New Mexico Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current New Mexico money market deposit account rates include SunwardSunward3707 Juan Tabo Blvd NE, Albuquerque, NM 87111A+5.0 ★Texas Ratio: 2.68%Real return: +2.24%APY minus 2.8% CPI (February 2026) Power Money Market Account at 5.04% APY, Bank 34Bank 34220 N Telshor Blvd, Las Cruces, NM 88011A+5.0 ★Texas Ratio: 3.86%Real return: +1.10%APY minus 2.8% CPI (February 2026) Personal PremiumPlus Money Market at 3.90% APY, America First Federal Credit UnionAmerica First Federal Credit Union3400 NM 528 NW, Albuquerque, NM 87114A5.0 ★Texas Ratio: 7.35%Real return: +1.10%APY minus 2.8% CPI (February 2026) Money Market at 3.90% APY, Mountain America Federal Credit UnionMountain America Federal Credit Union9200 Golf Course Rd NW, Albuquerque, NM 87114 5891A5.0 ★Texas Ratio: 7.84%Real return: +0.75%APY minus 2.8% CPI (February 2026) Business Money market at 3.55% APY, and Sunflower BankSunflower Bank421 N Water St, Las Cruces, NM 88001A5.0 ★Texas Ratio: 10.77%Real return: +0.62%APY minus 2.8% CPI (February 2026) Thrive Money Market at 3.42% 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 New Mexico side-by-side. New Mexico money market rates currently reach as high as 5.04% APY from Sunward at 3707 Juan Tabo Blvd NE, Albuquerque, NM 87111. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in New Mexico and surrounding area. Last Updated and Verified: September 21, 2026
Compare the Best Money Market Rates Today in New Mexico
Balance: $1.00 - $2,500.00
Balance: $3,000,000.00 and above
Balance: $1,000,000.00+
$1,000,000 +; Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/18/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $250,000.00-$999,999.99
Balance: $24,999.01 & Above
$250,000 - $999,999; Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/18/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $2,500.01 - $5,000.00
Balance: $24,999.00 & Below
Balance: $250,000.00 - $2,999,999.99
Balance: $250,000 - $2,999,999.99
Balance: $100,000.00-$249,999.99
Balance: $500,000 and above
$100,000 - $249,999; Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/18/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $250,000.00 and greater
Balance: $250,000 - $499,999.99
Balance: $250,000 and above
Balance: $100,000.00 - $249,999.99
Balance: $100,000 - $249,999.99
Variable
Balance: $50,000.00-$99,999.99
Balance: $5,000.01 - $10,000.00
Balance: $50,000.00 - $99,999.99
Balance: $50,000+
Variable
Balance: $50,000 - $249,999.99
Balance: $50,000 - $249,999
$50,000 - $99,999; Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/18/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $25,000.00-$49,999.99
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Balance: $200,000
Balance: $25,000 - $49,999
Balance: $10,000 - $99,999
Balance: $2,500.00 - $9,999.99
Variable
Balance: $100,000.00 - $249,999.99
Balance: $100,000 - $249,999.99
Balance: $10,000 - $49,999.99
Balance: $10,000 - $49,999
Balance: $250,000 - $499,999
Balance: $75,000.00 and over
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Balance: $100,000 ; The rate may change after account opening (variable rate account).
Balance: $100,000; Fee May Reduce Earnings on the Account.; The rate may change after account opening (variable rate account).
Balance: $25.00 - $2,499.99
Balance: $90,000 - $249,999
$25,000 - $49,999; Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/18/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $200,000 and over
Balance: $100,000
Balance: $25,000.00 to $74,999.99
Balance: $50,000-$99,999.99; Fee May Reduce Earnings on the Account.; The rate may change after account opening (variable rate account).
Balance: $250,000 +
Balance: $10,000.00-$24,999.99
Balance: $50,000-$99,999.99; The rate may change after account opening (variable rate account).
Balance: $100,000 and over
Balance: $150,000 - $199,999
AVD $100,000 - $249,999.
Balance: $5,000.00-$9,999.99
Balance: $10,000.01 - $15,000.00
Balance: $250,000.00 and above
Balance: $50,000.00 - $99,999.99
Balance: $250,000 and above
Balance: $50,000 - $99,999.99
Balance: $100,000 - 249,999.99
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
Balance: over $2,500.00
Balance: $75,000.01 - $250,000.01
$10,000 - $24,999; Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/18/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Balance: $0.00-$4,999.99
Balance: $10,000 - $24,999
Balance: $25,000-$49,999.99; The rate may change after account opening (variable rate account).
Balance: $25,000-$49,999.99; Fee May Reduce Earnings on the Account.; The rate may change after account opening (variable rate account).
Balance: $100,000 - $149,999
Balance: $50,000
Balance: $50,000 - 99,999.99
$2,500 - $9,999; Federally Insured by NCUA. APY=Annual Percentage Yield. Effective as of 9/18/2026. Rates and terms subject to change. Money Market tiered rates start on average daily balance of $2,500 or more. No minimum deposit required to open the account. Fees may reduce earnings on account.
Maximum $100,000 deposit per client.
Balance: $25,000
Balance: $10,000-$24,999.99; The rate may change after account opening (variable rate account).
Balance: $10,000-$24,999.99; Fee May Reduce Earnings on the Account.; The rate may change after account opening (variable rate account).
Balance: $1,500 - $9,999
Balance: $2,000.00 to $24,999.99
Balance: $25,000 - 49,999.99
Balance: $100,000.00 - $249,999.99
Balance: $100,000 - $249,999.99
Balance: $50,000 - $99,999
Balance: $25,000 - $49,999
Balance: $25,000 +
Balance: $1,000 - $49,999.99
Balance: $1,000 - $49,999.99
Balance: $15,000.01 - $25,000.00
Balance: $10,000 - $24,999
Fees could reduce the earnings on this account. Rates subject to change. Rates effective 9/1/2026
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.
New Mexico Money Market Rate Trends
Compare local New Mexico 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.
New Mexico high-yield MMA rates rose 0.023 points over the past 7 days to 3.060% APY.
New Mexico standard MMA rates fell 0.021 points over the past 7 days to 0.732% APY.
New Mexico Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current NM 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 NM 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 New Mexico.
Money Market Account Earnings in New Mexico
Annual interest earnings at current NM 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: New Mexico money market rate averages as of September 22, 2026. | ||||
About Our New Mexico Money Market Rate Database
MonitorBankRates tracks 24 money market rates from 11 banks and 13 credit unions offering money market deposit accounts to New Mexico 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: Sunward offers a money market account at 5.04% APY. Use the rate table above to compare all current offers in New Mexico.
How to Find the Best Money Market Rates in New Mexico
What to compare when shopping for a money market account in New Mexico
To find the best money market APYs in New Mexico, start with credit unions and online-only banks: New Mexico has 13 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 NM high-yield money market average is 3.060% but top local institutions are offering as high as 5.04%, 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. New Mexico 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 New Mexico institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 24 institutions in New Mexico report money market rates to our database.
- You’re among New Mexico’s 19.3% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- 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 → New Mexico CD rates
- You don’t need check writing and want a lower minimum → New Mexico savings rates
- You need daily transaction access → New Mexico checking rates
New Mexico Financial Snapshot
Local demographics and economic context for savers . Source: U.S. Census Bureau
19.3% of residents are 65 or older, in line with the national average of 17.3%. At today’s NM high-yield money market average of 3.060%, saving 10% of the local median salary ($3,840/year) would earn an additional $118 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other New Mexico Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in New Mexico.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current NM 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 New Mexico 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.
New Mexico 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 New Mexico 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 New Mexico
At NM’s top money market rate of 5.04% from Sunward, a $10,000 deposit earns $504 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median New Mexico earner is roughly $9,600. At 3.060% APY in a money market account, saving $800/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountNew Mexico’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 New Mexico earner makes $38,408/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 New Mexico 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 New Mexico 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 New Mexico. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in NM.
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 New Mexico
What is a Money Market Account (MMA)?
Are Money Market accounts in New Mexico safe?
How often do MMA rates change in New Mexico?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in New Mexico?
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 New Mexico for money market accounts?
Best Money Market Rates in New Mexico
- Sunward
Power Money Market Account: 5.04% APY - Bank 34
Personal PremiumPlus Money Market: 3.90% APY - America First Federal Credit Union
Money Market: 3.90% APY - Mountain America Federal Credit Union
Business Money market: 3.55% APY - Sunflower Bank
Thrive Money Market: 3.42% APY
New Mexico Rates & Resources
Cities in New Mexico
