Below are the highest yielding money market account rates serving citizens of the state of Idaho.
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 Idaho, we have found that in many instances you will lock in more competitive rates with national institutions rather than local ones (if you are eligible). Before committing to one of the banks/credit unions listed below, you may want to browse through our national money market rates tables.
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 MMA (money market account) rates in Idaho:
(click on the institution for more information)
- Potlatch No. 1 Federal Credit Union: Lewiston, ID. Money market rate yielding 1.11% APY with a balance of between $500 and $100k. They actually have this money market account set up in three tiers, however each tier is currently providing the same interest rate. You may become a member of Potlatch No.1 Federal Credit Union if you live, regularly work, attend school, worship, perform volunteer services, or participate in associations headquartered in one of the following Idaho or Washington Counties: Clearwater, Benewah, Bonner, Boundary, Idaho, Kootenai, Latah, Lewis, Nez Perce, Shoshone, Valley, Asotin or Whitman. Contact: (208) 746-8900
- East Idaho Credit Union: Idaho Falls, ID. Money market savings account yielding up to 1.75% APY depending on your minimum balance. This account, like many money market accounts, is set up in three tiers. The first tier yields 1.0% APY with a minimum balance of between $2500 and $19,999. The second tier yields 1.25% APY with a minimum balance of between $20k to $74,999 and the final tier yeilds 1.75% APY on all balances above $75k. Membership is open to all employees who reside in, work in, are headquartered in or are paid from the Idaho counties of Bonneville, Butte, Custer, Lemhi, Clark, Fremont, Madison, Teton, and Jefferson and within a 25 mile radius of the City of Shelley. Family members of eligible members of East Idaho Credit Union and persons retired as pensioners or annuitants from the above occupational categories are also eligible. Contact: (800) 528-2273
Both of the above institutions are federally insured by either the NCUA. If you live in Idaho and know of a better money market rate offered through your local institution, please share by leaving a comment.