Best Jumbo Money Market Rates Today: Top APYs for Large Balances
Written by
Sarah Sharkey
Edited by
Joe Evans
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If you’re sitting on a large cash balance, jumbo money market accounts can offer a meaningful upgrade over standard savings while keeping your money accessible. These accounts typically reserve their best rates for balances of $100,000 or more and are designed for savers who want safety, liquidity and competitive yield in one place.
Right now, jumbo money market rates remain well above traditional bank averages, making them a popular choice for households parking funds between investments, preparing for major expenses, or managing excess cash.
Jumbo Money Market Accounts — At a Glance
Institution Typical Jumbo APY* Balance Needed Risk Profile Why It Stands Out First Internet Bank Up to about 4%+ $1,000,000+ Low Strong jumbo tiers with low minimum to open CFG Bank Around about 4% $250,000+ Low Competitive jumbo yields on large balances Quontic Bank Around about 4% $100,000+ Low Accessible jumbo tier with simple structure Vio Bank High-3% to about 4% $500,000+ Low Consistent focus on high-balance savers Sallie Mae Bank High-3% range $100,000+ Low Jumbo option from a well-known institution Quick takeaway: Jumbo MMAs reward very large balances with higher yields while preserving daily access and federal deposit insurance.
*APYs vary by balance tier and can change at any time. Always confirm current terms directly with the bank.
What Is a Jumbo Money Market Account?
A jumbo money market account is a deposit account that pays higher interest in exchange for maintaining a large balance, often $100,000 or more. Like standard money market accounts, they typically allow easy transfers and may offer check-writing or debit access.
Because these are deposit accounts, funds are generally insured up to applicable federal limits per depositor and ownership category when held at insured institutions.
Best Jumbo Money Market Rates Right Now
Rates change frequently, but jumbo accounts continue to cluster in the high-3% to low-4% APY range for qualifying balances. The strongest offers usually require six- or seven-figure balances to unlock the top tier.
Below are jumbo money market accounts that consistently rank among the most competitive based on current bank disclosures:
First Internet Bank
First Internet Bank is known for aggressive jumbo tiers that reward very large balances. The bank’s top APY typically applies only to balances above $1 million, while smaller balances earn lower, tiered rates. This account appeals to high-net-worth savers who want yield without locking up funds.
CFG Bank
CFG Bank frequently offers competitive jumbo yields on balances starting in the mid-six-figure range. Its money market structure emphasizes fewer bells and whistles in exchange for strong interest rates, making it attractive for pure cash parking strategies.
Quontic Bank
Quontic’s jumbo money market option often provides one of the more accessible entry points for large-balance savers. With a lower jumbo threshold than many peers, it suits investors who want a strong yield without committing seven figures.
Vio Bank
Vio Bank focuses heavily on rate-sensitive customers and often posts competitive jumbo tiers. While minimum balances for the best rates can be high, the account is designed for savers prioritizing yield over branch access.
Sallie Mae Bank
Sallie Mae’s jumbo money market option offers solid yields for large balances, though typically a step below the absolute top tier. It can be a fit for customers who value a familiar banking brand while still earning above-average interest.
Who Jumbo Money Market Accounts Are Best For
Best Fit
- Savers holding $100,000 or more in cash
- Investors temporarily parking funds between opportunities
- Households preparing for large purchases or tax payments
- Anyone prioritizing liquidity plus safety
Less Ideal
- Savers below jumbo balance thresholds
- Those who don’t want to track tier requirements
- Investors willing to lock money into CDs or bonds for certainty
Jumbo Money Market vs Other Cash Options
Jumbo MMA vs High-Yield SavingsHigh-yield savings accounts can offer similar rates with much lower minimums, but jumbo MMAs may edge them out at very large balances.
Jumbo MMA vs CDsCertificates of deposit can pay comparable or higher yields, but funds are locked in. Jumbo MMAs trade some yield for flexibility.
Jumbo MMA vs Treasury BillsTreasury bills offer government backing and competitive yields but require brokerage access and reinvestment planning.
Final Take to GO
Jumbo money market accounts remain one of the most flexible ways to earn competitive interest on large cash balances. While they require substantial minimums, the combination of higher yield, daily access, and deposit protection makes them a strong fit for short- to medium-term cash management.
The key is confirming tier thresholds and comparing how much extra yield you earn relative to simpler alternatives.
Jumbo Money Market Rates FAQ
- What balance qualifies as a jumbo money market account?
- Most jumbo money market accounts require balances of $100,000 or more, with the highest rates often reserved for six- or seven-figure deposits.
- Are jumbo money market accounts insured?
- Yes. When held at insured institutions, deposits are generally protected up to applicable federal limits per depositor and ownership category.
- Do jumbo money market rates change often?
- Yes. Rates are variable and can change at any time based on market conditions and bank pricing decisions.
- Is a jumbo money market better than a CD?
- A jumbo money market offers flexibility and access, while CDs may pay more if you can lock up funds for a fixed term.
- Who should avoid jumbo money market accounts?
- Savers without large balances or those seeking guaranteed fixed returns may find other cash options more suitable.
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 Jan. 9, 2026.
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- Consumer Financial Protection Bureau. 2023. "What is a money market account?"
