Miami, Florida Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Miami, Florida and the surrounding area money market deposit account rates include Total Direct BankTotal Direct Bank25 W Flagler St, Miami, FL 33130A5.0 ★Texas Ratio: 7.12%Real return: +1.21%APY minus 2.8% CPI (February 2026) Online Money Market Deposit Account at 4.01% APY, Citizens BankCitizens Bank1441 Brickell Ave, Miami, FL 33131A5.0 ★Texas Ratio: 7.72%Real return: +0.70%APY minus 2.8% CPI (February 2026) Citizens Private Client Money Market at 3.50% APY, Newtek BankNewtek Bank1111 Brickell Ave, Miami, FL 33131F1.0 ★Texas Ratio: 73.57%Real return: +0.70%APY minus 2.8% CPI (February 2026) Business Money Market Account at 3.50% APY, Amerant BankAmerant Bank2590 Biscayne Blvd, Miami, FL 33137B+4.7 ★Texas Ratio: 18.92%Real return: +0.70%APY minus 2.8% CPI (February 2026) Relationship Money Market at 3.50% APY, and BankUnitedBankUnited12905 N Kendall Dr, Miami, FL 33186A5.0 ★Texas Ratio: 12.74%Real return: +0.70%APY minus 2.8% CPI (February 2026) Promotional Money Market Account at 3.50% APY. Money market rates as of September 22, 2026 according to verified data from MonitorBankRates.
Miami has 19 local institutions in our database, with money market rates as high as 4.01% APY from Total Direct Bank at 25 W Flagler St, Miami, FL 33130. Use the table below to compare all available offers, including options from institutions serving the broader Florida area. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Miami, Florida and surrounding area. Last Updated and Verified: September 22, 2026
Compare the Best Money Market Rates Today in Miami, Florida & the Surrounding Area
Balances $2,500 and over; Balances of $2,500 - $249,999.99; Balances of $250,000 or more
Preferred rates; New money required
Preferred rates; New money required
No service charges or monthly fees.
This is a variable rate account; balances from $100 and over receive 3.50% APY. Must open an account by 10/09/2026, to get the promotional rate. Stated offer is valid only for Domestic Personal Account customers.
Guaranteed for 6 months ON ALL BALANCES. For Consumer Accounts Only. After the promotional period, the account will automatically convert to the Bank's standard Money Market account and earn the then-current variable APY in effect for that account. Fees may reduce earnings. Additional terms and conditions apply. This promotional Money Market Account is available to new clients who have never held an account with BankUnited, N.A., or to existing clients who deposit new funds not currently on deposit with us. New funds are funds not currently on deposit with BankUnited and not transferred from another BankUnited account.
$15,000+; Intro rate
Minimum: $2,500 minimum deposit; Monthly dividend payments
Minimum: $2,500 minimum deposit; Balance: $500,000 and Over; Monthly dividend payments
Balance: $250,000+
Minimum: $2,500 minimum deposit; Monthly dividend payments
Minimum: $50,000 - $249,999.99; Balance: $50,000 - $249,999.99
Balance: $250,000 - or more
Balance: $100,000.00 - $249,999.99
Balance: $100,000.00 - $249,999.99
Balance: $200,000 - $249,999.99
Balance: $150,000 - $199,999.99
Balance: $10,000.00 - $99,999.99
Balance: $10,000.00 - $99,999.99
Balance: $100,000.00 - $149,999.99
Balance: $0.01 - $9,999.99
Balance: $0.01 - $9,999.99
Balance: $100,000 & Up
Balance: $10,000-$24,999.99
Balance: $50,000 - $99,999
$15,000+
Balance: $25,000 - $49,999
Balance: $10,000 - $24,999
Balance: >= $250,000
Balance: $50,000.00 - $99,999.99
Balance: $2,500 - $9,999
Balance: $100,000 - $249,999
Balance: $25,000.00 - $49,999.99
Rate Fixed/Variable: Varies; Dividends Compounded Paid: Monthly
Rate Fixed/Variable: Varies; Dividends Compounded Paid: Monthly
Rate Fixed/Variable: Varies; Dividends Compounded Paid: Monthly
Balance: $25,000 - $49,999
Balance: >= $50,000
Minimum: $2,500 minimum deposit; Balance: $25,000 to $94,999; Monthly dividend payments
Balance: $0 - $24,999
Balance: $2,500.00 - $24,999.99
Minimum: $2,500 minimum deposit; Monthly dividend payments
Minimum: $2,500 minimum deposit; Balance: $2,500 to $24,999; Monthly dividend payments
Rate Fixed/Variable: Varies; Dividends Compounded Paid: Monthly
Rate Fixed/Variable: Varies; Dividends Compounded Paid: Monthly
Balance: >= $25,000
Balance: $100,000 - $249,999
Balance: $40,000.00 and up
Balance: $500,000 and above
Rate Fixed/Variable: Varies; Dividends Compounded Paid: Monthly
Balance: $2,000.00 - $39,999.99
Balance: >= $5,000
Balance: $25,000 - $49,999.99
Balance: $250,000-$499,999
Balance: $50,000 - $99,999
Balance: $500,000 +
Balance: >= $1,000
Balance: $100,000-$249,999
Balance: $0 - $24,999
Balance: $250,000 - $499,999.99
Balance: $2,500 - $9,999.99
Balance: $0.00 - $1,999.99
Balance: $1,000 or greater
Balance: $25,000-$99,999
Balance: $0.01-$9,999.99
Balance: $25,000 - $49,999.99
Balance: $0 to $999
$15,000
Balance: $1,000-$24,999
Standard rates; New money required
Balance: $0 - $2,499
Balance: $100 - $4,999.99
Balance: >$750,000
To qualify for the advertised APY, account holder must maintain their primary business checking relationship with Climate First Bank. If the Primary business checking relationship is not maintained, the account will earn 0.60% APY. E-statements are provided at no charge, and paper statements are available for a $10.00 monthly fee.
Balance: $500,000 - $749,999.99
Balance: $1,000,000.00; New money is defined as funds not currently on deposit with RadiFi Credit Union. Please see the Truth-in-Savings Disclosure for complete disclosures of this account.
Balance: $10,000 or more
Balance: $250,000 - $499,999.99
APY = Annual Percentage Yield. Earn up to 4.00% APY on balances under $10,000. APY is variable and may change at any time. No monthly maintenance fee. Dividends are compounded monthly and credited monthly. Dividends are calculated using a blended rate across balance tiers. Fees may reduce earnings. Limit one Momentum Money Market account per member; members with a Momentum MMA may not hold a Traditional Money Market at the same time. Membership required. Federally insured by NCUA.
Balance: $7,500,000+
If balance falls below $49,999.99, the interest rate paid on the entire balance in the account will be 0.05% and the APY will be 0.05%. Rates accurate as of 3-09-26 and subject to change. E-statements are provided at no charge, and paper statements are available for a $5.00 monthly fee. A monthly service charge of $15.00 will be assessed if the daily minimum balance falls below $5,000.00. New Money Only: defined as funds not previously held at Climate First Bank.
Balance: $1,000,000.00+
About Money Market
Balance: $25,000
Balance: $1,000,000 - $9,999,999.99
Balance: $100,000 - $249,999.99
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
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.
Miami, FL Money Market Rate Trends
Compare local Miami, FL 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.
Florida high-yield MMA rates rose 0.008 points over the past 7 days to 3.063% APY.
Florida standard MMA rates fell 0.042 points over the past 7 days to 0.731% APY.
Miami, Florida Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current FL high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current FL high-yield money market average of 3.063% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield money market rates tend to adjust faster than standard branch-based accounts.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Miami, Florida.
Money Market Account Earnings in Miami, Florida
Annual interest earnings at current FL average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.063% APY) | Monthly Earnings | Standard MMA (0.731% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $306.26 / year | $25.52 | $73.07 / year | $6.09 |
| $25,000 | $765.65 / year | $63.80 | $182.68 / year | $15.22 |
| $50,000 | $1,531.30 / year | $127.61 | $365.35 / year | $30.45 |
| $100,000 | $3,062.60 / year | $255.22 | $730.70 / year | $60.89 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Miami, Florida money market rate averages as of September 22, 2026. | ||||
About Our Miami, Florida Money Market Rate Database
MonitorBankRates found 19 institutions with branches in Miami (11 banks, 8 credit unions), plus 29 additional state-chartered and national online institutions available to Miami residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Total Direct Bank offers a money market account at 4.01% APY with a minimum deposit of $25,000. Use the rate table above to compare all current offers in Miami, Florida.
How to Find the Best Money Market Rates in Miami, Florida
What to compare when shopping for a money market account in Miami, Florida
To find the best money market APYs in Miami, Florida, start with credit unions and online-only banks: Miami, Florida has 29 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers. Many money market accounts only pay their advertised top rate above a minimum balance of $1,000–$25,000, with lower rates (or monthly fees) below that threshold. The current FL high-yield money market average is 3.063% but top local institutions are offering as high as 4.01%, so shopping around pays off.
Unlike a CD, money market rates are variable. Your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Miami, Florida high-yield money market rates currently average 3.063% APY, far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Miami, Florida institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 48 institutions in Miami, Florida report money market rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Miami, Florida CD rates
- You don’t need check writing and want a lower minimum → Miami, Florida savings rates
- You need daily transaction access → Miami, Florida checking rates
Miami, Florida Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
15.9% of residents are 65 or older, below the national average of 17.3%. At today’s FL high-yield money market average of 3.063%, saving 10% of the local median salary ($3,807/year) would earn an additional $117 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Miami, Florida Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Miami, Florida.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current FL Avg APY | 3.063% | View Savings Rates | 0.731%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 – $2,500 | $0 – $100 | $25 – $100 | $500 – $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Miami, Florida averages tracked in our database as of September 22, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Miami, Florida Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current Miami, Florida rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Miami, Florida
At FL’s top money market rate of 4.01% from Total Direct Bank, a $10,000 deposit earns $401 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Miami, Florida earner is roughly $9,500. At 3.063% APY in a money market account, saving $790/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountFlorida’s high-yield money market average is 3.063% APY, variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Miami, Florida earner makes $38,075/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.063% APY.
Retirement PlannerA $25,000 money market balance earning 3.063% APY grows to roughly $45,705 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Miami, Florida 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 Miami, Florida 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 Miami, Florida. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in FL.
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 Miami, Florida
What is a Money Market Account (MMA)?
Are Money Market accounts in Miami, Florida safe?
How often do MMA rates change in Miami, Florida?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Miami, Florida?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Miami, Florida for money market accounts?
Best Money Market Rates in Miami, Florida
- Total Direct Bank
Online Money Market Deposit Account: 4.01% APY - Citizens Bank
Citizens Private Client Money Market: 3.50% APY - Newtek Bank
Business Money Market Account: 3.50% APY - Amerant Bank
Relationship Money Market: 3.50% APY - BankUnited
Promotional Money Market Account: 3.50% APY
Miami, Florida Rates & Resources
