Best Money Market Rates in Philadelphia, Pennsylvania - July 2026
Brian McKay
Brian McKay
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Current Philadelphia, Pennsylvania and the surrounding area money market deposit account rates include TruistTruist9 W Evergreen Ave, Philadelphia, PA 19118A+5.0 ★Texas Ratio: 3.63% Small Business Money Market Account at 4.00% APY, 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 at 3.55% APY, and Citizens BankCitizens Bank1027 Arch St, Philadelphia, PA 19107A5.0 ★Texas Ratio: 8.28% Citizens Private Client Money Market at 3.50% APY. Money market rates as of July 12, 2026 according to verified data from MonitorBankRates.
Philadelphia has 24 local institutions in our database, with money market rates as high as 4.00% APY from Truist at 9 W Evergreen Ave, Philadelphia, PA 19118. 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: July 12, 2026
Compare the Best Money Market Rates Today in Philadelphia, Pennsylvania & the Surrounding Area
Eligible clients can open a new Truist Business Money Market Account and earn up to 4.00% annual percentage yield (APY) for balances between $5,000 - $4,999,999.99.
For a deposit balance of $50,000 or greater
Preferred rates; Must have a Citizens Private Client® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
Preferred rates; Requires a Citizens Quest® Checking account; A minimum of $25,000 of new money is required to qualify for preferred rates.
For a deposit balance up to $49,999.99
Annual Percentage Yield (APY) is effective as of July 11, 2026 on balances of $100,000 or greater and is subject to change. Other tiers and APYs that are subject to change at any time are as follows: $0.01 - $9,999.99 = 0.03%, $10,000 - $24,999.99 = 1.50%, $25,000 - $49,999.99 = 1.75%, $50,000 - $99,999.99 = 2.00% and $100,000+ = 3.00%. Fees assessed to accounts may reduce earnings. Personal Accounts only.
Special APY requires $50,000 minimum balance.
See Details; (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 exceeding $15,000. Self-service transfers allowed! Gain full control over your money market balance Transfer funds within our mobile app and online banking applications
Balances $15,000 or more
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. 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.
Balances $5,000-$14,999
Balances between $5,001 - $15,000. No self-service transfers permitted.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. 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.
See Details
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. 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.
See Details
Annual Percentage Yield (APY) is effective as of July 11, 2026 on balances of $100,000 or greater and is subject to change. Other tiers and APYs that are subject to change at any time are as follows: $0.01 - $9,999.99 = 0.03%, $10,000 - $24,999.99 = 1.50%, $25,000 - $49,999.99 = 1.75%, $50,000 - $99,999.99 = 2.00% and $100,000+ = 3.00%. Fees assessed to accounts may reduce earnings. Personal Accounts only.
Balances $1,000-$4,999
Balances between $1,000 - $5,000. No self-service transfers permitted.
Balances $50,000 and over
See Details
Annual Percentage Yield (APY) is effective as of July 11, 2026 on balances of $100,000 or greater and is subject to change. Other tiers and APYs that are subject to change at any time are as follows: $0.01 - $9,999.99 = 0.03%, $10,000 - $24,999.99 = 1.50%, $25,000 - $49,999.99 = 1.75%, $50,000 - $99,999.99 = 2.00% and $100,000+ = 3.00%. Fees assessed to accounts may reduce earnings. Personal Accounts 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.
Annual Percentage Yield (APY) is effective as of July 11, 2026 on balances of $100,000 or greater and is subject to change. Other tiers and APYs that are subject to change at any time are as follows: $0.01 - $9,999.99 = 0.03%, $10,000 - $24,999.99 = 1.50%, $25,000 - $49,999.99 = 1.75%, $50,000 - $99,999.99 = 2.00% and $100,000+ = 3.00%. Fees assessed to accounts may reduce earnings. Personal Accounts 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.
No Commitments. Withdraw anytime. The more you deposit, the higher your rate. 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.
FedPerks = FedPerks Members earn an .10% bonus when they are part of the program. Dividends Compounded and Credited: Monthly Balance Method: Average Daily Balance, Limitations: Refer to Membership and Account Agreement including Disclosures. Fees: Refer to Service Fees. Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account. All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration(NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
See Details
See Details
FedPerks = FedPerks Members earn an .10% bonus when they are part of the program. Dividends Compounded and Credited: Monthly Balance Method: Average Daily Balance, Limitations: Refer to Membership and Account Agreement including Disclosures. Fees: Refer to Service Fees. Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account. All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration(NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
FedPerks = FedPerks Members earn an .10% bonus when they are part of the program. Dividends Compounded and Credited: Monthly Balance Method: Average Daily Balance, Limitations: Refer to Membership and Account Agreement including Disclosures. Fees: Refer to Service Fees. Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account. All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration(NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
FedPerks = FedPerks Members earn an .10% bonus when they are part of the program. Dividends Compounded and Credited: Monthly Balance Method: Average Daily Balance, Limitations: Refer to Membership and Account Agreement including Disclosures. Fees: Refer to Service Fees. Any APY (Annual Percentage Yield) provided in this disclosure assumes dividends will remain on deposit until maturity for accounts with terms, or for at least one year for accounts with no terms. A withdrawal will reduce earnings. Rates for variable-rate accounts are in effect through the period disclosed. See your account disclosure for additional information about your account. All rates subject to change without notice. Please call the Credit Union to confirm posted rates. Your savings are insured up to $500,000. The first $250,000 per member is insured by the National Credit Union Administration(NCUA), a U.S. Government Agency, with an additional $250,000 of coverage provided by Excess Share Insurance Corporation (ESI), a private corporation.
APY = Annual Percentage Yield. Read Full Disclosures.
MVP Rate/APY: 1.00%
MVP Rate/APY: 0.90%
MVP Rate/APY: 0.85%
APY = Annual Percentage Yield. Read Full Disclosures.
MVP Rate/APY: 0.80%
APY = Annual Percentage Yield. Read Full Disclosures.
APY = Annual Percentage Yield. Read Full Disclosures.
Standard rates; Must have a Citizens Private Client® Checking account.
Introductory rate for the first six months.
Save more with rates up to 3.50% APY and still have flexible access to your money.
As Low As; Make more of your money. Earn as much as 3.45 % APY
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 fell 0.244 points over the past 7 days to 3.046% APY.
Pennsylvania standard MMA rates rose 0.126 points over the past 7 days to 0.704% 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
- Truist
Small Business Money Market Account — 4.00% APY - 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 — 3.55% APY - Citizens Bank
Citizens Private Client Money Market — 3.50% APY
Philadelphia, Pennsylvania Rates & Resources
