Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average High-Yield Money Market Rates Hold Steady at 3.092% as Business Money Market Rates Fall to 1.146%
High-yield money market rates held steady at 3.092% between October 22 and October 28. Business money market rates fell 0.022 points to 1.146%, and credit union money market rates fell 0.012 points to 1.278%.
Rates on high-yield money market accounts held steady at an average 3.092% between October 22 and October 28, from 3.095%. Business money market rates fell 0.022 points to 1.146%, the largest change of the four categories, and credit union money market rates fell 0.012 points to 1.278%. Standard money market rates held steady at 0.722%.
Key takeaways
- High-yield money market rates held steady at 3.092%, from 3.095% on October 22.
- Business money market rates fell 0.022 points to 1.146%, and credit union money market rates fell 0.012 points to 1.278%.
- Standard money market rates held steady at 0.722%, from 0.727% on October 22.
- On a $25,000 balance, the 3.092% high-yield average pays about $773.00 a year, against $180.50 at the 0.722% standard average.
High-yield money market rates held steady at 3.092%
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, 3.095% on October 22 and 3.092% on October 28. The October 28 average comes from 417 institutions and 970 rates. Standard money market rates held steady at 0.722%, from 0.727%, on 1,116 institutions and 5,691 rates.
Business money market rates fell 0.022 points to 1.146%
Business money market rates averaged 1.149% on October 14, 1.168% on October 22 and 1.146% on October 28, on 288 institutions and 1,417 rates. Credit union money market rates fell 0.012 points to 1.278%, from 1.290% on both October 14 and October 22, on 1,782 institutions and 10,238 rates, the largest reporting pool of the four categories.
Change since October 22, by money market category (percentage points)
This report's averages, October 22 to October 28. Green bars rose; red bars fell.
Money market APYs by account category, October 22 and October 28
| Account Category | October 22 APY | October 28 APY | Change Since October 22 |
|---|---|---|---|
| High-Yield Money Market ▼Bank accounts paying 2.50% APY or more | 3.095% | 3.092% | ▼ -0.003 |
| Credit Union Money Market ▼Share money market accounts | 1.290% | 1.278% | ▼ -0.012 |
| Business Money Market ▼Business accounts at banks | 1.168% | 1.146% | ▼ -0.022 |
| Standard Money Market ▼Bank accounts paying under 2.50% APY | 0.727% | 0.722% | ▼ -0.005 |
| 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 22 to October 28, 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. | |||
The Fed left its range at 3.75% to 4.00% on October 28
The Federal Open Market Committee kept its target range at 3.75% to 4.00% on October 28, its first meeting since the quarter-point increase on September 16. Two of the 12 voting members, Governor Lisa Cook and Cleveland Fed President Beth Hammack, voted for another quarter-point increase. High-yield money market rates averaged 3.037% on September 16 and 3.092% on October 28, 42 days later, a difference of 0.055 points. Money market rates are variable, so a bank can change the rate on an account its customers already hold, with nothing to sign; the timing and size are each bank's choice.
What $25,000 earns in a year at each October 28 money market average
A $25,000 balance at the 3.092% high-yield average earns about $773.00 a year; at the 0.722% standard average it earns about $180.50. Credit union money market accounts at 1.278% earn about $319.50, and business money market accounts at 1.146% about $286.50. The savings calculator projects a balance over time at a chosen rate, and the CD calculator shows what a certificate of deposit earns over a chosen term; 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, Texas money market rates lists offers in that state, and category history is on the money market rate history page.
Where money market averages stand on October 28
High-yield money market accounts average 3.092%, credit union accounts 1.278%, business accounts 1.146% and standard accounts 0.722%. Money market rates are variable, and each bank sets the timing and size of any change.
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 28, 2026, these averages were calculated from 18,316 individual rates verified across the four categories; the latest collection ran October 27, 2026. The table below shows how many institutions reported rates in each category.
| Account Category | Institutions | Rates Verified |
|---|---|---|
| High-Yield Money Market | 417 | 970 |
| Credit Union Money Market | 1,782 | 10,238 |
| Business Money Market | 288 | 1,417 |
| Standard Money Market | 1,116 | 5,691 |
| Total | 18,316 |
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.
