Below are the highest yielding money market account rates serving citizens of the state of Oregon.
If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.
After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Oregon, we have found that in some instances you may be able to lock in more competitive rates with national institutions rather than local ones. Before committing to one of the banks/credit unions listed below, you may want to browse through our archive of money market accounts.
Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.
Top 2 money market rates in Oregon:
(click on the institution for more information)
- High Desert Bank: Bend, OR. Money market account yielding up to 1.61% APY with a minimum balance of $100,000. This account is set up in two tiers based on minimum balance. Anything between $100 – $99,999 will yield 1.31% APY and anything above the $100k threshold will yield 1.61% APY. You are entitled to 6 withdrawals per month anything more than that will incur a fee. You may also incur a fee if your account balance dips too low. High Desert Bank has just one location in Bend, Oregon. Contact: (541)848-4444.
- The Bank of Oswego: Lake Oswego, OR. Money market account yielding up to a whopping 2.22% APY if you can manage to keep a minimum balance of $150,000. Their personal and business money market account are set up in the exact same manner. They are both set up in 8 tiers. The tiers operate as follows: balance of between $0 and $2,499 yield 0.75% APY, balance of between $2,500 and $9,999 yield 1.0% APY, balance of between $10k and $24,999 yield 1.25% APY, balance of between $25k and $49,999 yield 1.35% APY, balance of between $50k and $99,999 yield 1.50% APY, balance of between $100k and $149,999 yield 2.0% APY and anything above $150k yield 2.22% APY. Their only branch resides in Lake View Village. Contact: (866) 875-4024
Both of the above institutions are federally insured by the FDIC. If you live in Oregon and know of a better money market rate offered through your local institution, please share by leaving a comment.