Kentucky Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Kentucky money market deposit account rates include Elkton Bank & Trust CompanyElkton Bank & Trust Company30 Public Sq, Elkton, KY 42220A+5.0 ★Texas Ratio: 0.40%Real return: +2.20%APY minus 2.8% CPI (February 2026) Business Money Market Plus at 5.00% APY, American Bank & Trust Co, Inc.American Bank & Trust Co, Inc.531 Lovers Ln, Bowling Green, KY 42103A5.0 ★Texas Ratio: 10.95%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Money Market (Personal) at 4.00% APY, Service One Credit UnionService One Credit Union1609 Campbell Ln, Bowling Green, KY 42104A5.0 ★Texas Ratio: 6.25%Real return: +1.20%APY minus 2.8% CPI (February 2026) Premium Money Market at 4.00% APY, Heritage Federal Credit UnionHeritage Federal Credit Union2011 US Highway 60 E, Henderson, KY 42420A+5.0 ★Texas Ratio: 0.82%Real return: +0.95%APY minus 2.8% CPI (February 2026) Business Money Market at 3.75% APY, and University of Kentucky Federal Credit UnionUniversity of Kentucky Federal Credit Union2557 Sir Barton Way, Lexington, KY 40509A5.0 ★Texas Ratio: 6.36%Real return: +0.94%APY minus 2.8% CPI (February 2026) Business Money Market Account at 3.74% APY. Money market rates as of September 21, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Kentucky side-by-side. Kentucky money market rates currently reach as high as 5.00% APY from Elkton Bank & Trust Company at 30 Public Sq, Elkton, KY 42220. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Kentucky and surrounding area. Last Updated and Verified: September 21, 2026
Compare the Best Money Market Rates Today in Kentucky
Balance: 0 - $25,000
Balance: 0 - $25,000
Balance: $1,000,000 >
Balance: $400,000 and greater
Tier minimum Average Daily Balance of $10,000.00 - $149,499.99 = 2.25% APY; $150,000.00 - $349,999.99 = 2.85% APY; $350,000.00 - $499,999.99 = 3.00% APY; $500,000.00 and up = 3.75% APY. $10.00 monthly fee if $10,000 balance is not maintained. Interest will not be earned if balance drops below $10,000. Fees may reduce earnings. Contact Heritage for details. Government Regulation D permits only 6 pre-authorized or electronic withdrawals, including checks from a savings or money market account per monthly cycle.
Balance: $500,000+
Balance: $300,000.00 - $999,999.99
Balance: $1,000,000 >
Balance: $250,000 - $499,999.99
Balance: $100,000.00 - $299,999.99
Preferred rates; New money required
Preferred rates; New money required
Interest rate in effect for the first five months, variable interest rate thereafter. The promotional Annual Percentage Yield (APY) for the BGF MMA Promo is 3.50% as of 11/07/2025. A minimum average daily balance of $5,000 is required to avoid a $10 monthly service fee. After the 5 month promotional period, the minimum average daily balance will be $10,000. The promotional APY is locked for the first 5 months. After 5 months, the variable interest rate is subject to change and the new interest rate will be based on the account balance and the interest rate tier being offered on the Select Money Market Account. The Select Money Market account tiered interest rates in effect as of 02/09/2024 are as follows: .01- $24,999.99 the APY is 0.35%; $25,000.00-$99,999.99 the APY is 0.60%; $100,000.00-$249,999.99 the APY is 0.70% and $250,000.00 or more the APY is .80%. If the account is closed before 150 days, a $50 fee may be assessed. No more than a total of 6 preauthorized, telephone, ACH, check, POS or Internet transactions may be made from this account per month. Fees could reduce earnings on this account. The promotional APY is valid only for new money not currently on deposit with Blue Grass Federal. Other fees and restrictions may apply. Promotional offer subject to change without notice. Contact a branch representative for full details.
Balance: $250,000 - $499,999.99
Balance: $250,000.00 and Greater
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $25,000.00 to $2,000,000.99
Balance: $500,000 or >
Balance: $1,000,000 +
Balance: $100,000 & UP
Dividends are earned daily and posted monthly. 6 withdrawals or transfers per month. Rates on the Money Market Account can change weekly. If balance drops below $25,000, dividends will not be earned.
Dividends are earned daily and posted monthly. The Premier Money Market has a required minimum balance of $25,000 to earn dividends and open account.
Balance: $100,000.00 and above
Balance: $100,000 - $249,999.99
Balance: $100,000 - $249,999.99
Balance: $100,000.00 - $249,999.99
Balance: $500,000 or >
Balance: $500,000 - $999,999
Balance: $250,000 and up
Balance: $50,000.00 - $99,999.99
Balance: $250,000.00 to $399,999.99
Balance: $50,000 - $99,999.99
Balance: $300,000 & greater
Balance: $50,000.00 - $99,999.99
Balance: $250,000 - $499,999
Balance: $50,000-$99,999.99
Balance: $150,000 - $249,999
Balance: $25,000.00 - $49,999.99
Published APY range: 2.70%-3.75%; Published rate range: 2.70%-3.75%. Rates based on zip code. Get your variable rate after opening a Huntington Relationship Money Market Account when you maintain deposits of $25,000.00 - $2,000,000.99. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Avoid a monthly maintenance fee when you have an average daily balance of $25,000 or when you have either a Perks Checking or Platinum Perks Checking account; otherwise $25. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).
Published APY range: 2.70%-3.75%; Published rate range: 2.67%-3.69%. Annual percentage yield (APY) and interest rates accurate as of May 19, 2026. The special interest rate for the Huntington Relationship Money Market Account (HRMMA) with balances between $25,000.00 to $2,000,000.99 is between 2.67%-3.69% with an APY between 2.70% APY- 3.75 % based on your zip code. The interest rate is variable and subject to change at any time. Balances $2,000,001.00 and above currently earn 0.25% (0.25% APY). Balances below $25,000.00 do not earn interest and may be subject to a $25.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. For instance, if your balance reaches $2,000,001.00 or more, your entire balance would currently earn 0.25% APY. Initial minimum opening deposit to earn interest on the HRMMA is $25,000.00 and must be "New Money" which is defined as
Balance: $25,000.00 - $49,999.99
Balance: $500,000.00 and Over
Balance: $250,000 or more
Balance: $100,000 - $249,999
Balance: $25,000.00 & UP
Balance: $75,000 - $149,999
Balance: $10,000.00 - $24,999.99
Balance: $1,000 - $49,999.99
Balance: $100,000 - $299,999
Balance: $300,000.00 - $999,999.99
Balance: $100,000.00+
Balance: $100,000.00 - $299,999.99
Balance: $50,000 - $99,999
Balance: $25,000-$49,999.99
Balance: $10,000.00 - $24,999.99
Balance: $750,000.00 and over
Balance: $250,000 & higher
Balance: $25,000 - $74,999
Balance: $2,500.00 - $9,999.99
Balance: $50,000.00 - $99,999.99
Balance: $10,000 - $99,999.99
Balance: $50,000.00 - $99,999.99
Balance: $1,000,000.00 - and up
Balance: $150,000 and over
Balance: $25,000.00 - $49,999.99
Balance: $25,000 - $99,999
Balance: $25,000.00 - $49,999.99
Balance: $250,000.00 - $499,999.99
Balance: $200,001.00 +
Balance: $15,000.00 - $24,999.99
Balance: 0 - $200,000
Balance: 0 - $200,000
Balance: $25,000 - $49,999
Balance: $2,500.00 - $9,999.99
Balance: $2,500 - $24,999
Balance: $500,000.00 - $999,999.99
Balance: $1,000,000.00 - and above
Balance: $15,000.00 - $24,999.99
Balance: $2,500.00 - $14,999.99
Balance: $2,500.00 - $14,999.99
Balance: $10,000 - $24,999
Balance: Up to $24,999.99
Balance: Up to $99.99
Balance: $10,000 - $49,999.99
Balance: Up to $99.99
Balance: $100,000.00 - $249,999.99
Balance: $100,000 & Up
Balance Range: $25,000 - & Up; Paid Out: Monthly
Balance: $0 - $4,999.99
Balance: $500,000.00 and over
Balance: $150,000 - $249,999.99
Balance: $100,000.00 - $499,999.99
Balance: $50,000.00 - $99,999.99; Balance: $50,000.00 - $99,999.99
Balance: $2,500.00 - $24,999.99
Balance: $50,000-$99,999.99
A tiered rate account with unlimited deposits and limited withdrawals.
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.
Kentucky Money Market Rate Trends
Compare local Kentucky 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.
Kentucky high-yield MMA rates rose 0.023 points over the past 7 days to 3.060% APY.
Kentucky standard MMA rates fell 0.021 points over the past 7 days to 0.732% APY.
Kentucky Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current KY 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 KY high-yield money market average of 3.060% 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 Kentucky.
Money Market Account Earnings in Kentucky
Annual interest earnings at current KY 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 (3.060% APY) | Monthly Earnings | Standard MMA (0.732% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $306.00 / year | $25.50 | $73.15 / year | $6.10 |
| $25,000 | $765.00 / year | $63.75 | $182.88 / year | $15.24 |
| $50,000 | $1,530.00 / year | $127.50 | $365.75 / year | $30.48 |
| $100,000 | $3,060.00 / year | $255.00 | $731.50 / year | $60.96 |
| 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: Kentucky money market rate averages as of September 22, 2026. | ||||
About Our Kentucky Money Market Rate Database
MonitorBankRates tracks 35 money market rates from 15 banks and 20 credit unions offering money market deposit accounts to Kentucky residents, including community institutions, regional banks, and national online options. 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: Elkton Bank & Trust Company offers a money market account at 5.00% APY. Use the rate table above to compare all current offers in Kentucky.
How to Find the Best Money Market Rates in Kentucky
What to compare when shopping for a money market account in Kentucky
To find the best money market APYs in Kentucky, start with credit unions and online-only banks: Kentucky 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 KY high-yield money market average is 3.060% but top local institutions are offering as high as 5.00%, 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. Kentucky high-yield money market rates currently average 3.060% 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 Kentucky institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 35 institutions in Kentucky 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 → Kentucky CD rates
- You don’t need check writing and want a lower minimum → Kentucky savings rates
- You need daily transaction access → Kentucky checking rates
Kentucky Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
17.3% of residents are 65 or older, in line with the national average of 17.3%. At today’s KY high-yield money market average of 3.060%, saving 10% of the local median salary ($4,063/year) would earn an additional $124 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Kentucky Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Kentucky.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current KY Avg APY | 3.060% | View Savings Rates | 0.732%(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 Kentucky 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.
Kentucky 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 Kentucky 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 Kentucky
At KY’s top money market rate of 5.00% from Elkton Bank & Trust Company, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Kentucky earner is roughly $10,200. At 3.060% APY in a money market account, saving $850/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountKentucky’s high-yield money market average is 3.060% 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 Kentucky earner makes $40,635/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.060% APY.
Retirement PlannerA $25,000 money market balance earning 3.060% APY grows to roughly $45,682 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 Kentucky 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 Kentucky 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 Kentucky. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in KY.
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 Kentucky
What is a Money Market Account (MMA)?
Are Money Market accounts in Kentucky safe?
How often do MMA rates change in Kentucky?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Kentucky?
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 Kentucky for money market accounts?
Best Money Market Rates in Kentucky
- Elkton Bank & Trust Company
Business Money Market Plus: 5.00% APY - American Bank & Trust Co, Inc.
Business Money Market (Personal): 4.00% APY - Service One Credit Union
Premium Money Market: 4.00% APY - Heritage Federal Credit Union
Business Money Market: 3.75% APY - University of Kentucky Federal Credit Union
Business Money Market Account: 3.74% APY
Cities in Kentucky
