Maryland Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Maryland money market deposit account rates include CFG BankCFG Bank11 W Ridgely Rd, Lutherville, MD 21093D3.3 ★Texas Ratio: 35.17%Real return: +1.25%APY minus 2.8% CPI (February 2026) CFG High Yield Money Market In Branch at 4.05% APY, Har-co Credit UnionHar-co Credit Union30 N Hickory Ave, Bel Air, MD 21014 3249A+5.0 ★Texas Ratio: 3.63%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Advantage Money Market at 4.00% APY, Capital Area Realtors Federal Credit UnionCapital Area Realtors Federal Credit Union15201 Diamondback Dr, Rockville, MD 20850 3312A-5.0 ★Texas Ratio: 15.35%Real return: +1.01%APY minus 2.8% CPI (February 2026) Money Market at 3.81% APY, Partners 1st Federal Credit UnionPartners 1st Federal Credit Union726 Cambridge Plz, Cambridge, MD 21613A+5.0 ★Texas Ratio: 4.04%Real return: +0.85%APY minus 2.8% CPI (February 2026) Business Money Market Account at 3.65% APY, and Harford BankHarford Bank8 W Bel Air Ave, Aberdeen, MD 21001A5.0 ★Texas Ratio: 7.13%Real return: +0.80%APY minus 2.8% CPI (February 2026) Community Money Market Account at 3.60% 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 Maryland side-by-side. Maryland money market rates currently reach as high as 4.05% APY from CFG Bank at 11 W Ridgely Rd, Lutherville, MD 21093. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Maryland and surrounding area. Last Updated and Verified: September 21, 2026
Compare the Best Money Market Rates Today in Maryland
May add deposits at anytime. See below for account details.
May add deposits at anytime, no check writing privileges. See below for account details.
Click for full details.
Annual percentage yield (APY) is accurate as of 1/15/2026. Through June 30th, 2026, the account will earn no less than 4.00% APY. The minimum qualifying balance required to open and maintain this special 4.00% APY is $25,000 and the maximum balance may not exceed $250,000. After June 30th 2026, the rate will default to the posted money market rate at that time. The APY will be based upon your account balance. Har-co Business Advantage Money Market is available to members who open or maintain a Business Savings Account. Minimum balance of $2,000 required to earn APY and to avoid minimum balance fee.
Balance: $150,000 and over
Balance: $75,000 - $149,999.99
May add deposits at any time. Check writing allowed. ATM card upon request
Balance: $1,000,000+
Balance: $5,000,000 +
Balance: $50,000 - $74,999.99
On Balances Between $25,000 and $500,000 Earn 1.50% APY* on Higher Balances Earn 0.10% APY* on Average Daily Balances under $25,000
On Balances Between $25,000 and $250,000. Earn 1.50% APY* on Higher Balances Earn 0.10% APY* on Average Daily Balances under $25,000.
Preferred rates; New money required
Preferred rates; New money required
Balance: Over $100,000
$15,000+; Intro rate
$15,000+ Intro rate APY; Dividend Rate
May add deposits at anytime, check writing allowed, and ATM card issues upon request.
Balance: $1,000,000.00 and above
Balance: $1,000,000.00 and above
Balance: $750,000.00 - $999,999.99
Balance: $500,000.00 - $749,999.99
Balance: $1,000,000; Compounding Frequency: Daily
Balance: $750,000.00 - $999,999.99
Balance: $250,000.00 - $499,999.99
Balance: $500,000.00 - $999,999.99
Balance: $500,000.00 - $749,999.99
Balance: $250,000.00 - $499,999.99
Balance: $75,000.01 and up
Two tier levels
Balance: $250,000.00 - $499,999.99
Balance: $500,000.00 and above
Balance: $100,000.00 to 499,999.99
Balance: $100,000 and more
Balance: greater than $50,000
Balance: $25,000.01 - $75,000.00
Balance: $0.00 - $24,999.99
Balance: $20,000 to $49,999
Balance: $50,000.00 to $99,999.99
Balance: greater than $50,000
Balance: $100 - $19,999
Balance: $20,000 - $49,999
Balance: $2,000.00 - $25,000.00
Balance: $1,000,000 to $4,999,999
Balance: greater than $50,000
Balance: greater than $50,000
Balance: $249,999.01 - $999,999
Balance: $10,000.00 to $49,999.99
Balance: $20,000 to $49,999
Balance: $20,000 to $49,999
Balance: $100,000.00 - $249,999.99
Balance: $100,000 and above
Balance: $100 to $19,999
Balance: $2,500 to $19,999
Balance: $0.01 - $99,999.99
Balance: $250,000.00 +
Balance: $50,000.00 - $99,999.99
Balance: $100,000.00 or greater
Balance: $250,000
Balance: $35,000 and Over
Balance: $1,000,000.01 and above
Balance: $1,000,000.01 and above
Balance: >= $1,000,000
Balance: $1,000,000.00+
Balance: $99,999.01 - $249,999
Balance: $50,000 and Over
Balance: $100,000
Balance: $300,000 - $999,999.99
Balance: $300,000 - $999,999.99
Balance: $50,000 to $99,999.99
Balance: $250,000+
Balance Range for Tiered Accounts: $250,000+; Dividends Compounded: Monthly; Dividend Period: Monthly (calendar); Minimum Balance to Avoid a Service Fee: ; Balance Method: Average Daily Balance
Balance: $50,000.00 to $99,999.99
On Balances Between $25,000 and $250,000. Earn 1.50% APY* on Higher Balances Earn 0.10% APY* on Average Daily Balances under $25,000.
Balance: $500,000; Compounding Frequency: Daily
Balance: Tier 6
Balance: $500,000.01 - $1,000,000.00
Balance: $500,000.01 - $1,000,000.00
Balance: $100,000 to < $250,000
Balance Range for Tiered Accounts: $100,000 to < $250,000; Dividends Compounded: Monthly; Dividend Period: Monthly (calendar); Minimum Balance to Avoid a Service Fee: ; Balance Method: Average Daily Balance
Balance: Tier 5
Balance: $25,000 - $49,999.99
Balance: $500,000 to $999,999
Balance: Tier 4
Balance: $250,000 to $499,999
Balance: $100,000 - $299,999.99
Balance: $100,000 - $299,999.99
Balance: Tier 3
Balance: $100,000; Compounding Frequency: Daily
Balance: Tier 2
Balance: $75,000; Compounding Frequency: Daily
Balance: Tier 1
Balance: $10,000 to $49,999.99
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.
Maryland Money Market Rate Trends
Compare local Maryland 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.
Maryland high-yield MMA rates rose 0.023 points over the past 7 days to 3.060% APY.
Maryland standard MMA rates fell 0.021 points over the past 7 days to 0.732% APY.
Maryland Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current MD 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 MD 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 Maryland.
Money Market Account Earnings in Maryland
Annual interest earnings at current MD 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: Maryland money market rate averages as of September 22, 2026. | ||||
About Our Maryland Money Market Rate Database
MonitorBankRates tracks 38 money market rates from 14 banks and 24 credit unions offering money market deposit accounts to Maryland 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: CFG Bank offers a money market account at 4.05% APY with a minimum deposit of $1,000. Use the rate table above to compare all current offers in Maryland.
How to Find the Best Money Market Rates in Maryland
What to compare when shopping for a money market account in Maryland
To find the best money market APYs in Maryland, start with credit unions and online-only banks: Maryland has 24 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 MD high-yield money market average is 3.060% but top local institutions are offering as high as 4.05%, 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. Maryland 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 Maryland institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 38 institutions in Maryland 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 → Maryland CD rates
- You don’t need check writing and want a lower minimum → Maryland savings rates
- You need daily transaction access → Maryland checking rates
Maryland Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
16.7% of residents are 65 or older, below the national average of 17.3%. At today’s MD high-yield money market average of 3.060%, saving 10% of the local median salary ($5,698/year) would earn an additional $174 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Maryland Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Maryland.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current MD 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 Maryland 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.
Maryland 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 Maryland 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 Maryland
At MD’s top money market rate of 4.05% from CFG Bank, a $10,000 deposit earns $405 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Maryland earner is roughly $14,200. At 3.060% APY in a money market account, saving $1,190/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountMaryland’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 Maryland earner makes $56,984/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 Maryland 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 Maryland 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 Maryland. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in MD.
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 Maryland
What is a Money Market Account (MMA)?
Are Money Market accounts in Maryland safe?
How often do MMA rates change in Maryland?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Maryland?
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 Maryland for money market accounts?
Best Money Market Rates in Maryland
- CFG Bank
CFG High Yield Money Market In Branch: 4.05% APY - Har-co Credit Union
Business Advantage Money Market: 4.00% APY - Capital Area Realtors Federal Credit Union
Money Market: 3.81% APY - Partners 1st Federal Credit Union
Business Money Market Account: 3.65% APY - Harford Bank
Community Money Market Account: 3.60% APY
Cities in Maryland
