Best Money Market Rates in Phoenix, Arizona (AZ) - May 2026
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Brian McKay
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Brian McKay
Brian McKay
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The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
Current Phoenix, Arizona and the surrounding area money market deposit account rates include Pima Federal Credit UnionPima Federal Credit Union645 E Missouri Ave, Phoenix, AZ 85012A+5.0 ★Texas Ratio: 2.69% Business Money Market at 4.00% APY, Mountain America Federal Credit UnionMountain America Federal Credit Union10810 N Tatum Blvd Ste 114, Phoenix, AZ 85028A5.0 ★Texas Ratio: 11.38% Money market at 3.55% APY, Sunflower BankSunflower Bank5090 N 40th St, Phoenix, AZ 85018A+5.0 ★Texas Ratio: 5.67% Thrive Money Market at 3.45% APY, Mayo Employees Federal Credit UnionMayo Employees Federal Credit Union5777 E Mayo Blvd, Phoenix, AZ 85054A+5.0 ★Texas Ratio: 0.10% Premium Money Market Savings at 3.40% APY, and Vantage West Credit UnionVantage West Credit Union10440 N 32nd St, Phoenix, AZ 85028A5.0 ★Texas Ratio: 6.58% High Yield Money Markets at 3.26% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Phoenix has 18 local institutions in our database, with money market rates as high as 4.00% APY from Pima Federal Credit Union at 645 E Missouri Ave, Phoenix, AZ 85012. Use the table below to compare all available offers, including options from institutions serving the broader Arizona area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Phoenix, Arizona and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Phoenix, Arizona & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Money Market Accounts
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Business Money Market
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Money Market Savings Account
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Non-Profit Money Market
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Mountain America Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.38%
10810 N Tatum Blvd Ste 114, Phoenix, AZ 85028
Money market
3.55%
$0
▼
Rate3.49%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Sunflower Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.67%
5090 N 40th St, Phoenix, AZ 85018
Thrive Money Market
3.45%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
$24,999.01 & Above
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Premium Money Market Savings
3.40%
$1,000,000
▼
Rate3.36%
Min Deposit$1,000,000
Min Balance—
UpdatedMay 10, 2026
Details
Vantage West Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.58%
10440 N 32nd St, Phoenix, AZ 85028
High Yield Money Markets
3.26%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Sierra Pacific Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.56%
1600 E Northern Ave, Phoenix, AZ 85020 3933
Money Market
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
as high as; Rates increase as balance increases
Desert Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.59%
2501 W Happy Valley Rd Ste 34, Phoenix, AZ 85085 3712
Jumbo Money Market
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Vantage West Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.58%
10440 N 32nd St, Phoenix, AZ 85028
High Yield Money Market
3.25%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Mountain America Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.38%
10810 N Tatum Blvd Ste 114, Phoenix, AZ 85028
Money market
3.20%
$0
▼
Rate3.15%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Sunflower Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.67%
5090 N 40th St, Phoenix, AZ 85018
Thrive Money Market
3.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
$24,999.00 & Below
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Premium Money Market Savings
3.05%
$750,000
▼
Rate3.02%
Min Deposit$750,000
Min Balance—
UpdatedMay 10, 2026
Details
Vantage West Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.58%
10440 N 32nd St, Phoenix, AZ 85028
High Yield Money Markets
3.01%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
2710 E Camelback Rd, Phoenix, AZ 85016
Elite Money Market Savings*
3.01%
$0
▼
Rate2.97%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
2710 E Camelback Rd, Phoenix, AZ 85016
Elite Money Market Savings
3.01%
$50
▼
Rate—
Min Deposit$50
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $25,000.00
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Money Market Savings Account
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Sharefax Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.21%
615 N 48th St, Phoenix, AZ 85008 6608
Money Market
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Minimum $250,000
Vantage West Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.58%
10440 N 32nd St, Phoenix, AZ 85028
High Yield Money Market
3.00%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Money Market Accounts
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Business Money Market
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Non-Profit Money Market
3.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Goldwater Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.19%
2525 E Camelback Rd, Phoenix, AZ 85016
GB BIZ MONEY MARKET BUSINESS*
3.00%
$1,000
▼
Rate2.96%
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
Goldwater Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.19%
2525 E Camelback Rd, Phoenix, AZ 85016
GB MONEY MARKET PERSONAL*
3.00%
$1,000
▼
Rate2.96%
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market Account2
2.95%
$0
▼
Rate2.91%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market
2.95%
$0
▼
Rate2.91%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market
2.90%
$0
▼
Rate2.86%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market Account2
2.90%
$0
▼
Rate2.86%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Premium Money Market Savings
2.90%
$500,000
▼
Rate2.87%
Min Deposit$500,000
Min Balance—
UpdatedMay 10, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market Account2
2.80%
$0
▼
Rate2.76%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market
2.80%
$0
▼
Rate2.76%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Vantage West Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 6.58%
10440 N 32nd St, Phoenix, AZ 85028
High Yield Money Market
2.75%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Desert Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.59%
2501 W Happy Valley Rd Ste 34, Phoenix, AZ 85085 3712
Money Market
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Sharefax Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.21%
615 N 48th St, Phoenix, AZ 85008 6608
Money Market
2.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Minimum $100,000
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Premium Money Market Savings
2.65%
$250,000
▼
Rate2.62%
Min Deposit$250,000
Min Balance—
UpdatedMay 10, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market Account2
2.65%
$0
▼
Rate2.62%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Jumbo Money Market
2.65%
$0
▼
Rate2.62%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Sharefax Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.21%
615 N 48th St, Phoenix, AZ 85008 6608
Money Market
2.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Minimum $50,000
SunWest Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.72%
302 E McDowell Rd Ste 100, Phoenix, AZ 85004 1541
Money Market
2.43%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
As High As
Mountain America Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.38%
10810 N Tatum Blvd Ste 114, Phoenix, AZ 85028
Money market
2.40%
$0
▼
Rate2.37%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Money Market Plus Account1
2.30%
$0
▼
Rate2.28%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Money Market Plus
2.30%
$0
▼
Rate2.28%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Money Market Savings
2.30%
$0
▼
Rate2.28%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Premium Money Market Savings
2.30%
$100,000
▼
Rate2.28%
Min Deposit$100,000
Min Balance—
UpdatedMay 10, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Money Market
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Desert Financial Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.59%
2501 W Happy Valley Rd Ste 34, Phoenix, AZ 85085 3712
Money Market
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Non-Profit Money Market
2.10%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Premium Money Market Savings
2.00%
$50,000
▼
Rate1.99%
Min Deposit$50,000
Min Balance—
UpdatedMay 10, 2026
Details
Sharefax Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.21%
615 N 48th St, Phoenix, AZ 85008 6608
Money Market
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Minimum $25,000
TruWest Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.06%
5136 E Roosevelt St, Phoenix, AZ 85008 7322
Money Market
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
When rewards checking requirements are met
Mayo Employees Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.10%
5777 E Mayo Blvd, Phoenix, AZ 85054
Money Market Savings
2.00%
$0
▼
Rate1.99%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Business Money Market
1.95%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Credit Union West Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.00%
2303 N 44th St Ste 1, Phoenix, AZ 85008 2442
Money Market
1.90%
$0
▼
Rate1.88%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Mountain America Federal Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 11.38%
10810 N Tatum Blvd Ste 114, Phoenix, AZ 85028
Money market
1.90%
$0
▼
Rate1.88%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Pima Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.69%
645 E Missouri Ave, Phoenix, AZ 85012
Non-Profit Money Market
1.90%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
2710 E Camelback Rd, Phoenix, AZ 85016
Premier Money Market Savings*
1.36%
$0
▼
Rate1.35%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $999,999.99
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
2710 E Camelback Rd, Phoenix, AZ 85016
Premier Money Market Savings*
1.26%
$0
▼
Rate1.25%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $499,999.99
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
2710 E Camelback Rd, Phoenix, AZ 85016
Premier Money Market Savings*
1.16%
$0
▼
Rate1.15%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $99,999.99
Goldwater Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.19%
2525 E Camelback Rd, Phoenix, AZ 85016
MONEY MARKET PLUS PERSONAL & BUSINESS*
1.10%
$1,000
▼
Rate1.09%
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
Bell Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.41%
2710 E Camelback Rd, Phoenix, AZ 85016
Money Market Savings
1.06%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Goldwater Bank
Institution Rating:
A5.0 ★ Texas Ratio: 11.19%
2525 E Camelback Rd, Phoenix, AZ 85016
MONEY MARKET PLUS PERSONAL & BUSINESS*
1.00%
$1,000
▼
Rate1.00%
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
Qualifying balance up to $99,999.99
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
introductory rate
First Internet Bank of Indiana
Institution Rating:
A+5.0 ★ Texas Ratio: 1.39%
Money Market Savings
3.64%
$100
▼
Rate3.58%
Min Deposit$100
Min Balance—
UpdatedMay 4, 2026
Details
Gainey Business Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Money Market Savings
3.31%
$0
▼
Rate3.26%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
First Internet Bank of Indiana
Institution Rating:
A+5.0 ★ Texas Ratio: 1.39%
Money Market Savings
3.09%
$100
▼
Rate3.05%
Min Deposit$100
Min Balance—
UpdatedMay 4, 2026
Details
Qualifying balance up to $1,000,000.00
First Internet Bank of Indiana
Institution Rating:
A+5.0 ★ Texas Ratio: 1.39%
Money Market Savings Rate
3.09%
$100
▼
Rate—
Min Deposit$100
Min Balance—
UpdatedMay 4, 2026
Details
Earn 5x the national average**
Armed Forces Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.63%
Premier Money Market
3.05%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Gainey Business Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Money Market Savings
2.82%
$0
▼
Rate2.78%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Rate—
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
No term limitations; Deposit or withdraw cash as needed; Free checks & ATM access
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Rate2.62%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Gainey Business Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Money Market Savings
2.08%
$0
▼
Rate2.06%
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Rate2.39%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. Rates reflect recent market quotes and representative offers available to depositors in Phoenix, Arizona and the surrounding area.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Phoenix, AZ Money Market Rate Trends
Compare local Phoenix, AZ money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield MMA — AZ Avg
3.177%
Unchanged vs 7 days ago
Arizona high-yield MMA rates currently average 3.177% APY.
Standard MMA — AZ Avg
0.942%
Unchanged vs 7 days ago
Arizona standard MMA rates currently average 0.942% APY.
As of May 14, 2026 • Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Phoenix, Arizona directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Phoenix, Arizona. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in AZ.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Phoenix, Arizona
What is a Money Market Account (MMA)?
A Money Market Account (MMA), formally known as a money market deposit account (MMDA), is a type of deposit account that often pays higher interest rates than standard savings accounts. They usually come with check-writing privileges and debit card access, offering a balance of growth and liquidity for savers in Arizona.
Are Money Market accounts in Phoenix, Arizona safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Arizona up to $250,000 per depositor, per institution.
How often do MMA rates change in Phoenix, Arizona?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Arizona rate tables daily to ensure you see the most current high-yield options.
Can I write checks from a Money Market Account?
Yes, most Money Market Accounts allow you to write a limited number of checks or make debit card transactions each month (typically up to 6), making them more flexible than a standard savings account.
How much do I need to deposit to open a money market account in Phoenix, Arizona?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Phoenix, Arizona require an initial deposit of $1,000 to $2,500 to earn the highest advertised APY. Larger deposits often unlock higher rate tiers, and FDIC or NCUA insurance protects deposits up to $250,000 per depositor, per institution.
Best Money Market Rates in Phoenix, Arizona
Here are some of the highest money market account APYs currently available in Phoenix, Arizona and the surrounding area:
- Pima Federal Credit Union
Business Money Market — 4.00% APY - Mountain America Federal Credit Union
Money market — 3.55% APY - Sunflower Bank
Thrive Money Market — 3.45% APY - Mayo Employees Federal Credit Union
Premium Money Market Savings — 3.40% APY - Vantage West Credit Union
High Yield Money Markets — 3.26% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Phoenix, Arizona. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 12, 2026
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