Best Money Market Rates in Carmel, Indiana (IN) - May 2026
Content reviewed by
Brian McKay
i
Editorial Disclosure
Brian McKay
Brian McKay
Founder & Data ArchitectExpertise
- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
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 Carmel, Indiana and the surrounding area money market deposit account rates include The Huntington National BankThe Huntington National Bank14921 Thatcher Ln, Carmel, IN 46032A+5.0 ★Texas Ratio: 4.60% High-Yield Money Market at 3.82% APY, Horizon Bank Michigan City, INHorizon Bank Michigan City, IN1216 W Carmel Dr, Carmel, IN 46032A+5.0 ★Texas Ratio: 2.79% Business Money Market Savings at 3.65% APY, First Merchants BankFirst Merchants Bank1 E Carmel Dr, Carmel, IN 46032A+5.0 ★Texas Ratio: 2.78% Money Market Special at 3.55% APY, Centra Credit UnionCentra Credit Union11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559A5.0 ★Texas Ratio: 7.15% Business & Public Funds Premium Money Market Savings at 3.05% APY, and Christian Family Credit UnionChristian Family Credit Union301 Pennsylvania Pkwy Ste 300, Carmel, IN 46280 1396A+5.0 ★Texas Ratio: 0.20% Money Market at 3.03% APY. Money market rates as of May 12, 2026 according to verified data from MonitorBankRates.
Carmel has 6 local institutions in our database, with money market rates as high as 3.82% APY from The Huntington National Bank at 14921 Thatcher Ln, Carmel, IN 46032. Use the table below to compare all available offers, including options from institutions serving the broader Indiana area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Carmel, Indiana and surrounding area. Last Updated and Verified: May 12, 2026
Compare the Best Money Market Rates Today in Carmel, Indiana & the Surrounding Area
Source: Verified Money Market Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
14921 Thatcher Ln, Carmel, IN 46032
Huntington Relationship Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
14921 Thatcher Ln, Carmel, IN 46032
High-Yield Money Market
3.82%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
Horizon Bank Michigan City, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 2.79%
1216 W Carmel Dr, Carmel, IN 46032
Business Money Market Savings
3.65%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
First Merchants Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.78%
1 E Carmel Dr, Carmel, IN 46032
Money Market Special
3.55%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Promo Rate
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
14921 Thatcher Ln, Carmel, IN 46032
High-Yield Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Minimum of **$25,000** not currently deposited at Huntington.
The Huntington National Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 4.60%
14921 Thatcher Ln, Carmel, IN 46032
Huntington Relationship Money Market
3.20%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Business & Public Funds Premium Money Market Savings
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
High Interest Money Market Savings
3.05%
$0
▼
Rate3.01%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Christian Family Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.20%
301 Pennsylvania Pkwy Ste 300, Carmel, IN 46280 1396
Money Market
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$25,000 & Over
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Business & Public Funds Premium Money Market Savings
2.90%
$0
▼
Rate2.86%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
High Interest Money Market Savings
2.90%
$0
▼
Rate2.86%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
140 E Carmel Dr, Carmel, IN 46032
Money Market Preferred
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
140 E Carmel Dr, Carmel, IN 46032
Money Market Preferred
2.65%
$0
▼
Rate2.62%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Christian Family Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.20%
301 Pennsylvania Pkwy Ste 300, Carmel, IN 46280 1396
Money Market
2.02%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$5,000-$24,999
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
High Interest Money Market Savings
1.80%
$0
▼
Rate1.79%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Business & Public Funds Premium Money Market Savings
1.80%
$0
▼
Rate1.79%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
High Interest Money Market Savings
1.30%
$0
▼
Rate1.29%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
High Interest Money Market Savings
1.15%
$0
▼
Rate1.14%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Business & Public Funds Premium Money Market Savings
1.15%
$0
▼
Rate1.14%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
High Interest Money Market Savings
1.10%
$0
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Business & Public Funds Premium Money Market Savings
1.10%
$0
▼
Rate1.09%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
High Interest Money Market Savings
1.05%
$0
▼
Rate1.05%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Christian Family Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.20%
301 Pennsylvania Pkwy Ste 300, Carmel, IN 46280 1396
Money Market
1.00%
$0
▼
Rate1.00%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$2,000-$4,999
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Money Market & Classic Plus Savings
0.85%
$0
▼
Rate0.85%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Money Market & Classic Plus Savings
0.65%
$0
▼
Rate0.65%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
HSA Money Market Savings
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Money Market & Classic Plus Savings
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
HSA Money Market Savings
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Premium Money Market Checking
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Money Market & Classic Plus Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Premium Money Market Checking
0.20%
$0
▼
Rate0.20%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Money Market & Classic Plus Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Premium Money Market Checking
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
HSA Money Market Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Money Market & Classic Plus Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Centra Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.15%
11711 Pennsylvania St Ste 101, Carmel, IN 46032 4559
Premium Money Market Checking
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
140 E Carmel Dr, Carmel, IN 46032
Money Market
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Christian Family Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 0.20%
301 Pennsylvania Pkwy Ste 300, Carmel, IN 46280 1396
Money Market
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Below $2,000 minimum
STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
140 E Carmel Dr, Carmel, IN 46032
Money Market
0.03%
$0
▼
Rate0.03%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
140 E Carmel Dr, Carmel, IN 46032
Money Market Preferred
0.02%
$0
▼
Rate0.02%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
STAR Financial Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.20%
140 E Carmel Dr, Carmel, IN 46032
Money Market
0.01%
$0
▼
Rate0.01%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Hoosier Hills Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.40%
High Yield Money Market
4.05%
$0
▼
Rate3.98%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
Business LINked Money Market Share Account (Business LINked MMSA)
4.03%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
LINked Money Market Share Account (LINked MMSA)
4.03%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
United Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.35%
Money Market Special
4.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
for the first six months.
Hoosier Hills Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.40%
High Yield Money Market
3.85%
$0
▼
Rate3.78%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
Business LINked Money Market Share Account (Business LINked MMSA)
3.80%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
LINked Money Market Share Account (LINked MMSA)
3.80%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Everence Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Indexed money market
3.75%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Tier 1
State Bank of Medora
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
Max Money Market
3.65%
$1,000
▼
Rate3.59%
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
MIDWEST AMERICA
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Business Gold Money Market
3.65%
$0
▼
Rate3.59%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
United Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 3.35%
Elevate Money Market
3.65%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
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
Hoosier Hills Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.40%
High Yield Money Market
3.55%
$0
▼
Rate3.49%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
Business LINked Money Market Share Account (Business LINked MMSA)
3.54%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
LINked Money Market Share Account (LINked MMSA)
3.52%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Indiana University Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 4.09%
Money Market Savings
3.50%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market Special Intro rate
3.50%
$0
▼
Rate3.45%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
$15,000+
Baxter Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 7.73%
Money Market Special
3.50%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
WesBanco Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 1.63%
Money Market Special
3.50%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 5, 2026
Details
With a minimum of $25k new money
Truist
Institution Rating:
A+5.0 ★ Texas Ratio: 3.63%
Small Business Money Market Account
3.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 4, 2026
Details
Freedom Bank Huntingburg, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.78%
Money Market Checking
3.40%
$0
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
L and N Federal Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 2.32%
Premier Money Market Special
3.40%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 6, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
Business LINked Money Market Share Account (Business LINked MMSA)
3.31%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details
Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market for Business
3.30%
$50
▼
Rate3.25%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market
3.30%
$50
▼
Rate3.25%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
LINked Money Market Share Account (LINked MMSA)
3.26%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
UNIFY Financial Federal Credit Union
Institution Rating:
B4.4 ★ Texas Ratio: 21.76%
Money Market Plus Account
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMay 7, 2026
Details
Hoosier Hills Credit Union
Institution Rating:
A5.0 ★ Texas Ratio: 9.40%
High Yield Money Market
3.15%
$0
▼
Rate3.11%
Min Deposit$0
Min Balance—
UpdatedMay 10, 2026
Details
Byline Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 5.13%
Advantage Money Market Account
3.15%
$25,000
▼
Rate—
Min Deposit$25,000
Min Balance—
UpdatedMay 4, 2026
Details
$25,000 minimum to open account. $25,000 minimum to earn 3.15% APY.
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
Business LINked Money Market Share Account (Business LINked MMSA)
3.15%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details
Interra Credit Union
Institution Rating:
A+5.0 ★ Texas Ratio: 1.74%
LINked Money Market Share Account (LINked MMSA)
3.10%
$10,000
▼
Rate—
Min Deposit$10,000
Min Balance—
UpdatedMay 12, 2026
Details
Mercer Savings Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 2.73%
High-Yield Money Market Deposit Account
3.10%
$0
▼
Rate3.06%
Min Deposit$0
Min Balance—
UpdatedMay 5, 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**
Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
3.05%
$50
▼
Rate3.01%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Freedom Bank Huntingburg, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.78%
Money Market Checking
2.99%
$0
▼
Rate2.95%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
MIDWEST AMERICA
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Century Money Market
2.85%
$100,000
▼
Rate—
Min Deposit$100,000
Min Balance—
UpdatedMay 12, 2026
Details
F&M Bank Laotto, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 1.40%
Platinum Money Market & Above
2.66%
$1,500
▼
Rate2.62%
Min Deposit$1,500
Min Balance—
UpdatedMay 5, 2026
Details
$500,000.00
State Bank of Medora
Institution Rating:
A+5.0 ★ Texas Ratio: 1.38%
Max Money Market
2.65%
$1,000
▼
Rate2.62%
Min Deposit$1,000
Min Balance—
UpdatedMay 5, 2026
Details
Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
2.58%
$50
▼
Rate2.55%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market
2.53%
$50
▼
Rate2.50%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market for Business
2.53%
$50
▼
Rate2.50%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Campbell & Fetter Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.43%
First Money Market
2.53%
$100
▼
Rate2.50%
Min Deposit$100
Min Balance—
UpdatedMay 5, 2026
Details
*Minimum of $100 required to open First Money Market / (Rates may change after opening on this type of account); **Tier minimum required to obtain Annual Percentage Yield
MIDWEST AMERICA
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Business Gold Money Market
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Freedom Bank Huntingburg, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 4.78%
Money Market Checking
2.38%
$0
▼
Rate2.35%
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
INDIANA STATE UNIVERSITY
Institution Rating:
A+5.0 ★ Texas Ratio: 4.14%
Money Market Account
2.25%
$0
▼
Rate2.23%
Min Deposit$0
Min Balance—
UpdatedMay 12, 2026
Details
Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
2.12%
$50
▼
Rate2.10%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Greenfield Banking Company Greenfield, IN
Institution Rating:
A+5.0 ★ Texas Ratio: 3.26%
Money Market
2.12%
$2,500
▼
Rate2.10%
Min Deposit$2,500
Min Balance—
UpdatedMay 4, 2026
Details
First Savings Bank of Hegewisch
Institution Rating:
A+5.0 ★ Texas Ratio: 0.21%
Diamond Money Market 4th Tier
2.05%
$50,000
▼
Rate2.03%
Min Deposit$50,000
Min Balance—
UpdatedMay 5, 2026
Details
Rates can change daily, Daily compounding
First Savings Bank of Hegewisch
Institution Rating:
A+5.0 ★ Texas Ratio: 0.21%
Diamond Money Market
2.05%
$50,000
▼
Rate2.03%
Min Deposit$50,000
Min Balance—
UpdatedMay 5, 2026
Details
Rates can change daily, Daily compounding
Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market
2.02%
$50
▼
Rate2.00%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Security FSB
Institution Rating:
A+5.0 ★ Texas Ratio: 3.44%
SecFed High Yield Money Market for Business
2.02%
$50
▼
Rate2.00%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Campbell & Fetter Bank
Institution Rating:
A+5.0 ★ Texas Ratio: 0.43%
First Money Market
2.02%
$100
▼
Rate2.00%
Min Deposit$100
Min Balance—
UpdatedMay 5, 2026
Details
*Minimum of $100 required to open First Money Market / (Rates may change after opening on this type of account); **Tier minimum required to obtain Annual Percentage Yield
Wayne Bank and Trust Co.
Institution Rating:
A+5.0 ★ Texas Ratio: 4.86%
Silver Eagle Money Market Account
2.02%
$50
▼
Rate2.00%
Min Deposit$50
Min Balance—
UpdatedMay 5, 2026
Details
Everence Trust Company
Institution Rating:
A+5.0 ★ Texas Ratio: 0.00%
Indexed money market
2.00%
$0
▼
Rate—
Min Deposit$0
Min Balance—
UpdatedMay 5, 2026
Details
Tier 2
Powered by
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 Carmel, Indiana 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.
Carmel, IN Money Market Rate Trends
Compare local Carmel, IN 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 — IN Avg
3.292%
Unchanged vs 7 days ago
Indiana high-yield MMA rates currently average 3.292% APY.
Standard MMA — IN Avg
0.554%
▼ 0.003 vs 7 days ago
Indiana standard MMA rates fell 0.003 points over the past 7 days to 0.554% APY.
As of May 13, 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 Carmel, Indiana 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 Carmel, Indiana. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in IN.
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 Carmel, Indiana
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 Indiana.
Are Money Market accounts in Carmel, Indiana 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 Indiana up to $250,000 per depositor, per institution.
How often do MMA rates change in Carmel, Indiana?
Money market rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Indiana 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 Carmel, Indiana?
Minimum deposit requirements vary widely. Some online money market deposit accounts can be opened with no minimum, while many banks and credit unions in Carmel, Indiana 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 Carmel, Indiana
Here are some of the highest money market account APYs currently available in Carmel, Indiana and the surrounding area:
- The Huntington National Bank
High-Yield Money Market — 3.82% APY - Horizon Bank Michigan City, IN
Business Money Market Savings — 3.65% APY - First Merchants Bank
Money Market Special — 3.55% APY - Centra Credit Union
Business & Public Funds Premium Money Market Savings — 3.05% APY - Christian Family Credit Union
Money Market — 3.03% APY
Money Market Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Carmel, Indiana. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: May 12, 2026
Rate Assistant
MonitorBankRates.com · Live Data
Try asking