New York Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current New York money market deposit account rates include UFirst Federal Credit UnionUFirst Federal Credit Union274 Rugar St, Plattsburgh, NY 12901A+5.0 ★Texas Ratio: 3.58%Real return: +1.20%APY minus 2.8% CPI (February 2026) High-Yield Money Market Account at 4.00% APY, Piermont BankPiermont Bank4 Bryant Park, New York, NY 10018A+5.0 ★Texas Ratio: 0.00%Real return: +0.95%APY minus 2.8% CPI (February 2026) Business Money Market Account at 3.75% APY, The Upstate National BankThe Upstate National Bank729 Proctor Ave, Ogdensburg, NY 13669A+5.0 ★Texas Ratio: 0.00%Real return: +0.90%APY minus 2.8% CPI (February 2026) Business Money Market Deposit Account at 3.70% APY, Apple Bank for SavingsApple Bank for Savings12 Westchester Sq, Bronx, NY 10461A+5.0 ★Texas Ratio: 4.67%Real return: +0.75%APY minus 2.8% CPI (February 2026) Apple Choice Money Market Account Preferred Rate at 3.55% APY, and Citizens BankCitizens Bank1001 North St, Endicott, NY 13760A5.0 ★Texas Ratio: 7.72%Real return: +0.70%APY minus 2.8% CPI (February 2026) Citizens Private Client Money Market at 3.50% 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 York side-by-side. New York money market rates currently reach as high as 4.00% APY from UFirst Federal Credit Union at 274 Rugar St, Plattsburgh, NY 12901. Rates are continually updated, so we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in New York and surrounding area. Last Updated and Verified: September 21, 2026
Compare the Best Money Market Rates Today in New York
Up to 4.00% APY with tiered rates; No minimum balance required; Up to 3 withdrawals a month.
If MMA balance falls below $50,000, you will earn 3.25% APY*. If Business Checking Account is not opened, the applicable rate will be 3.25% APY*.
Balance: $100,000 - $249,999.99
Apple Choice Banking Program
Qualifications Required: Maintain a $2,500 minimum daily balance in your Choice Money Market accounts on the evaluation date; Make any combination of five Qualifying Credit and/or Debit Transactions per month from your Choice Checking account; Preferred rate becomes effective the day following the monthly evaluation date and remains in effect until the next evaluation date. If you do not meet the qualification requirements during the monthly evaluation period, you will earn the standard rate for the Choice Money Market Account in effect on the day after the evaluation date.
Preferred rates; New money required
Preferred rates; New money required
Balance: $1,000,000 - $9,999,999.99
No service charges or monthly fees.
Guaranteed for 6 months ON ALL BALANCES. For Consumer Accounts Only. After the promotional period, the account will automatically convert to the Bank's standard Money Market account and earn the then-current variable APY in effect for that account. Fees may reduce earnings. Additional terms and conditions apply. This promotional Money Market Account is available to new clients who have never held an account with BankUnited, N.A., or to existing clients who deposit new funds not currently on deposit with us. New funds are funds not currently on deposit with BankUnited and not transferred from another BankUnited account.
Balance: $100,000 - $249,999.99
The APY is accurate as of September 1st, 2026. The variable rate is determined by Esquire Bank and may change at any time.
If average daily balance falls below $100,000.00 during the statement cycle a $20.00 minimum balance fee will apply; Balance: $1,000,000.00 and over
Balance: $100,000 & above; New money only
Balance: $100,000 & above; New money only
$15,000+; Intro rate
$15,000+ Intro rate APY; Dividend Rate
Balance: $5,000,000 - $9,999,999
Balance: $250,000-$1,000,000; Credit Frequency: Monthly
Balance: Over $1,000,000
Balance: Over $1,000,000
Balance: $250,000; Credit Frequency: Monthly
Minimum Average Daily Balance to Earn APY: $500 to $999,999.99
Balance: $3,000,000 - $4,999,999
Balance: $3,000,000+
Balance: $1,000,001-$1,500,000; Credit Frequency: Monthly
Enjoy unlimited withdrawals with no penalties, no minimum balance requirements, and competitive tiered rates that reward higher balances.
Unrestricted Savings Account - Min $1,500* - Interest Compounded Monthly
Balance: $250,000+
New money only. Daily balances at or below $24,999.99 earn an APY of 1.50%. This account has no check writing privileges.
Balance: $5,000,000.00 or more
Balance: $0 - $99,999.99
If average daily balance falls below $100,000.00 during the statement cycle a $20.00 minimum balance fee will apply; Balance: $500,000.00 - $999,999.99
Unrestricted Savings Account - Min $1,500* - Interest Compounded Monthly
Balance: $200,000 and over
Balance: $200,000 and over
Balance: $1,500,001; Credit Frequency: Monthly
Minimum Balance of $10,000.00 Required to Earn Dividends; Deposit cannot exceed $500,000.00
Balance: $1,000,000 - $2,999,999
Balance: $1,000,000 - $2,999,999
Minimum: $50,000 - $249,999.99; Balance: $50,000 - $249,999.99
Balance: $100,000; Credit Frequency: Monthly
Balance: $1,000,000 and Over
Balance: $1,000,000.00 and up
Balance: $1,000,000.00 and Up
Balance: $250,000.00 - $999,999.99
Balance: $250,000.00 - $999,999.99
Qualifications Required: Meet the requirements of the Premier tier and also meet all of the following criteria Be the Primary or Secondary Owner of An Apple Bank Choice Money Market account And maintain a $2,500 minimum daily balance in your Choice Money Market accounts on the evaluation date And make any combination of five Qualifying Credit and/or Debit Transactions per month from your Choice Checking account; Preferred rate is one-half of one percent (0.50%) higher than the current interest rate on your money market balance when Elite tier requirements are met; Earn up to 3.55% APY on your Choice Money Market Account
Balance: $50,000**
Elite rates and yields are reserved for GRB Elite Banking customers only.
Balance: $500,000 and Over
If average daily balance falls below $100,000.00 during the statement cycle a $20.00 minimum balance fee will apply; Balance: $250,000.00 - $499,999.99
As high as
Balance: $150,000 - $199,999.99
Balance: $150,000 - $199,999.99
Balance: $1,000,000 and over
Variable rate product. The Annual Percentage Yield (APY) is effective as of 10/30/2025 and is subject to change at any time, after account opening. Minimum balance required to open and earn APY is $5,000.00.
Tier 4: If your daily balance is $250,000.00 up to $499,999.99 you will earn an interest rate of 2.81% with a 2.85% APY.
Balance $1,000,000.01 + Average Daily Bal. Compound Monthly
Balance Tiers $0 - $9,999.99 | 0.05% APY $10,000 - $99,999.99 | 2.60% APY $100,000 + | 2.80% APY
Balance: $500,000+
Balance: $100,000.00 - $249,999.99
Balance: $100,000.00 - $249,999.99
Balance: $25,000.00 and over
Tier 3: If your daily balance is $100,000.00 up to $249,999.99 you will earn an interest rate of 2.71% with a 2.75% APY.
Balance: $250,000 and over
Balance: $10,000.00
Balance: $1,000,000+
Balance: $250,000 to $999,999
Balance: $250,000 to $999,999
Balance: $250,000 +
Balance: $100,000 and over
Balance: $100,000 - $149,999.99
Balance: $100,000 - $149,999.99
Balance: $500,000 - $999,999.99
Balance: $250,000 & Up
Balance: $1,000,000 & Over
Balance: $25,000.00 - $99,999.99
Balance: $25,000.00 - $99,999.99
Balance: $100,000 to $249,999
Balance: $100,000 to $249,999
Balance: $25,000.00 and up
Balance: $50,000 - $99,999.99
Balance: $50,000 - $99,999.99
Balance: $250,000 - $499,999.99
As High As
Balance: $100,000 - $249,999
Balance: $100,000 - $249,999
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 York Money Market Rate Trends
Compare local New York 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 York high-yield MMA rates rose 0.023 points over the past 7 days to 3.060% APY.
New York standard MMA rates fell 0.021 points over the past 7 days to 0.732% APY.
New York Money Market Rate Forecast, Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current NY 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 NY 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 York.
Money Market Account Earnings in New York
Annual interest earnings at current NY 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 York money market rate averages as of September 22, 2026. | ||||
About Our New York Money Market Rate Database
MonitorBankRates tracks 60 money market rates from 36 banks and 24 credit unions offering money market deposit accounts to New York 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: UFirst Federal Credit Union offers a money market account at 4.00% APY. Use the rate table above to compare all current offers in New York.
How to Find the Best Money Market Rates in New York
What to compare when shopping for a money market account in New York
To find the best money market APYs in New York, start with credit unions and online-only banks: New York 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 NY high-yield money market average is 3.060% but top local institutions are offering as high as 4.00%, 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. New York 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 York institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 60 institutions in New York 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 → New York CD rates
- You don’t need check writing and want a lower minimum → New York savings rates
- You need daily transaction access → New York checking rates
New York 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%; an unemployment rate of 6.4% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s NY high-yield money market average of 3.060%, saving 10% of the local median salary ($5,089/year) would earn an additional $156 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other New York Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in New York.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current NY 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 York 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 York 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 York 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 York
At NY’s top money market rate of 4.00% from UFirst Federal Credit Union, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median New York earner is roughly $12,700. At 3.060% APY in a money market account, saving $1,060/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountNew York’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 York earner makes $50,891/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 York 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 York 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 York. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in NY.
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 York
What is a Money Market Account (MMA)?
Are Money Market accounts in New York safe?
How often do MMA rates change in New York?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in New York?
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 York for money market accounts?
Best Money Market Rates in New York
- UFirst Federal Credit Union
High-Yield Money Market Account: 4.00% APY - Piermont Bank
Business Money Market Account: 3.75% APY - The Upstate National Bank
Business Money Market Deposit Account: 3.70% APY - Apple Bank for Savings
Apple Choice Money Market Account Preferred Rate: 3.55% APY - Citizens Bank
Citizens Private Client Money Market: 3.50% APY
Cities in New York
