Best Money Market Rates in Coventry, Connecticut - June 2026
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Brian McKay
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Current Coventry, Connecticut and the surrounding area money market deposit account rates include DR BankDR BankA+5.0 ★Texas Ratio: 0.38% Business Money Market at 4.00% APY, Citizens BankCitizens BankA5.0 ★Texas Ratio: 8.28% Citizens Private Client® Money Market at 3.50% APY, Bankwell BankBankwell BankA-5.0 ★Texas Ratio: 15.53% High Yield Business Money Market at 3.50% APY, Patriot Bank N.A.Patriot Bank N.A.F2.4 ★Texas Ratio: 45.79% Founders Money Market at 3.50% APY, and Dime BankDime BankA+5.0 ★Texas Ratio: 1.01% Dime Accelerator Money Market at 3.50% APY. Money market rates as of June 3, 2026 according to verified data from MonitorBankRates.
Coventry is a smaller community with no bank or credit union branches currently in our database. 150 institutions serving the Connecticut area are available to Coventry residents, with money market rates as high as 4.00% APY from DR Bank. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Coventry, Connecticut and surrounding area. Last Updated and Verified: June 3, 2026
Compare the Best Money Market Rates Today in Coventry, Connecticut & the Surrounding Area
Qualifications Required: Maintain a business operating checking account and business money market account; Deposit a minimum of $5,000 in new money to your business checking and/or business money market account; Perform a minimum of five (5) qualifying transactions per month in your business checking account; Offer expires December 31, 2025.
Preferred rates. Standard rates: 0.15% APY.
Preferred rates. Standard rates: 0.03% APY.
Rate is variable and subject to change after the account is open. Rate effective 05/12/2026. For balances up to $99,999.99, the APY is 0.35% and interest rate is 0.35%. The minimum to open a High Yield Money Market account is $100. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees.
Rate is variable and subject to change after the account is open. Rate effective 05/12/2026. For balances up to $99,999.99, the APY is 3.00% and interest rate is 2.96%. The minimum to open a High Yield Money Market account is $100. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees.
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Rate is variable and subject to change after the account is open. Rate effective 05/12/2026. The minimum to open a High Yield Money Market account is $100. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees.
Rate is variable and subject to change after the account is open. Rate effective 12/18/2025. The minimum to open a Smart Money Market account is $100. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees.
APY = Annual Percentage Yield. Rate effective October 1, 2024, and is subject to change at any time. No minimum balance required to open account. Money Market rates paid on a tiered rate schedule. Balances that fall below $2,500 are paid Regular Share rate. Share dividends are compounded and paid monthly. Your Choice Checking requires full Direct Deposit or an $8.99 monthly fee is imposed.
APY = Annual Percentage Yield. Rate effective October 1, 2024 and is subject to change at any time. No minimum balance required to open account. Business Money Market rates paid on a tiered rate schedule. Balances that fall below $2,500 are paid Regular Share rate. Share dividends are compounded and paid monthly. Must be a business member to open account.
Qualifying balance up to $2,000.00
$250,000
APY* is a promotional rate.
Limited Time Offer
$100,000 - $249,999
$50,000
$250,000.00
$75,000+
$20001 - $50000
$75,000+
Up to $99,999
$20,000
APY = Annual Percentage Yield. Rate effective October 1, 2024, and is subject to change at any time. No minimum balance required to open account. Money Market rates paid on a tiered rate schedule. Balances that fall below $2,500 are paid Regular Share rate. Share dividends are compounded and paid monthly. Your Choice Checking requires full Direct Deposit or an $8.99 monthly fee is imposed.
APY = Annual Percentage Yield. Rate effective October 1, 2024 and is subject to change at any time. No minimum balance required to open account. Business Money Market rates paid on a tiered rate schedule. Balances that fall below $2,500 are paid Regular Share rate. Share dividends are compounded and paid monthly. Must be a business member to open account.
Balances equal to or over $100,000
$50,000 - $74,999
$50,000 - $74,999
Minimum avg balance $2,500.00 to earn dividend. Dividends paid & compounded quarterly.
Balances $50,000 to $99,999
$5,000 or $20 Fee1
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.
Coventry, CT Money Market Rate Trends
Compare local Coventry, CT 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.
Connecticut high-yield MMA rates currently average 3.134% APY.
Connecticut standard MMA rates currently average 0.785% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Coventry, Connecticut money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Coventry, Connecticut 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 Coventry, Connecticut. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in CT.
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 Coventry, Connecticut
What is a Money Market Account (MMA)?
Are Money Market accounts in Coventry, Connecticut safe?
How often do MMA rates change in Coventry, Connecticut?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Coventry, Connecticut?
Best Money Market Rates in Coventry, Connecticut
- DR Bank
Business Money Market — 4.00% APY - Citizens Bank
Citizens Private Client® Money Market — 3.50% APY - Bankwell Bank
High Yield Business Money Market — 3.50% APY - Patriot Bank N.A.
Founders Money Market — 3.50% APY - Dime Bank
Dime Accelerator Money Market — 3.50% APY
Coventry, Connecticut Rates & Resources
