Best Money Market Rates in Philadelphia, Pennsylvania - June 2026
Brian McKay
Brian McKay
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Current Philadelphia, Pennsylvania and the surrounding area money market deposit account rates include Parke BankParke Bank1610 Spruce St, Philadelphia, PA 19103A5.0 ★Texas Ratio: 6.65% Parke Select Personal or Business Money Market at 3.75% APY, Port Richmond SavingsPort Richmond Savings2522 E Allegheny Ave, Philadelphia, PA 19134A+5.0 ★Texas Ratio: 2.92% Money Market- Super Premium at 3.74% APY, Fulton BankFulton Bank50 S 16th St, Philadelphia, PA 19102A+5.0 ★Texas Ratio: 4.98% Money Market New Money at 3.55% APY, Citizens BankCitizens Bank1027 Arch St, Philadelphia, PA 19107A5.0 ★Texas Ratio: 8.28% Citizens Private Client® Money Market at 3.50% APY, and TruistTruist9 W Evergreen Ave, Philadelphia, PA 19118A+5.0 ★Texas Ratio: 3.63% Small Business Money Market Account at 3.25% APY. Money market rates as of June 23, 2026 according to verified data from MonitorBankRates.
Philadelphia has 30 local institutions in our database, with money market rates as high as 3.75% APY from Parke Bank at 1610 Spruce St, Philadelphia, PA 19103. Use the table below to compare all available offers, including options from institutions serving the broader Pennsylvania area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Philadelphia, Pennsylvania and surrounding area. Last Updated and Verified: June 23, 2026
Compare the Best Money Market Rates Today in Philadelphia, Pennsylvania & the Surrounding Area
APY of 3.75% for a deposit balance of $50,000 or greater
Balances $0-$999 earn 0.00% APY; $1,000 -$9,999 earn 0.40% APY; $10,000 or more earn 3.55% APY. Rate may change after account is opened.
A $10,000 deposit of new money is required.
Preferred rates require a minimum of $25,000 of new money. Standard rates: 0.15% APY.
Preferred rates require a minimum of $25,000 of new money. Standard rates: 0.03% APY.
APY of 3.50% for a deposit balance up to $49,999.99
Eligible clients can earn a 3.25% annual percentage yield (APY) with a new Truist Business Money Market account. Rates may vary based on branch location and whether you open an account in a branch, by phone or online. Interest earned is based on the following ledger balance tiers: Tier 1 - $0.01 to $4,999.99; Tier 2 - $5,000 to $99,999.99; Tier 3 - $100,000 to $499,999.99; Tier 4 - $500,000 to $999,999.99; Tier 5 - $1,000,000 to $4,999,999.99; Tier 6 - $5,000,000 or greater. Tiers 1-6 are eligible for this 3.25% Annual Percentage Yield (APY) variable rate offer. Your new Money Market Account could initially earn a rate lower than 3.25% APY. However, within 10 calendar days of account opening, your eligible account will automatically upgrade to the 3.25% APY rate. The standard interest rate and APY are 0.01% for balances $0.01 and greater. Fees may reduce earnings.
Balances of $100,000.00 and over
new money only
Dividends are paid and compounded monthly. Withdrawal restrictions apply. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts. Rate may change after the account is opened. A $10 monthly maintenance fee will be charged for Money Market Accounts with a daily balance below $1,000.
Balances $15,000 or more
Balances exceeding $15,000. Unlimited monthly withdraws, transfers, or deposits. Self-service transfers allowed! Gain full control over your money market balance Transfer funds within our mobile app and online banking applications
Balances of $50,000.00 to $99,999.99
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
Balances of $20,000.00 to $49,999.99
Dividends are paid and compounded monthly. Withdrawal restrictions apply. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts. Rate may change after the account is opened. A $10 monthly maintenance fee will be charged for Money Market Accounts with a daily balance below $1,000.
Balances of $500.00 to $4,999.99
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
Balances $5,000-$14,999
Balances between $5,001 - $15,000. Unlimited monthly withdraws, transfers, or deposits. No self-service transfers permitted.
Dividends are paid and compounded monthly. Withdrawal restrictions apply. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts. Rate may change after the account is opened. A $10 monthly maintenance fee will be charged for Money Market Accounts with a daily balance below $1,000.
Balances $1,000-$4,999
Balances between $1,000 - $5,000. Unlimited monthly withdraws, transfers, or deposits. No self-service transfers permitted.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
Dividends are paid and compounded monthly. Withdrawal restrictions apply. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts. Rate may change after the account is opened. A $10 monthly maintenance fee will be charged for Money Market Accounts with a daily balance below $1,000.
Qualifying balance up to $999,999.99
Dividends are paid and compounded monthly. Withdrawal restrictions apply. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts. Rate may change after the account is opened. A $10 monthly maintenance fee will be charged for Money Market Accounts with a daily balance below $1,000.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. $10,000 Minimum To Receive Promotional Rates. New Money Only. Available for Consumer & Business. To open a Business Account, visit your local branch or reach out to Commercial Lender. Annual Percentage Yield (APY) shown is accurate as of 12/15/2025. This is a limited time offer and may be discontinued without prior notice. Offer good for the initial term only. CD is automatically renewed for a 3-month term. The renewal rate is determined based on the published rate for the CD, excluding CD specials. Advertised rate and APY are offered at the bank's discretion and may change daily. Actual earnings may vary. $5,000 minimum and $1,000,000 maximum CD funding amount is required with funds not currently on deposit at OceanFirst Bank. Fees may reduce earnings. A penalty may be imposed for early withdrawal. IRA eligible. Additional restrictions may apply.
MVP Rate/APY: 1.10%/1.10%
APY = Annual Percentage Yield. Read Full Disclosures. Money Market rates are variable and may change after account opening.
MVP Rate/APY: 1.00%/1.00%
MVP Rate/APY: 0.95%/0.95%
MVP Rate/APY: 1.00%
MVP Rate/APY: 0.90%
Standard rates. Must have a Citizens Private Client® Checking account.
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.
Philadelphia, PA Money Market Rate Trends
Compare local Philadelphia, PA 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.
Pennsylvania high-yield MMA rates currently average 3.338% APY.
Pennsylvania standard MMA rates fell 0.007 points over the past 7 days to 0.592% APY.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Philadelphia, Pennsylvania 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 Philadelphia, Pennsylvania 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 Philadelphia, Pennsylvania. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in PA.
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 Philadelphia, Pennsylvania
What is a Money Market Account (MMA)?
Are Money Market accounts in Philadelphia, Pennsylvania safe?
How often do MMA rates change in Philadelphia, Pennsylvania?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Philadelphia, Pennsylvania?
Best Money Market Rates in Philadelphia, Pennsylvania
- Parke Bank
Parke Select Personal or Business Money Market — 3.75% APY - Port Richmond Savings
Money Market- Super Premium — 3.74% APY - Fulton Bank
Money Market New Money — 3.55% APY - Citizens Bank
Citizens Private Client® Money Market — 3.50% APY - Truist
Small Business Money Market Account — 3.25% APY
Philadelphia, Pennsylvania Rates & Resources
