Tampa, Florida Money Market Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Tampa, Florida money market account rates range from 0.05% to 3.90% APY, verified by MonitorBankRates as of October 14, 2026. Current Tampa, Florida and the surrounding area money market deposit account rates include LMCU Lake Michigan Credit UnionLMCU Lake Michigan Credit Union17635 Bruce B Downs Blvd, Tampa, FL 33647A+5.0 ★Texas Ratio: 2.31%Real return: +1.10%APY minus 2.8% CPI (February 2026) Business Max Money Market at 3.90% APY, Together Credit UnionTogether Credit Union3209 E Busch Blvd, Tampa, FL 33612 8737A+5.0 ★Texas Ratio: 4.25%Real return: +0.95%APY minus 2.8% CPI (February 2026) Select Money Market at 3.75% APY, Midflorida Credit UnionMidflorida Credit Union3202 W Waters Ave, Tampa, FL 33614A+5.0 ★Texas Ratio: 3.18%Real return: +0.95%APY minus 2.8% CPI (February 2026) Business Money Market at 3.75% APY, Dfcu Financial Credit UnionDfcu Financial Credit Union10824 N Dale Mabry Hwy, Tampa, FL 33618A+5.0 ★Texas Ratio: 1.86%Real return: +0.90%APY minus 2.8% CPI (February 2026) Premier Money Market at 3.70% APY, and Suncoast Credit UnionSuncoast Credit Union6536 E Hillsborough Ave, Tampa, FL 33610A5.0 ★Texas Ratio: 6.26%Real return: +0.70%APY minus 2.8% CPI (February 2026) Money Market Account at 3.50% APY. Money market rates as of October 14, 2026 according to verified data from MonitorBankRates.
Tampa has 18 local institutions in our database, with money market rates as high as 3.90% APY from LMCU Lake Michigan Credit Union at 17635 Bruce B Downs Blvd, Tampa, FL 33647. 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 Tampa, Florida and surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Money Market Rates Today in Tampa, Florida & the Surrounding Area
Balance: $1,000,000 +
Balance: $1,000,000 and over; Rates as of 10/13/26 and subject to change; Tiered interest accrued daily and paid monthly
Balance: $100,000 & above; New money only; Minimum opening new money deposit is $100,000
- Oct 9, 20263.75%▲ from 1.51%
- Oct 5, 20261.51%first recorded
Balance: $1,000,000.01 & over; Fees may reduce earnings. Rate may change after the account is opened.
- Oct 10, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Balance: $1,000,000 and up
Balance: $100,000 and over; New money only; Minimum opening new money deposit is $100,000; Money Market Account interest is compounded daily and paid monthly
- Oct 13, 20263.50%▼ from 3.75%
- Oct 9, 20263.75%▲ from 1.51%
- Oct 5, 20261.51%first recorded
Balance: $100,000.01 to $250,000.00; Fees may reduce earnings. Rate may change after the account is opened.
- Oct 10, 20263.50%▲ from 3.05%
- Sep 14, 20263.05%first recorded
Rate Type: Variable
Balance: $500,000 to $999,999
Balance: $10,000.01 to $100,000.00; Fees may reduce earnings. Rate may change after the account is opened.
- Oct 10, 20263.25%▲ from 2.75%
- Sep 14, 20262.75%first recorded
Balance: $250,000 to $499,999
Balance: $250,000 - $999,999.99
Balance: $250,000 - $999,999.99; Rates as of 10/13/26 and subject to change; Tiered interest accrued daily and paid monthly
Balance: $200,000 and Higher
Balance: $500,000 and up
Balance: $0.01 to $10,000.00; Fees may reduce earnings. Rate may change after the account is opened.
- Oct 10, 20263.00%▲ from 2.50%
- Sep 14, 20262.50%first recorded
Rate Type: Variable; Higher APY on Balances Up to $24,999; $2,000 minimum monthly aggregated deposits in high yield checking or savings required to qualify for the higher rate
Rate Type: Variable
Balance: $100,000 - $249,999.99
Balance: $100,000 - $249,999.99; Rates as of 10/13/26 and subject to change; Tiered interest accrued daily and paid monthly
Balance: $100,000 to $249,999
Balance: $250,000 and over
Balance: $250,000 to $499,999
Balance: $100,000 - $199,999
Balance: $100,000 - $249,999.99
Balance: $1,000,000 and over
- Oct 9, 20262.55%▲ from 1.55%
- Sep 18, 20261.55%first recorded
Balance: $1,000,000 and over
Balance: $500,000 - $999,999.99
- Oct 9, 20262.50%▲ from 1.50%
- Sep 18, 20261.50%first recorded
Balance: $500,000 - $999,999.99
Balance: $100,000 to $249,999
Rate Type: Variable
Balance: $250,000 - $499,999.99
- Oct 9, 20262.45%▲ from 1.45%
- Sep 18, 20261.45%first recorded
Balance: $250,000 - $499,999.99
Balance: $1,000,000 and over
Balance: $150,000 - $249,999.99
- Oct 9, 20262.40%▲ from 1.40%
- Sep 18, 20261.40%first recorded
Balance: $150,000 - $249,999.99
Balance: $50,000 - $149,999.99
- Oct 9, 20262.35%▲ from 1.35%
- Sep 18, 20261.35%first recorded
Balance: $50,000 - $149,999.99
Balance: $2,000 - $49,999.99
- Oct 9, 20262.30%▲ from 1.30%
- Sep 18, 20261.30%first recorded
Balance: $2,000 - $49,999.99
Retirement Savings Account; Minimum Balance to Earn APY: $50,000; Compounded monthly
Retirement Savings Account; Minimum Balance to Earn APY: $25,000; Compounded monthly
Balance: $500,000 and more; Tiered account; Variable Rate Account; Fees could reduce earnings
Balance: $250,000 +
Other Accounts; Balance: $100,000 +; Minimum Balance = Average Daily Minimum Balance
Balance: $50,000 to $99,999
Balance: $25,000 - $49,999.99
Balance: $25,000 - $49,999.99; Rates as of 10/13/26 and subject to change; Tiered interest accrued daily and paid monthly
Retirement Savings Account; Minimum Balance to Earn APY: $10,000; Compounded monthly
Balance: $250,000 to $499,999.99; Tiered account; Variable Rate Account; Fees could reduce earnings
Balance: $50,000 - $99,999.99
Balance: $10,000 - $99,999.99
Balance: $500,000 - $999,999.99
Balance: $1,000,000 +; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $100,000 - $999,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $50,000 - $99,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $500,000 and over; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $100,000 - $499,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $500,000.00 to $999,999.99
Balance: $0 - $99,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $250,000.00 to $499,999.99
Balance: $0 to $24,999.99
Balance: $0 - $49,999.99; A tiered rate account with unlimited deposits and limited withdrawals.
Balance: $10,000-$49,999.99
- Sep 27, 20260.20%▲ from 0.10%
- Sep 14, 20260.10%first recorded
Balance: Less than $10,000
Balances Through $24,999.99; An interest-bearing savings account with a minimum balance required to avoid a monthly fee.
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.
Tampa, FL Money Market Rate Trends
Compare local Tampa, 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 0.006 points over the past 7 days to 3.405% APY.
Florida standard MMA rates fell 0.035 points over the past 7 days to 0.600% APY.
Tampa, 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 to 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 3.405% 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 to 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 Tampa, Florida.
Money Market Account Earnings in Tampa, 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 (3.405% APY) | Monthly Earnings | Standard MMA (0.600% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $340.49 / year | $28.37 | $60.01 / year | $5.00 |
| $25,000 | $851.23 / year | $70.94 | $150.02 / year | $12.50 |
| $50,000 | $1,702.45 / year | $141.87 | $300.05 / year | $25.00 |
| $100,000 | $3,404.90 / year | $283.74 | $600.10 / year | $50.01 |
| 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: Tampa, Florida money market rate averages as of October 14, 2026. | ||||
About Our Tampa, Florida Money Market Rate Database
MonitorBankRates found 18 institutions with branches in Tampa (4 banks, 14 credit unions). 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 to 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: LMCU Lake Michigan Credit Union offers a money market account at 3.90% APY. Use the rate table above to compare all current offers in Tampa, Florida.
How to Find the Best Money Market Rates in Tampa, Florida
What to compare when shopping for a money market account in Tampa, Florida
To find the best money market APYs in Tampa, Florida, start with credit unions and online-only banks: Tampa, Florida has 14 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 to $25,000, with lower rates (or monthly fees) below that threshold. The current FL high-yield money market average is 3.405% but top local institutions are offering as high as 3.90%, 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. Tampa, Florida high-yield money market rates currently average 3.405% 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 Tampa, Florida institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 18 institutions in Tampa, 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 Tampa, Florida CD rates
- You don’t need check writing and want a lower minimum Tampa, Florida savings rates
- You need daily transaction access Tampa, Florida checking rates
Tampa, Florida Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
13.7% of residents are 65 or older, below the national average of 17.3%. At today’s FL high-yield money market average of 3.405%, saving 10% of the local median salary ($4,548/year) would earn an additional $155 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Tampa, Florida Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Tampa, Florida.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current FL Avg APY | 3.405% | View Savings Rates | 0.600%(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 to $2,500 | $0 to $100 | $25 to $100 | $500 to $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 Tampa, Florida averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Tampa, 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 Tampa, 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 Tampa, Florida
At FL’s top money market rate of 3.90% from LMCU Lake Michigan Credit Union, a $10,000 deposit earns $390 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Tampa, Florida earner is roughly $11,400. At 3.405% APY in a money market account, saving $950/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 3.405% 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 Tampa, Florida earner makes $45,480/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.405% APY.
Retirement PlannerA $25,000 money market balance earning 3.405% APY grows to roughly $48,839 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 Tampa, 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 Tampa, 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 Tampa, 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 Tampa, Florida
What is a Money Market Account (MMA)?
Are Money Market accounts in Tampa, Florida safe?
How often do MMA rates change in Tampa, Florida?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Tampa, 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 Tampa, Florida for money market accounts?
Best Money Market Rates in Tampa, Florida
- LMCU Lake Michigan Credit Union
Business Max Money Market: 3.90% APY - Together Credit Union
Select Money Market: 3.75% APY - Midflorida Credit Union
Business Money Market: 3.75% APY - Dfcu Financial Credit Union
Premier Money Market: 3.70% APY - Suncoast Credit Union
Money Market Account: 3.50% APY
Tampa, Florida Rates & Resources
