Massachusetts Money Market Rates - October 2026
Brian McKay
Brian McKay
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Massachusetts money market account rates range from 2.55% to 5.00% APY, verified by MonitorBankRates as of October 13, 2026. Current Massachusetts money market deposit account rates include Clinton Savings BankClinton Savings Bank200 Church St, Clinton, MA 01510A-5.0 ★Texas Ratio: 15.56%Real return: +2.20%APY minus 2.8% CPI (February 2026) Tiered Money Market Account at 5.00% APY, Bank5 ConnectBank5 Connect160 County St, New Bedford, MA 02740A5.0 ★Texas Ratio: 7.62%Real return: +1.20%APY minus 2.8% CPI (February 2026) Connect Money Market at 4.00% APY, CENTRAL ONECENTRAL ONE714 Main St, Shrewsbury, MA 01545A+5.0 ★Texas Ratio: 5.45%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Money Market at 4.00% APY, Eastern BankEastern Bank1336 Massachusetts Ave, Cambridge, MA 02138A+5.0 ★Texas Ratio: 2.61%Real return: +1.20%APY minus 2.8% CPI (February 2026) Money Market Plus at 4.00% APY, and Zynlo BankZynlo Bank330 Whitney Ave, Holyoke, MA 01040A+5.0 ★Texas Ratio: 5.27%Real return: +1.10%APY minus 2.8% CPI (February 2026) Money Market Savings Account at 3.90% APY. Money market rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Massachusetts side-by-side. Massachusetts money market rates currently reach as high as 5.00% APY from Clinton Savings Bank at 200 Church St, Clinton, MA 01510. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Massachusetts and surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Money Market Rates Today in Massachusetts
Minimum deposit of $500 required to open the account. Must maintain the minimum balance each day that is required in each tier to obtain the disclosed Annual Percentage Yield. Rate is variable and can change after the account is opened. Rates effective 8/18/2022. Balance: $0.00 - $24,999.99
- Oct 11, 20265.00%▲ from 0.15%
- Sep 19, 20260.15%first recorded
Balance: $25,000-$10,000,000
Balance: $200,000.00 +
No Monthly Fees | No minimum account balance requirements -and unlimited transactions.
Balance: $15,000 and Above
- Sep 21, 20263.85%▲ from 3.59%
- Sep 14, 20263.59%first recorded
Balance: $249,999.01 - $9,999,999.00
Balance: $2,499,999.01 - $9,999,999
Balance: $25,000-$10,000,000
Balance: $250,000.00 and above; Average Daily Balance
Balance: $250,000.00 and above
Balance: $250,000 - higher; Compounding: Monthly
Community High Yield Money Market for consumer and business accounts. Earn 3.75% Annual Percentage Yield for new money only. Transaction limitations apply, per Regulation D - no more than six (6) transfers or withdrawals per calendar month or statement cycle can be conducted. Dividends are compounded and paid monthly. Refer to CCU's Fee Schedule and Account Product Disclosures for additional account requirements to earn interest. Fees may reduce earnings.
Preferred rates; New money is required to qualify for preferred rates.
Preferred rates; New money required to qualify for preferred rates.
$50,000.00+; Balance: $50,000+; Open Online
$50,000+; Balance: $50,000+; Open Online (Opens in new tab)
Balance: $.01 -
$4,999.99
Balance: $1,000,000+; Compounding: Daily
Balance: $500,000 - $999,999.99; Premier Checking required to open the Premier Money Market
Balance: $100,000.00 and over; Rates are variable and subject to change after account opening.
Balance: $500,000.00
Balance: $99,999.01 - $249,999
Balance: $15,000+; Intro rate
- Oct 10, 20263.50%▲ from 1.25%
- Sep 14, 20261.25%first recorded
Balance: $100,000.00 - $199,999.99
Balance: $20,000 and over
Balance: $100,000 and over; Dividends compounded monthly; Requires $2,500 minimum daily balance to obtain disclosed APY
Rate Index: 30 Day Avg SOFR* minus 10% of the 30 Day Avg SOFR rate index
- Oct 3, 20263.42%▲ from 3.33%
- Sep 19, 20263.33%first recorded
Rate Index: 30 Day Avg SOFR* minus 10% of the 30 Day Avg SOFR rate index
Balance: $1,000,000+. APY* - Annual Percentage Yield assumes that all funds, including dividends, remain on deposit for 365 days. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened. Accounts are insured by NCUA up to $250,000. Shares and Deposits in excess of NCUA limits are fully insured by MSIC.
Balance: $1,000,000+; The minimum balance to avoid a service fee is $2,500.00. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened. Accounts are insured by NCUA up to $250,000. Shares and Deposits in excess of NCUA limits are fully insured by MSIC.
Balance: $1,000,000+
Balance: $1,000,000+; The minimum balance to avoid a service fee is $2,500.00. Fees may reduce earnings. Rates subject to change daily and may change after the account is opened.
Balance: $50,000.00 or more
Balance: Equal to or greater than $1,500,000.00
Balance: $250,000.00 - $999,999.99
- Oct 12, 20263.30%▲ from 3.04%
- Sep 12, 20263.04%first recorded
Balance: $250,000.00 - $999,999.99
- Oct 12, 20263.30%▲ from 3.04%
- Sep 12, 20263.04%first recorded
Balance: $500,000 and up
$25,000.00+; Balance: $25,000.00-$49,999.99; Open Online
Maximum balance allowed is $4,000,000 plus interest paid. Rates are variable and subject to change at any time without notice. This is a tiered rate account. A minimum balance of $2,000,000 is required to open the account and avoid a $10 monthly service charge. Balances of $2,000,000 to $4,000,000 earn 3.25% APY; balances less than $2,000,000 earn 1.50% APY. Account is available to individuals and businesses, not available for municipalities or other public funds. All accounts must be opened in person and are limited to one account per primary account owner. Fees may reduce earnings.
- Oct 7, 20263.25%▲ from 3.00%
- Sep 19, 20263.00%first recorded
Balance: $2,000,000-$4,000,000 (plus interest paid)
Balance: $2,000,000-$4,000,000 (plus interest paid)
Balance: $500,000 +
To receive the 3.25% APY a balance of $500,000 or greater needs to be maintained. If the promotional money market daily balance falls below the $50,000 minimum deposit requirement during the monthly statement cycle, the interest rate will default to the current money market rate established by Savers Bank. As of October 30, 2024 the default rate is 1.00% APY. Fees and other conditions could reduce earnings. You must maintain a minimum balance of $10 in the account to obtain the disclosed APY. The Ultra Money Market requires a Savers Bank checking account to receive the advertised promotional money market rate. All Money Market rate tiers are effective as of October 30, 2024 and are subject to change without notice.
Balance: $300,000.00 to $999,999.99
Balance: $300,000.00 to $999,999.99
Balance: $500,000 - $999,999; Compounding: Daily
Balance: $25,000-$10,000,000
Balance: $100,000 - $249,999.99; Premier Checking required to open the Premier Money Market
Balance: $10,000.00 and over
Balance: $250,000-$499,999.99
New Money Only: Yes
Requires a Beacon Bank checking account with an ownership relationship. Balance cannot exceed $5,000,000. Interest rate paid on the entire balance.
- Oct 2, 20263.20%▲ from 3.05%
- Sep 28, 20263.05%first recorded
Balance: $1,000,000+
Balance: $50,000 to $99,999.99; Dividends compounded monthly; Requires $2,500 minimum daily balance to obtain disclosed APY
Balance: $100,000 and above
Balance: >= $1,000,000; $10 monthly maintenance service charge; Waive with $1,000 average monthly balance; Up to $12/month Non-CSB ATM Surcharge Reimbursement; Yes Zelle; Online & Paper Statements
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $75,000 - $249,999; Compounding: Monthly
Balance: $250,000.00
Balance: $10 +
Requires a Beacon Bank checking account with an ownership relationship. Balance cannot exceed $5,000,000. Interest rate paid on the entire balance.
Balance: $100,000.00 to $299,999.99
- Oct 11, 20263.05%▲ from 3.04%
- Sep 19, 20263.04%first recorded
Balance: $100,000.00 to $299,999.99
- Oct 11, 20263.05%▲ from 3.04%
- Sep 24, 20263.04%first recorded
Balance: $250,000 - $999,999.99
Business Platinum Money Market (Daily balances from $10.00 to $24,999.99 will earn 0.05% APY. Daily balances below $10.00 will not earn interest.) Note: Earn this high rate when you open a Business Platinum Money Market with money that is not already held in a Bluestone Bank account.
Balance: $1,000,000.01 or More
Balance: $100,000 or more
Balance: $100,000.00 - $249,999.99
- Oct 12, 20263.04%▲ from 2.78%
- Sep 12, 20262.78%first recorded
Balance: $100,000.00 - $249,999.99
- Oct 12, 20263.04%▲ from 2.78%
- Sep 12, 20262.78%first recorded
Balance: $0-$24,999.99; Open Online
- Sep 27, 20263.00%▲ from 0.05%
- Sep 24, 20260.05%first recorded
Balance: Balances $250,000-$1,000,000 (plus interest paid)
Maximum balance allowed is $1,000,000 plus interest paid. Rates are variable and subject to change at any time without notice. This is a tiered rate account. A minimum balance of $250,000.00 is required to open the account and avoid a $10 monthly service charge. Balances of $250,000 to $1,000,000 earn 3.00% APY; balances less than $250,000 earn 1.50% APY. Funds over $1,000,000, excluding interest paid, will be returned to account owners. All accounts must be opened in person and are limited to one account per primary account owner. Fees may reduce earnings.
Balance: Balances $250,000 and above
Balance: $100,000 - $2,000,0000
Balance: $1million and above
Balance: $250,000+
Balance: $125,000.00 or Greater
Balance: $250,000 - $499,999; Compounding: Daily
Balance: $100,000.00 to $249,999.99; Average Daily Balance
Balance: $100,000.00 to $249,999.99
Balance: $50,000.00 - $99,999.99; Rates are variable and subject to change after account opening.
Balance: $10,000.01 - $50,000
Balance: $100,000-$249,999.99
Balance: $99,999.01 - $249,999.00
Balance: $500,000 - $999,999.99; APY = Annual Percentage Yield. Rates are variable and may change after the account is opened at any time at SCU's discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.
Balance: $50,000.00 - $99,999.99
Balance: $25,000 to $49,999.99; Dividends compounded monthly; Requires $2,500 minimum daily balance to obtain disclosed APY
New Money Special; Balance: $500,000.00 minimum to earn dividend
Balance: $250,000 - higher; Compounding: Monthly
Balance: $500,000.00 and over
Balance: $100,000.00 and over; $5.00 Membership Account Required
Balance: $50,000 - $249,999.99; APY = Annual Percentage Yield. Rates are variable and may change after the account is opened at any time at SCU's discretion. Fees may reduce earnings on the account. Other conditions may apply. Please refer to SCU's Important Account Information for Our Members and Schedule of Fees and Service Charges for important information and disclosures.
Balance: $10,000 to $24,999.99; Dividends compounded monthly; Requires $2,500 minimum daily balance to obtain disclosed APY
Balance: Min. Balance $125,000; $100 minimum deposit to open; Minimum deposit as stated above to earn stated dividend rate/yield
- Oct 5, 20262.68%▲ from 2.43%
- Sep 14, 20262.43%first recorded
Balance: $100,000 - $249,999; Compounding: Monthly
Balance: $250,000 - higher; Compounding: Monthly
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.
Massachusetts Money Market Rate Trends
Compare local Massachusetts 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.
Massachusetts high-yield MMA rates rose 0.051 points over the past 7 days to 3.080% APY.
Massachusetts standard MMA rates rose 0.002 points over the past 7 days to 0.527% APY.
Massachusetts Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current MA 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 MA high-yield money market average of 3.080% 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 Massachusetts.
Money Market Account Earnings in Massachusetts
Annual interest earnings at current MA 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 (3.080% APY) | Monthly Earnings | Standard MMA (0.527% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $307.95 / year | $25.66 | $52.74 / year | $4.40 |
| $25,000 | $769.88 / year | $64.16 | $131.85 / year | $10.99 |
| $50,000 | $1,539.75 / year | $128.31 | $263.70 / year | $21.97 |
| $100,000 | $3,079.50 / year | $256.63 | $527.40 / year | $43.95 |
| 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: Massachusetts money market rate averages as of October 13, 2026. | ||||
About Our Massachusetts Money Market Rate Database
MonitorBankRates tracks 56 money market rates from 33 banks and 23 credit unions offering money market deposit accounts to Massachusetts 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 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: Clinton Savings Bank offers a money market account at 5.00% APY with a minimum deposit of $500. Use the rate table above to compare all current offers in Massachusetts.
How to Find the Best Money Market Rates in Massachusetts
What to compare when shopping for a money market account in Massachusetts
To find the best money market APYs in Massachusetts, start with credit unions and online-only banks: Massachusetts has 23 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 MA high-yield money market average is 3.080% 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. Massachusetts high-yield money market rates currently average 3.080% 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 Massachusetts institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 56 institutions in Massachusetts 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 Massachusetts CD rates
- You don’t need check writing and want a lower minimum Massachusetts savings rates
- You need daily transaction access Massachusetts checking rates
Massachusetts Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
17.9% of residents are 65 or older, in line with the national average of 17.3%. At today’s MA high-yield money market average of 3.080%, saving 10% of the local median salary ($5,723/year) would earn an additional $176 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Massachusetts Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Massachusetts.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current MA Avg APY | 3.080% | View Savings Rates | 0.527%(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 Massachusetts averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Massachusetts 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 Massachusetts 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 Massachusetts
At MA’s top money market rate of 5.00% from Clinton Savings Bank, 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 Massachusetts earner is roughly $14,300. At 3.080% 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 AccountMassachusetts’s high-yield money market average is 3.080% 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 Massachusetts earner makes $57,232/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.080% APY.
Retirement PlannerA $25,000 money market balance earning 3.080% APY grows to roughly $45,855 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 Massachusetts 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 Massachusetts 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 Massachusetts. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in MA.
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 Massachusetts
What is a Money Market Account (MMA)?
Are Money Market accounts in Massachusetts safe?
How often do MMA rates change in Massachusetts?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Massachusetts?
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 Massachusetts for money market accounts?
Best Money Market Rates in Massachusetts
- Clinton Savings Bank
Tiered Money Market Account: 5.00% APY - Bank5 Connect
Connect Money Market: 4.00% APY - CENTRAL ONE
Business Money Market: 4.00% APY - Eastern Bank
Money Market Plus: 4.00% APY - Zynlo Bank
Money Market Savings Account: 3.90% APY
Massachusetts Rates & Resources
Cities in Massachusetts
