Memphis, Tennessee Money Market Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current Memphis, Tennessee and the surrounding area money market deposit account rates include U TU T910 Madison Ave, Memphis, TN 38103A+5.0 ★Texas Ratio: 1.45%Real return: +1.05%APY minus 2.8% CPI (February 2026) Business Money Market at 3.85% APY, Orion Federal Credit UnionOrion Federal Credit Union3155 Millbranch Rd, Memphis, TN 38116 1917A+5.0 ★Texas Ratio: 2.33%Real return: +0.70%APY minus 2.8% CPI (February 2026) Premium Money Market at 3.50% APY, FedEx Employees Credit Association Federal Credit UnionFedEx Employees Credit Association Federal Credit Union3670 Hacks Cross Rd, Memphis, TN 38125A5.0 ★Texas Ratio: 5.77%Real return: -1.05%APY minus 2.8% CPI (February 2026) Money Market at 1.75% APY, Firefighters First Federal Credit UnionFirefighters First Federal Credit Union5150 Stage Rd Ste 102, Memphis, TN 38134 3169A+5.0 ★Texas Ratio: 1.51%Real return: -1.05%APY minus 2.8% CPI (February 2026) Business Money Market Accounts at 1.75% APY, and LG&W Federal Credit UnionLG&W Federal Credit Union1616 Whitten Rd, Memphis, TN 38134A+5.0 ★Texas Ratio: 0.43%Real return: -1.30%APY minus 2.8% CPI (February 2026) Money Market at 1.50% APY. Money market rates as of August 31, 2026 according to verified data from MonitorBankRates.
Memphis has 11 local institutions in our database, with money market rates as high as 3.85% APY from U T at 910 Madison Ave, Memphis, TN 38103. Use the table below to compare all available offers, including options from institutions serving the broader Tennessee area. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Memphis, Tennessee and surrounding area. Last Updated and Verified: August 31, 2026
Compare the Best Money Market Rates Today in Memphis, Tennessee & the Surrounding Area
FOR BALANCES OVER $100,000. Earn dividends on balances over $100,000. No monthly service fee
Balance: $75,000.00 - $99,999.99
Balance: $50,000.00 - $74,999.99
Balance: $2,500.00 - $49,999.99
($0.01 - $49,999.99 / $50,000 & Above)
No Penalty
$50,000
No Penalty
Qualifications Required: recurring monthly $500 Direct Deposit; with recurring monthly $500 Direct Deposit
Balance: $50 average daily balance; compounded monthly
Interest rates and APYs are accurate as of 09/23/2025 and are subject to change without notice at any time, including after the account is opened.; Fees may reduce earnings.; Minimum Daily Balance: $2,500.00
Qualifications Required: maintain a balance of $50,000 in a business checking account or a business loan(s) minimum balance of $250,000. Business credit cards do not qualify toward the business loan balance.; Subject to Change Daily
Qualifications Required: 15 debit and/or credit card monthly combined transactions; minimum $2,000 average daily balance or cumulative $1,000 monthly direct deposit; Subject to Change Daily
Balances greater than $1MM earn an interest rate of 3.25% with an APY of 3.30%. Fees may reduce earnings.
Balances of $500,001 - $1MM earn an interest rate of 2.75% with an APY of 2.78%. Fees may reduce earnings.
Interest rates and APYs are accurate as of 09/23/2025 and are subject to change without notice at any time, including after the account is opened.; Fees may reduce earnings.; Minimum Daily Balance: $2,500.00
Balances of $250,001 - $500,000 earn an interest rate of 2.20% with an APY of 2.22%. Fees may reduce earnings.
Interest rates and APYs are accurate as of 09/23/2025 and are subject to change without notice at any time, including after the account is opened.; Fees may reduce earnings.; Minimum Daily Balance: $2,500.00
A tiered rate account with unlimited deposits and limited withdrawals.
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.
Memphis, TN Money Market Rate Trends
Compare local Memphis, TN 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.
Tennessee high-yield MMA rates fell 0.267 points over the past 7 days to 3.036% APY.
Tennessee standard MMA rates rose 0.201 points over the past 7 days to 0.746% APY.
Memphis, Tennessee Money Market Rate Forecast — Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current TN 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 TN high-yield money market average of 3.036% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; money market institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online money market rates tend to adjust faster than standard branch-based MMA rates, and jumbo-tier rates often adjust first.
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 Memphis, Tennessee.
Money Market Account Earnings in Memphis, Tennessee
Annual interest earnings at current TN 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 (3.036% APY) | Monthly Earnings | Standard MMA (0.746% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $303.64 / year | $25.30 | $74.55 / year | $6.21 |
| $25,000 | $759.10 / year | $63.26 | $186.38 / year | $15.53 |
| $50,000 | $1,518.20 / year | $126.52 | $372.75 / year | $31.06 |
| $100,000 | $3,036.40 / year | $253.03 | $745.50 / year | $62.13 |
| 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: Memphis, Tennessee money market rate averages as of September 2, 2026. | ||||
About Our Memphis, Tennessee Money Market Rate Database
MonitorBankRates found 11 institutions with branches in Memphis (3 banks, 8 credit unions), plus 29 additional state-chartered and national online institutions available to Memphis residents. 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: U T offers a money market account at 3.85% APY. Use the rate table above to compare all current offers in Memphis, Tennessee.
How to Find the Best Money Market Rates in Memphis, Tennessee
What to compare when shopping for a money market account in Memphis, Tennessee
To find the best money market APYs in Memphis, Tennessee, start with credit unions and online-only banks — Memphis, Tennessee has 29 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 TN high-yield money market average is 3.036% — but top local institutions are offering as high as 3.85%, 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. Memphis, Tennessee high-yield money market rates currently average 3.036% 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 Memphis, Tennessee institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 40 institutions in Memphis, Tennessee 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 → Memphis, Tennessee CD rates
- You don’t need check writing and want a lower minimum → Memphis, Tennessee savings rates
- You need daily transaction access → Memphis, Tennessee checking rates
Memphis, Tennessee Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
14.4% of residents are 65 or older — below the national average of 17.3%; an unemployment rate of 8.3% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s TN high-yield money market average of 3.036%, saving 10% of the local median salary ($3,662/year) would earn an additional $111 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Memphis, Tennessee Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Memphis, Tennessee.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current TN Avg APY | 3.036% | View Savings Rates | 0.746%(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 | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Memphis, Tennessee averages tracked in our database as of September 2, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Memphis, Tennessee 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 Memphis, Tennessee 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 Memphis, Tennessee
At TN’s top money market rate of 3.85% from U T, a $10,000 deposit earns $385 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Memphis, Tennessee earner is roughly $9,200. At 3.036% APY in a money market account, saving $760/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountTennessee’s high-yield money market average is 3.036% 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 Memphis, Tennessee earner makes $36,624/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 3.036% APY.
Retirement PlannerA $25,000 money market balance earning 3.036% APY grows to roughly $45,473 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 Memphis, Tennessee 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 Memphis, Tennessee 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 Memphis, Tennessee. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in TN.
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 Memphis, Tennessee
What is a Money Market Account (MMA)?
Are Money Market accounts in Memphis, Tennessee safe?
How often do MMA rates change in Memphis, Tennessee?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Memphis, Tennessee?
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 Memphis, Tennessee for money market accounts?
Best Money Market Rates in Memphis, Tennessee
- U T
Business Money Market — 3.85% APY - Orion Federal Credit Union
Premium Money Market — 3.50% APY - FedEx Employees Credit Association Federal Credit Union
Money Market — 1.75% APY - Firefighters First Federal Credit Union
Business Money Market Accounts — 1.75% APY - LG&W Federal Credit Union
Money Market — 1.50% APY
Memphis, Tennessee Rates & Resources
