Des Moines, Iowa Money Market Rates - September 2026
Brian McKay
Brian McKay
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Current Des Moines, Iowa and the surrounding area money market deposit account rates include Financial Plus Credit UnionFinancial Plus Credit Union4303 Fleur Dr, Des Moines, IA 50321 2327A+5.0 ★Texas Ratio: 2.00%Real return: +0.50%APY minus 2.8% CPI (February 2026) PLUS Money Market at 3.30% APY, Vibrant Credit UnionVibrant Credit Union520 E Grand Ave, Des Moines, IA 50309A-5.0 ★Texas Ratio: 14.65%Real return: +0.32%APY minus 2.8% CPI (February 2026) Insured Money Market at 3.12% APY, Affinity Credit UnionAffinity Credit Union475 NW Hoffman Ln, Des Moines, IA 50313 2261A+5.0 ★Texas Ratio: 3.95%Real return: +0.24%APY minus 2.8% CPI (February 2026) Money Market at 3.04% APY, Earlham Savings BankEarlham Savings Bank3401 Sw 9th St, Des Moines, IA 50315A+5.0 ★Texas Ratio: 3.45%Real return: +0.20%APY minus 2.8% CPI (February 2026) Money Market at 3.00% APY, and TruBankTruBank612 Army Post Rd, Des Moines, IA 50315A5.0 ★Texas Ratio: 10.56%Real return: +0.10%APY minus 2.8% CPI (February 2026) Money Market at 2.90% APY. Money market rates as of August 31, 2026 according to verified data from MonitorBankRates.
Des Moines has 11 local institutions in our database, with money market rates as high as 3.30% APY from Financial Plus Credit Union at 4303 Fleur Dr, Des Moines, IA 50321 2327. Use the table below to compare all available offers, including options from institutions serving the broader Iowa area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Des Moines, Iowa and surrounding area. Last Updated and Verified: August 31, 2026
Compare the Best Money Market Rates Today in Des Moines, Iowa & the Surrounding Area
Qualifications Required: Must be enrolled in electronic statements (eStatements) with a valid email address; Rates may vary after the account is opened.
Qualifications Required: Must be enrolled in electronic statements (eStatements) with a valid email address; Rates may vary after the account is opened.
Qualifications Required: Must be enrolled in electronic statements (eStatements) with a valid email address; Rates may vary after the account is opened.
Qualifications Required: Must be enrolled in electronic statements (eStatements) with a valid email address; Rates may vary after the account is opened.
Qualifications Required: Must be enrolled in electronic statements (eStatements) with a valid email address; Rates may vary after the account is opened.
Qualifications Required: Must be enrolled in electronic statements (eStatements) with a valid email address; Rates may vary after the account is opened.
Balance: $50,000.00 - $74,999.99
Balance: $25,000.00 - $49,999.99
Balance: $10,000.00 - $24,999.99
Balance: $1,000.00 - $9,999.99
The Business Money Market account is a tiered account; if the account balance falls within the range for a particular tier, the dividend rate and APY for that tier will apply to the entire balance in the account.
Rates may vary after the account is opened.
Rates may vary after the account is opened.
Rates may vary after the account is opened.
Rates may vary after the account is opened.
Rates may vary after the account is opened.
The Business Money Market account is a tiered account; if the account balance falls within the range for a particular tier, the dividend rate and APY for that tier will apply to the entire balance in the account.
The Business Money Market account is a tiered account; if the account balance falls within the range for a particular tier, the dividend rate and APY for that tier will apply to the entire balance in the account.
Balance: $1,000,000 - $1,999,999.99; Interest Calculated on Daily Balance. Interest Paid and Compounded Monthly. You must maintain the minimum daily balance to obtain the disclosed APY (Annual Percentage Yield). Money Market is a variable interest rate account; the interest rate(s) and APY(s) may change after the account is opened. Luana Savings Bank reserves the right to change interest rates and terms without notice. Fees incurred may reduce earnings.
Balance: $500,000 - $999,999.99; Interest Calculated on Daily Balance. Interest Paid and Compounded Monthly. You must maintain the minimum daily balance to obtain the disclosed APY (Annual Percentage Yield). Money Market is a variable interest rate account; the interest rate(s) and APY(s) may change after the account is opened. Luana Savings Bank reserves the right to change interest rates and terms without notice. Fees incurred may reduce earnings.
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Variable Rate Account - The rate may change after the account is opened. Accounts and rates offered through First Bank are available in our service areas of Bremer, Black Hawk, Wright, and surrounding counties in Iowa.
If balance falls below $10,000 any day of the month, a $10 monthly service charge will be assessed.
Balance: $500,000 - $999,999.99
Balance: $250,000 - $499,999.99; Interest Calculated on Daily Balance. Interest Paid and Compounded Monthly. You must maintain the minimum daily balance to obtain the disclosed APY (Annual Percentage Yield). Money Market is a variable interest rate account; the interest rate(s) and APY(s) may change after the account is opened. Luana Savings Bank reserves the right to change interest rates and terms without notice. Fees incurred may reduce earnings.
Daily balance of $300,000 or more
Balance: $100,000.00 to $249,999.99
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.
Des Moines, IA Money Market Rate Trends
Compare local Des Moines, IA 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.
Iowa high-yield MMA rates rose 0.162 points over the past 7 days to 3.036% APY.
Iowa standard MMA rates fell 0.153 points over the past 7 days to 0.746% APY.
Des Moines, Iowa Money Market Rate Forecast — Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current IA 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 IA 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 Des Moines, Iowa.
Money Market Account Earnings in Des Moines, Iowa
Annual interest earnings at current IA 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: Des Moines, Iowa money market rate averages as of September 2, 2026. | ||||
About Our Des Moines, Iowa Money Market Rate Database
MonitorBankRates found 11 institutions with branches in Des Moines (5 banks, 6 credit unions), plus 25 additional state-chartered and national online institutions available to Des Moines 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: Financial Plus Credit Union offers a money market account at 3.30% APY. Use the rate table above to compare all current offers in Des Moines, Iowa.
How to Find the Best Money Market Rates in Des Moines, Iowa
What to compare when shopping for a money market account in Des Moines, Iowa
To find the best money market APYs in Des Moines, Iowa, start with credit unions and online-only banks — Des Moines, Iowa has 15 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 IA high-yield money market average is 3.036% — but top local institutions are offering as high as 3.30%, 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. Des Moines, Iowa 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 Des Moines, Iowa institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 36 institutions in Des Moines, Iowa 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 → Des Moines, Iowa CD rates
- You don’t need check writing and want a lower minimum → Des Moines, Iowa savings rates
- You need daily transaction access → Des Moines, Iowa checking rates
Des Moines, Iowa Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
12.7% of residents are 65 or older — below the national average of 17.3%. At today’s IA high-yield money market average of 3.036%, saving 10% of the local median salary ($4,119/year) would earn an additional $125 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Des Moines, Iowa Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Des Moines, Iowa.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current IA 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 Des Moines, Iowa 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.
Des Moines, Iowa 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 Des Moines, Iowa 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 Des Moines, Iowa
At IA’s top money market rate of 3.30% from Financial Plus Credit Union, a $10,000 deposit earns $330 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Des Moines, Iowa earner is roughly $10,300. At 3.036% APY in a money market account, saving $860/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountIowa’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 Des Moines, Iowa earner makes $41,192/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 Des Moines, Iowa 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 Des Moines, Iowa 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 Des Moines, Iowa. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in IA.
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 Des Moines, Iowa
What is a Money Market Account (MMA)?
Are Money Market accounts in Des Moines, Iowa safe?
How often do MMA rates change in Des Moines, Iowa?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Des Moines, Iowa?
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 Des Moines, Iowa for money market accounts?
Best Money Market Rates in Des Moines, Iowa
- Financial Plus Credit Union
PLUS Money Market — 3.30% APY - Vibrant Credit Union
Insured Money Market — 3.12% APY - Affinity Credit Union
Money Market — 3.04% APY - Earlham Savings Bank
Money Market — 3.00% APY - TruBank
Money Market — 2.90% APY
Des Moines, Iowa Rates & Resources
