Saint Petersburg, Florida Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Saint Petersburg, Florida and the surrounding area money market deposit account rates include Climate First BankClimate First Bank182 37th Ave N, Saint Petersburg, FL 33704A+5.0 ★Texas Ratio: 0.00%Real return: +1.46%APY minus 2.8% CPI (February 2026) Business Money Market Account at 4.26% APY, LMCU Lake Michigan Credit UnionLMCU Lake Michigan Credit Union2180 4th St N, Saint Petersburg, FL 33704A+5.0 ★Texas Ratio: 2.33%Real return: +1.10%APY minus 2.8% CPI (February 2026) Max Money Market at 3.90% APY, Suncoast Credit UnionSuncoast Credit Union2120 34th St S, Saint Petersburg, FL 33711A5.0 ★Texas Ratio: 5.71%Real return: +0.70%APY minus 2.8% CPI (February 2026) Money Market Account at 3.50% APY, Achieva Credit UnionAchieva Credit Union3629 11th Ave N, Saint Petersburg, FL 33713A+5.0 ★Texas Ratio: 1.78%Real return: +0.01%APY minus 2.8% CPI (February 2026) Indexed Money Market Account at 2.81% APY, and SUMA Federal Credit UnionSUMA Federal Credit Union8950 9th St N Ste 130, Saint Petersburg, FL 33702 3000A5.0 ★Texas Ratio: 11.57%Real return: -0.37%APY minus 2.8% CPI (February 2026) Money Market at 2.43% APY. Money market rates as of August 31, 2026 according to verified data from MonitorBankRates.
Saint Petersburg has 11 local institutions in our database, with money market rates as high as 4.26% APY from Climate First Bank at 182 37th Ave N, Saint Petersburg, FL 33704. Use the table below to compare all available offers, including options from institutions serving the broader Florida area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Saint Petersburg, Florida and surrounding area. Last Updated and Verified: August 31, 2026
Compare the Best Money Market Rates Today in Saint Petersburg, Florida & the Surrounding Area
Relationship matters at Climate First Bank. To qualify for the advertised APY, account holder must maintain their primary business checking relationship with Climate First Bank. Primary means the account is used for normal business operations, including receiving customer payments and paying payroll, vendors, and other operating expenses. 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.
If the daily balance is more than $49,999.99, but less than $9,999,999.01, the interest rate paid on the entire balance in the account will be 3.88% with an annual percentage yield (APY) of 3.96%. 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.
The 3.50% APY applies to a minimum deposit of $500,000.00 and greater.
Qualifications Required: Active High Yield Checking account; $2,000 monthly deposit minimum in the High Yield Checking and/or High Yield Savings.; APY up to 3.00% on balances up to $24,999.99. If your account balance is greater than $25,000, your earnings will be 3.00% on the $24,999.99 and then you will earn 0.50% on the balance over $25,000.
Money Market - $250,000 & Up
Money Market - $100,000 - $249,999
Money Market Up to $99,999
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
A tiered rate account with unlimited deposits and limited withdrawals.
$25,000.00 - $249,999.99
Balances $2,500 and over
up to
Preferred rates
Preferred rates
Preferred Rates require $25,000 not currently on deposit with Citizens.
Money Market Account, Higher Reward
Balances from $100 and over receive 3.50% APY. Must open an account by 09/09/2026, to get the promotional rate.
Guaranteed for 6 months ON ALL BALANCES. After the promotional period, the account will automatically convert to the Bank's standard Money Market account and earn the then-current variable APY, which may change at any time at the Bank's discretion. Available to new clients or existing clients who deposit new funds not currently on deposit with BankUnited and not transferred from another BankUnited account.
Balance: $100,000 - $249,999.99
With Huntington Perks Checking**
With Huntington Platinum Perks Checking***
With Private Client Account****
Non-Relationship Rate
Balance: $50,000 - $249,999.99
Earn premium rates while maintaining easy access to your money.
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.
Saint Petersburg, FL Money Market Rate Trends
Compare local Saint Petersburg, 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 fell 0.477 points over the past 7 days to 3.036% APY.
Florida standard MMA rates rose 0.219 points over the past 7 days to 0.746% APY.
Saint Petersburg, 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 3.036% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; money market institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online money market rates tend to adjust faster than standard branch-based MMA rates, and jumbo-tier rates often adjust first.
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 Saint Petersburg, Florida.
Money Market Account Earnings in Saint Petersburg, 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 (3.036% APY) | Monthly Earnings | Standard MMA (0.746% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $303.64 / year | $25.30 | $74.55 / year | $6.21 |
| $25,000 | $759.10 / year | $63.26 | $186.38 / year | $15.53 |
| $50,000 | $1,518.20 / year | $126.52 | $372.75 / year | $31.06 |
| $100,000 | $3,036.40 / year | $253.03 | $745.50 / year | $62.13 |
| 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: Saint Petersburg, Florida money market rate averages as of September 2, 2026. | ||||
About Our Saint Petersburg, Florida Money Market Rate Database
MonitorBankRates found 11 institutions with branches in Saint Petersburg (5 banks, 6 credit unions), plus 27 additional state-chartered and national online institutions available to Saint Petersburg 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: Climate First Bank offers a money market account at 4.26% APY with a minimum deposit of $50. Use the rate table above to compare all current offers in Saint Petersburg, Florida.
How to Find the Best Money Market Rates in Saint Petersburg, Florida
What to compare when shopping for a money market account in Saint Petersburg, Florida
To find the best money market APYs in Saint Petersburg, Florida, start with credit unions and online-only banks — Saint Petersburg, Florida has 20 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 3.036% — but top local institutions are offering as high as 4.26%, 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. Saint Petersburg, Florida high-yield money market rates currently average 3.036% 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 Saint Petersburg, Florida institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 38 institutions in Saint Petersburg, Florida report money market rates to our database.
- You’re among Saint Petersburg, Florida’s 21.3% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- 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 → Saint Petersburg, Florida CD rates
- You don’t need check writing and want a lower minimum → Saint Petersburg, Florida savings rates
- You need daily transaction access → Saint Petersburg, Florida checking rates
Florida Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau (state-level data shown — city data not available)
21.3% of residents are 65 or older — above the national average of 17.3% — making liquid, accessible money market accounts a particularly relevant option in this market. At today’s FL high-yield money market average of 3.036%, saving 10% of the local median salary ($4,189/year) would earn an additional $127 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Saint Petersburg, Florida Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Saint Petersburg, Florida.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current FL Avg APY | 3.036% | View Savings Rates | 0.746%(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 | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Saint Petersburg, Florida averages tracked in our database as of September 2, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Saint Petersburg, 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 Saint Petersburg, 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 Saint Petersburg, Florida
At FL’s top money market rate of 4.26% from Climate First Bank, a $10,000 deposit earns $426 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Saint Petersburg, Florida earner is roughly $10,500. At 3.036% APY in a money market account, saving $870/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 3.036% 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 Saint Petersburg, Florida earner makes $41,891/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 3.036% APY.
Retirement PlannerA $25,000 money market balance earning 3.036% APY grows to roughly $45,473 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 Saint Petersburg, 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 Saint Petersburg, 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 Saint Petersburg, 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 Saint Petersburg, Florida
What is a Money Market Account (MMA)?
Are Money Market accounts in Saint Petersburg, Florida safe?
How often do MMA rates change in Saint Petersburg, Florida?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Saint Petersburg, 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 Saint Petersburg, Florida for money market accounts?
Best Money Market Rates in Saint Petersburg, Florida
- Climate First Bank
Business Money Market Account — 4.26% APY - LMCU Lake Michigan Credit Union
Max Money Market — 3.90% APY - Suncoast Credit Union
Money Market Account — 3.50% APY - Achieva Credit Union
Indexed Money Market Account — 2.81% APY - SUMA Federal Credit Union
Money Market — 2.43% APY
Saint Petersburg, Florida Rates & Resources
