National Average Money Market Rate 1.141%;
Jumbo MMA Leads at 1.536%
April 2, 2026
The national average money market account APY stands at 1.141% as of April 2, 2026. Jumbo money market accounts lead at 1.536%, with high-yield MMA close behind at 1.390% and standard money market accounts averaging 1.103%.
NATIONAL — The national average money market account (MMA) APY is 1.141% as of April 2, 2026, based on 14,758 verified rate quotes collected directly from the websites of 2,600 banks and credit unions across all 50 states. This is the inaugural money market rate release from MonitorBankRates.com. Beginning April 6, each release will include week-over-week APY change data across all three money market tiers.
Jumbo money market accounts lead at 1.536% APY today, just 0.146 percentage points ahead of high-yield MMA at 1.390% — while standard MMA trails at 1.103%, a gap of 0.433 points from the high-yield tier.
Breaking down by product tier, jumbo money market accounts — which typically require minimum balances of $10,000 to $100,000 or more — lead the market today at 1.536% APY. High-yield money market accounts average 1.390%, reflecting the competitive online banking landscape where institutions use rate premiums to attract larger deposit balances. Standard money market accounts average 1.103%, just 0.038 points below the overall market average of 1.141%, reflecting the large number of standard MMA products in the database.
Unlike savings accounts, money market accounts typically offer check-writing privileges and debit card access, making them a practical choice for depositors who want competitive yield with some liquidity. The 0.433 percentage point spread between high-yield and standard money market products represents a meaningful earnings advantage for depositors who actively compare rates. Track how these spreads evolve week over week at the national money market rate trends page.
| Product Tier | National Avg APY | Notes |
|---|---|---|
| Money Market Account Tiers — April 2, 2026 | ||
| Jumbo Money MarketHigher minimum balance required · leads all MMA tiers today | 1.536% | Highest tier |
| High-Yield Money MarketOnline banks & competitive institutions · rate-focused products | 1.390% | Rate-competitive tier |
| Standard Money MarketBroad market · traditional banks & credit unions | 1.103% | Broad market baseline |
| All Money Market AccountsAll money market products — basis for headline APY figure | 1.141% | 2,600 institutions · 14,758 money market rate quotes verified |
| All APYs are national averages collected and verified by MonitorBankRates.com from institution websites across all 50 states as of April 2, 2026. Overall universe: 14,758 verified quotes from 2,600 institutions. Tier APYs reflect products categorized as high-yield, jumbo, or standard money market in the MonitorBankRates.com rate database. Week-over-week comparison data will be included beginning with the April 6, 2026 release. Source: MonitorBankRates.com. | ||
Money market account rates are influenced by the federal funds rate, short-term Treasury yields, and competitive dynamics among deposit institutions. With the Federal Reserve maintaining a stable rate environment through early 2026, money market APYs have also stabilized relative to the rapid increases seen in 2022–2023. However, competition among online banks and credit unions for deposit inflows continues to sustain a meaningful premium between high-yield and standard MMA products.
The relatively narrow spread between jumbo MMA (1.536%) and high-yield MMA (1.390%) today suggests that online banks are offering competitive rates even without jumbo deposit requirements — meaning depositors do not necessarily need to commit a large minimum balance to access near-top-of-market yields. Depositors evaluating money market options should compare both the APY and the minimum balance requirements before selecting a product. Compare the best money market rates from banks and credit unions nationwide →
All APYs in this release 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.
For the April 2, 2026, the overall money market universe yielded 14,758 verified APY quotes from 2,600 distinct institutions. The tier-level breakdown reflects products explicitly categorized as high-yield, jumbo, or standard money market in the MonitorBankRates.com rate database.
| Coverage | Institutions | Quotes Verified |
|---|---|---|
| All Money Market Accounts | 2,600 | 14,758 |
Tier APYs (high-yield, jumbo, standard) are derived from products explicitly categorized as such in the MonitorBankRates.com rate database and tracked weekly on the national money market rate trends page. The overall universe figure represents all money market products across all institutions and is the basis for the headline 1.141% average.
MonitorBankRates.com is an independent financial data publisher collecting and verifying deposit, lending, and mortgage rates directly from the public websites of thousands of banks and credit unions across the United States. For media inquiries, custom data requests, or licensing information, visit monitorbankrates.com/contact-us.
MonitorBankRates.com — Press & Research Relations
Web: www.monitorbankrates.com
Rate data: monitorbankrates.com/money-market-rates/trends/
