October 14. About 160 institutions reported jumbo money market accounts this week, against about 166 on October 14 and 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 14, by money market category (percentage points)
This report's averages, October 14 to October 22. Green bars rose; red bars fell.
Money market rate changes by category since October 14
| Account Category | October 14 APY | October 22 APY | Change Since October 14 |
|---|---|---|---|
| High-Yield Money Market ▲Online banks & competitive products | 3.078% | 3.095% | ▲ +0.017 |
| Jumbo Money Market ▼High-balance accounts | 2.168% | 1.869% | ▼ -0.299 |
| Credit Union Money Market Share money market accounts | 1.290% | 1.290% | ■ 0.000 |
| Business Money Market ▲Business & commercial accounts | 1.149% | 1.168% | ▲ +0.019 |
| Standard Money Market ▲Broad market | 0.721% | 0.727% | ▲ +0.006 |
| 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 14 to October 22, 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 and the Fed's 3.75% to 4.00% range
The Federal Reserve's target range has been 3.75% to 4.00% since September 16, when it raised the range for the first time since 2023. High-yield money market rates averaged 3.037% that day and average 3.095% on October 22, 36 days later. 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.
Yearly interest on $25,000 at the October 22 money market averages
A $25,000 balance at the 3.095% high-yield money market average earns about $773.75 a year; at the 0.727% standard average it earns about $181.75. Business money market accounts at 1.168% earn about $292.00, and jumbo accounts at 1.869% about $467.25. The savings goal calculator works out the monthly deposit needed to reach a target, 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, New York money market rates lists offers in that state, and category history is on the money market rate history page.
October 22 money market averages in brief
High-yield money market accounts average 3.095%, standard money market accounts 0.727% and jumbo money market accounts 1.869%. 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 22, 2026, the latest collection ran October 21, 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.
