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Jumbo Money Market Account Rates

by | Money Rates Columnist

Jumbo money market accounts, like jumbo savings accounts and certificates of deposit (CDs), require a high minimum to earn a higher rate of interest, usually $100,000 to open.

While you need a higher opening deposit for a jumbo money market account, you'll likely be rewarded with higher bank rates to grow your money. Another added benefit is deposits are insured by the Federal Deposit Insurance Corporation. Money market accounts are have FDIC insurance coverage up to $250,000 per depositor, per institution.

The national rate for jumbo money market accounts is 0.11%, according to the FDIC in the latest weekly rate update Jan. 3, 2017. This is higher than the national rate for jumbo savings accounts.

Jumbo money market accounts vs. Jumbo CDs

One advantage a jumbo money market account has over a jumbo CD is liquidity – your money is available at any time whereas money invested in a jumbo CD has to remain there for the term of the CD (6 months, 1 year, 5 years or longer) in order to avoid early withdrawal penalties. If you do withdraw money from a jumbo account, though, you may be subject to fees if the balance goes below $100,000.

Accessibility to your funds is another reason to choose a jumbo money market account for your deposits. A jumbo account may come with the ability to write checks – although not all banks offer this. As with any financial vehicle, be sure to look at all of the terms and conditions of an account before you deposit your money. 

Check the table below to research the best jumbo money market rates for your deposits.

 Account Type
 Amount
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Currently banking with:

Type: Savings

Minimum to earn APY $0

1.05%APY

Rates as of 4/23/2017
FDIC Insured

Advertiser Comments

  • Build your savings through great online savings rates

Type: MMA

Minimum to earn APY $10000

1.00%APY

Rates as of 4/23/2017
FDIC Insured

Advertiser Comments

  • Earn up to 1.00% APY, plus a $200 bonus when you open
  • 360 Money Market ℠
  • One of the Nations Top Rates Without Fees

Type: Savings

Minimum to earn APY $0

1.00%APY

Rates as of 4/23/2017
FDIC Insured

Advertiser Comments

  • Over 300 Years of Banking Experience
  • Simple Direct Deposit Capabilities
  • No Minimum Deposit & No Monthly Fees

Type: Savings

Minimum to earn APY $0

1.05%APY

Rates as of 4/23/2017
FDIC Insured

Advertiser Comments

  • Member FDIC
  • ID Theft Resolution Services

Type: Savings

Minimum to earn APY $0

0.95%APY

Rates as of 4/23/2017
FDIC Insured

Advertiser Comments

  • 100% U.S. Based Customer Service
  • No monthly minimum balance, no monthly fees
  • Open in Minutes

Type: Savings

Minimum to earn APY $25

0.01%APY

Rates as of 4/23/2017
FDIC Insured

Advertiser Comments

  • Earning customer trust & loyalty since the gold rush.
  • Enroll in Way2Save® for automatic savings.
  • Use account management tools to easily track your money.
USAA Bank
Minimum to earn APY $10,000
0.15% APY
Rates as of 2017-04-15
Comment
USAA Savings - Tier $10,000 - $24,999 - USAA Bank is a member based See morebank providing services to active and retired military personnel and their families. Most banking products are available to the general public. See website for details

Type: Savings

Learn More
TD Bank (Rate in NY)
Minimum to earn APY $10,000
0.15% APY
Rates as of 2017-04-15
Comment
TD Growth Money Market Tier $10,000 - $24,999 - Without Qualified Account Activity - See more $12 monthly fee waived with $2,000 minimum daily balance or if age 62 or over - Rate collected within: New York City, NY

Type: MMA

Learn More
PNC Bank (Rate in NY)
Minimum to earn APY $25,000
0.11% APY
Rates as of 2017-04-15
Comment
Premiere Money Market - $25,000 - $49,999 - $10 monthly fee waived with $1,000 average See moredaily balance - Rate collected within: 10017 (NY)

Type: MMA

Learn More
USAA Bank
Minimum to earn APY $5,000
0.10% APY
Rates as of 2017-04-15
Comment
USAA Savings - Tier $5,000 - $9,999 - USAA Bank is a member based See morebank providing services to active and retired military personnel and their families. Most banking products are available to the general public. See website for details

Type: Savings

Learn More
TD Bank (Rate in NY)
Minimum to earn APY $5,000
0.10% APY
Rates as of 2017-04-15
Comment
TD Growth Money Market Tier $5,000 - $9,999 - Without Qualified Account Activity - See more$12 monthly fee waived with $2,000 minimum daily balance or if age 62 or over - Rate collected within: New York City, NY

Type: MMA

Learn More
PNC Bank (Rate in NY)
Minimum to earn APY $10,000
0.09% APY
Rates as of 2017-04-15
Comment
Premiere Money Market - $10,000 - $24,999 - $10 monthly fee waived with $1,000 average See moredaily balance - Rate collected within:10017 (NY)

Type: MMA

Learn More
Union Bank
Minimum to earn APY $25,000
0.08% APY
Rates as of 2017-04-15
Comment
Money Market - Tier $25,000-$49,999 - Rate collected within: CA

Type: MMA

Learn More
TD Bank (Rate in NY)
Minimum to earn APY $0
0.05% APY
Rates as of 2017-04-15
Comment
TD Simple Savings - APY for all balances - Rate collected within: New York City, See moreNY

Type: Savings

Learn More
USAA Bank
Minimum to earn APY $0
0.05% APY
Rates as of 2017-04-15
Comment
USAA Savings - Tier $0 - $999 - USAA Bank is a member based See morebank providing services to active and retired military personnel and their families. Most banking products are available to the general public. See website for details

Type: Savings

Learn More
Union Bank
Minimum to earn APY $2,500
0.05% APY
Rates as of 2017-04-15
Comment
Money Market - Tier $2,500-$24,999 - Rate collected within: CA

Type: MMA

Learn More
USAA Bank
Minimum to earn APY $1,000
0.05% APY
Rates as of 2017-04-15
Comment
USAA Savings - Tier $1,000 - $4,999 - USAA Bank is a member See morebased bank providing services to active and retired military personnel and their families. Most banking products are available to the general public. See website for details

Type: Savings

Learn More
TD Bank (Rate in NY)
Minimum to earn APY $2,000
0.05% APY
Rates as of 2017-04-15
Comment
TD Growth Money Market Tier $2,000 - $4,999 - Without Qualified Account Activity - See more$12 monthly fee waived with $2,000 minimum daily balance or if age 62 or over - Rate collected within: New York City, NY

Type: MMA

Learn More
Citibank
Minimum to earn APY $10,000
0.04% APY
Rates as of 2017-04-19
Comment
Citibank Savings Plus - Rates apply to accounts opened online, in a branch or by See morecalling - APY for balances between $10,000 - $24,999.99 - Rate Collected within: NY

Type: MMA

Learn More
Citibank
Minimum to earn APY $25,000
0.04% APY
Rates as of 2017-04-19
Comment
Citibank Savings Plus - Rates apply to accounts opened online, in a branch or by See morecalling - APY for balances between $25,000 - $49,999.99 - Rate Collected within: NY

Type: MMA

Learn More
PNC Bank (Rate in NY)
Minimum to earn APY $1
0.03% APY
Rates as of 2017-04-15
Comment
Premiere Money Market - $1.00- $9,999.99 - Rate collected within: 10017 (NY)

Type: MMA

Learn More
TD Bank (Rate in NY)
Minimum to earn APY $1,000
0.03% APY
Rates as of 2017-04-15
Comment
TD Growth Money Market Tier $1,000 - $1,999 - Without Qualified Account Activity - See more$12 monthly fee waived with $2,000 minimum daily balance or if age 62 or over - Rate collected within: New York City, NY

Type: MMA

Learn More
TD Bank (Rate in NY)
Minimum to earn APY $0
0.03% APY
Rates as of 2017-04-15
Comment
TD Growth Money Market Tier - $0 - $999 - Without Qualified Account Activity See more- $12 monthly fee waived with $2,000 minimum daily balance or if age 62 or over - Rate collected within: New York City, NY

Type: MMA

Learn More
Fifth Third Bank
Minimum to earn APY $10,000
0.02% APY
Rates as of 2017-04-21
Comment
Standard Money Market - Tier $10,000 - $24,999 - Rate collected within: 60625 (IL)

Type: MMA

Learn More
Citibank
Minimum to earn APY $0
0.01% APY
Rates as of 2017-04-19
Comment
Citibank Savings Plus - Rates apply to accounts opened online, in a branch or by See morecalling - APY for balances below $10,000 - Rate Collected within: NY

Type: MMA

Learn More
Union Bank
Minimum to earn APY $2,500
0.01% APY
Rates as of 2017-04-15
Comment
Regular Savings - Tier $2,500-$9,999 - Rate collected within: CA

Type: Savings

Learn More
Union Bank
Minimum to earn APY $0
0.01% APY
Rates as of 2017-04-15
Comment
Regular Savings - Tier $0-$2,499 - Rate collected within: CA

Type: Savings

Learn More
Union Bank
Minimum to earn APY $10,000
0.01% APY
Rates as of 2017-04-15
Comment
Regular Savings - Tier $10,000-$24,999 - Rate collected within: CA

Type: Savings

Learn More
HSBC
Minimum to earn APY $1
0.01% APY
Rates as of 2017-04-18
Comment
HSBC Everyday Savings - APY for balances $1 and above - Stated rate is for See moreaccounts opened by phone

Type: Savings

Learn More
Fifth Third Bank
Minimum to earn APY $10,000
0.01% APY
Rates as of 2017-04-12
Comment
FifthThird Goal Setter Savings- Tier $10,000 - $24,999 - Rate collected within: 60625 (IL)

Type: Savings

Learn More
Union Bank
Minimum to earn APY $0
0.01% APY
Rates as of 2017-04-15
Comment
Money Market - Tier $0-$2,499 - Rate collected within: CA

Type: MMA

Learn More
Union Bank
Minimum to earn APY $25,000
0.01% APY
Rates as of 2017-04-15
Comment
Regular Savings - Tier $25,000-$49,999 - Rate collected within: CA

Type: Savings

Learn More
PNC Bank (Rate in NY)
Minimum to earn APY $1
0.01% APY
Rates as of 2017-04-15
Comment
Standard Savings - All balances - Rate collected within: 10017 (NY)

Type: Savings

Learn More
Fifth Third Bank
Minimum to earn APY $1
0.01% APY
Rates as of 2017-04-12
Comment
FifthThird Goal Setter Savings - Tier $0.01 - $9,999 - Rate collected within: 60625 See more(IL)

Type: Savings

Learn More
Fifth Third Bank
Minimum to earn APY $1
0.01% APY
Rates as of 2017-04-12
Comment
Fifth Third Standard Money Market Standard -Tier $0.01 - $9,999 - Rate collected within: See more60625 (IL)

Type: MMA

Learn More
Citibank
Minimum to earn APY $0
0.01% APY
Rates as of 2017-04-19
Comment
Citibank Savings - Basic Package - $4.50 monthly fee is waived with $500 minimum daily See morebalance

Type: Savings

Learn More
Ultima Bank
Minimum to earn APY $0
2.02% APY
Rates as of 2017-04-15
Comment
SMART Savings Account - for young adults 18 yrs or younger, withdrawals prior to 18th See morebirthday may result in a penalty

Type: Savings

Learn More
Dollar Savings Direct
Minimum to earn APY $0
1.25% APY
Rates as of 2017-04-21
Comment
Dollar Savings Account - apply online- must have a personal checking account in a US See morebank.

Type: Savings

Learn More
MyBankingDirect
Minimum to earn APY $5,000
1.15% APY
Rates as of 2017-04-19
Comment
MyBankingDirect Money Market Account - Rate earned on balances $5,000 and up - New money See moreonly.

Type: MMA

Learn More
iGOBanking
Minimum to earn APY $0
1.10% APY
Rates as of 2017-04-18
Comment
iGO Online Money Market

Type: MMA

Learn More
Salem Five Direct
Minimum to earn APY $0
1.10% APY
Rates as of 2017-04-15
Comment
eOne Savings - APY on balances up to $500,000. Companion account to eOne Checking, no See moreminimum balance, no monthly fees, free ATM card, Online applicants only, who do not have existing deposit accounts with Salem Five

Type: Savings

Learn More
SFGI Direct
Minimum to earn APY $1
1.06% APY
Rates as of 2017-04-15

Type: Savings

Learn More
Sallie Mae Bank
Minimum to earn APY $0
1.05% APY
Rates as of 2017-04-15
Comment
Nationwide - Apply online

Type: MMA

Learn More
AloStar Bank of Commerce
Minimum to earn APY $0
1.05% APY
Rates as of 2017-04-19
Comment
Limit of six transactions per month - apply online

Type: Savings

Learn More
CIT Bank
Minimum to earn APY $0
1.05% APY
Rates as of 2017-04-19
Comment
CIT Savings - APY for daily balances below $25,000 - apply online

Type: Savings

Learn More
Capital One 360
Minimum to earn APY $10,000
1.00% APY
Rates as of 2017-04-19
Comment
360 Money Market - Tier $10,000 or more

Type: MMA

Learn More
Dollar Bank Federal Savings Bank
Minimum to earn APY $0
1.00% APY
Rates as of 2017-04-21
Comment
Everything Savings - 1.00% APY on balances $20,000 and below when linked with an See moreEverything Checking Account. The rates require Everything Checking with six qualifying monthly posted payments for example: check, Online Banking bill payment, Telephone Banking bill payment, ACH debit, Point-of-Sale transactions (signature or PIN based).- Open online and mail in forms. Available in Pennsylvania, and Ohio market area. Rate collected within: 15222 (PA)

Type: Savings

Learn More
Ally Bank
Minimum to earn APY $0
1.00% APY
Rates as of 2017-04-19
Comment
Online Savings - Free online transactions, no monthly fees, no minimums - Apply online See more- Rate collected within: CA

Type: Savings

Learn More
Ultima Bank
Minimum to earn APY $1,000
1.00% APY
Rates as of 2017-04-15
Comment
UBM Direct Savings Account

Type: Savings

Learn More
iGOBanking
Minimum to earn APY $0
1.00% APY
Rates as of 2017-04-18
Comment
iGO Online Savings

Type: Savings

Learn More
UFB Direct
Minimum to earn APY $25,000
1.00% APY
Rates as of 2017-04-15
Comment
UFB Direct High-Yield Savings - Tier $25,000 and above - No monthly maintenance fee

Type: Savings

Learn More
Biscayne Bank
Minimum to earn APY $1
1.00% APY
Rates as of 2017-04-19
Comment
Regular Savings - Maintain $1,000 balance each day and avoid a $25 monthly maintenance fee See more- Miami-Dade County, Florida market area only

Type: Savings

Learn More
ableBanking
Minimum to earn APY $0
1.00% APY
Rates as of 2017-04-21
Comment
Money Market Savings - up to 6 withdrawals are permitted per month - apply online See more- a division of Northeast Bank based in Maine

Type: MMA

Learn More
Radius Bank
Minimum to earn APY $2,500
1.00% APY
Rates as of 2017-04-15
Comment
Radius High-Yield Savings - APY for balances $2,500 and above - apply online

Type: Savings

Learn More
SmartyPig
Minimum to earn APY $10,000
0.95% APY
Rates as of 2017-04-15
Comment
SmartyPig Savings - Tier $10,000.01 - $50,000

Type: Savings

Learn More

Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.

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