15 Best Jumbo Money Market Rates for 2025

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Savvy savers with lots of cash to stash are looking to jumbo money market accounts for good interest rates without a long-term commitment.

Unlike standard money market accounts, jumbo accounts often require a minimum deposit of $100,000 or more, but they reward you with higher interest rates in exchange for maintaining a significant balance. Read on to learn where you can find the best jumbo money market rates.

Best Jumbo Money Market Rates

Interest rates are changing all the time, so be sure to check rates when you’re ready to open your account. Here are some of the best jumbo money market rates for 2025:

HarborOne Bank

HarborOne Bank’s Platinum Money Market account pays APY on daily balances between $250,000 and $499,999.99. The rate applies to new money, so your funds will have to come from a different bank. You must have or open a HarborOne Bank checking account as well.

HarborOne Bank has 30 locations in Massachusetts and Rhode Island and offers online banking.

First Internet Bank

First Internet Bank has a Money Market Savings account that pays APY on balances over $1,000,000. If you don’t have quite that much, lower balances earn APY, and you can avoid the monthly maintenance fee with an average daily balance of $4,000. The account also comes with an ATM card and ATM fee rebates of up to $10 per month.

State Bank of Texas

State Bank of Texas has an interest rate of APY on its Jumbo Money Market account. There’s a $100,000 minimum deposit to open the account, and you must maintain that amount to earn interest.

The monthly service charge of $20 is waived as long as you have an average daily balance of $25,000. Your deposit must be new money, meaning you can’t move funds from another State Bank of Texas account and get that rate.

CFG Bank

CFG Bank offers APY on its High Yield Money Market account that you can open online or in one of its branches in Maryland. The minimum deposit and minimum daily balance to earn interest is just $1,000. This account is a bit limited as it does not come with check-writing privileges.

All America Bank

All America Bank has a Mega Money Market checking account that pays APY on balances up to $100,000. Balance amounts over $100,000 earn a much lower rate. The minimum opening deposit is $500. You are limited to six free withdrawals or transfers made in person or at ATMs per month. After that, you’ll be charged $5 for each transaction.

UFB Direct

The UFB Portfolio Money Market account currently pays APY on any balance amount. You can waive the $10 monthly maintenance fee by maintaining a $5,000 balance. UFB Direct is online only, so you’ll need to make your transactions electronically. Banking services are offered through Axos Bank, which is FDIC insured.

Discover Bank Money Market Account

The Discover Bank Money Market Account currently pays APY on balances over $100,000. If you have less than $100,000 in the account, you’ll earn APY. The account doesn’t come with any monthly maintenance fees. But it does offer a debit card for easy spending from the account.

Quontic Money Market Account

Quontic’s Money Market Account offers a APY on all balances. Through the account, you’ll have access to a free debit card and check-writing privileges. Interest is compounded daily and paid to your account monthly. The funds are FDIC insured, which means your funds are protected up to $250,000.

Vio Bank Cornerstone Money Market Savings Account

Once you open Vio Bank‘s Cornerstone Money Market Savings Account with at least $100, your funds will start to earn APY. The funds are FDIC insured and the account doesn’t come with a monthly fee.

Sallie Mae Online Money Market Account

Sallie Mae‘s Online Money Market Account is available to savers without a minimum balance requirement. It pays APY on all balances. You can manage the funds online or write checks directly from the account without dealing with a monthly maintenance fee. The account comes with FDIC insurance.

Ally Bank Money Market Account

Ally Bank‘s Money Market Account doesn’t require a minimum balance to open. Once you tuck funds into this account, they will grow at APY. You can manage the account online or make unlimited ATM withdrawals to access your funds.

ZYNLO Money Market Savings Account

ZYNLO’s Money Market Savings Account currently offers APY on all balances. You won’t face a monthly fee or minimum balance requirement through this account. As a division of PeoplesBank, the funds are FDIC-insured.

EverBank Performance Money Market

EverBank’s Performance Money Market account currently offers APY on all balances. Once you have funds in the account, you can access them online, with your debit card, or through your check-writing privileges. As with all of the accounts on this list, the funds are FDIC-insured.

First Foundation Online Money Market Account

If you are looking for a financial institution with a physical footprint and attractive rates, First Foundation might work for you. It offers 31 locations to help you sort through any money management issues. But you’ll start by opening this Online Money Market Account online. The online account currently offers APY on balances of at least one penny.

TotalBank Money Market Account

You can open a TotalBank Money Market Account with at least $25,000. From there, the account currently earns APY on balances of at least $2,500. Although there isn’t a monthly fee, you can encounter an excessive transaction fee of $10 if you make more than six withdrawals in a month.

How To Choose the Best Jumbo Money Market Account

When deciding on the best jumbo money market account, consider these factors:

• APY: Compare interest rates across multiple banks to ensure you are earning the most on your deposit. Higher balances often qualify for better rates.
• Minimum deposit requirements: Be aware of the initial deposit needed and the balance requirement to maintain account benefits.
• Withdrawal limits: Some account limit how many times you can withdraw money. Make sure you look for accounts with minimal restrictions or no monthly fees.
• FDIC insurance: Verify the account is FDIC insured to protect your deposits.
• Features and accessibility: Will you need to write checks against your account balance? Do you need ATM access? These are features to check for.

Alternatives to Jumbo Money Market Accounts

Some banks offer high-yield savings accounts with rates that rival jumbo money market options. These accounts may have lower minimum balances and fewer transaction restrictions, but be sure to check the specific terms of the account you choose.

CIT Bank

CIT Bank offers a savings account called Savings Connect that pays APY on all balances, with a minimum opening deposit of just $100. There are no monthly service fees on this account. Make sure you’re opening a Savings Connect account, though – CIT Bank’s money market account pays just APY.

Citizens Access

Citizens Access is an internet-only bank that offers a high-yield online savings account paying APY. There are no monthly fees. Since Citizens Access has no branches, you’ll need to link your savings account to an account at another financial institution and transfer electronically.

LendingClub

LendingClub’s High-Yield Savings account pays APY on all balances. There are no minimum balances and no maintenance fees. And if you want a rate boost, you can earn APY by depositing at least $250 into the account each month.

The Bottom Line

Jumbo money market rates can vary widely from bank to bank, and banks change their rates frequently, especially as interest rates change. Keeping an eye on rates when you’re ready to open a new account can pay off in the long run.

Jacob Wade and Karen Doyle contributed to the reporting of this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of April 9, 2025.

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