National Rate: Money Market <100M
MMNDR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-10.61%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate for Money Market Accounts under $100 Million (MMNDR) tracks the average interest rates paid by U.S. financial institutions on money market deposit accounts. This metric provides critical insight into short-term savings and investment rates for consumers and small businesses.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the weighted average interest rate for money market deposit accounts with balances less than $100 million across U.S. financial institutions. Economists and financial analysts use this rate to understand current liquidity conditions and short-term investment opportunities.
Methodology
The rate is calculated by the Federal Reserve through aggregating and averaging reported interest rates from a comprehensive sample of financial institutions nationwide.
Historical Context
Policymakers and investors use this rate as a key benchmark for understanding short-term financial market conditions and potential monetary policy implications.
Key Facts
- Represents average interest rates for money market accounts under $100 million
- Collected and reported by the Federal Reserve
- Provides insight into current financial market liquidity conditions
FAQs
Q: How often is the MMNDR rate updated?
A: The rate is typically updated weekly by the Federal Reserve, reflecting current market conditions and financial institution practices.
Q: Why are money market rates important for consumers?
A: Money market rates help consumers understand potential returns on short-term savings and compare investment options across different financial institutions.
Q: How does the MMNDR relate to Federal Reserve monetary policy?
A: The rate provides a snapshot of current financial market conditions that can influence and reflect broader monetary policy decisions.
Q: Can small businesses use this rate for financial planning?
A: Yes, small businesses can use the MMNDR to compare potential returns on short-term cash reserves and make informed treasury management decisions.
Q: What are the limitations of the MMNDR rate?
A: The rate represents an average and may not reflect specific rates offered by individual banks, and it can change rapidly based on economic conditions.
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Related Trends
National Rate Plus 75 Bps: 24 Month CD <100M
NDRRCA24MCD
Treasury Yield: 24 Month CD <100M
TY24MCD
Treasury Yield: Rate Cap Adjusted: 3 Month CD <100M
TYRCA3MCD
Treasury Yield: Rate Cap Adjusted: Money Market <100M
MMTYRCA
National Rate Cap: 60 Month CD <100M
NRC60MCD
Treasury Yield: Rate Cap Adjusted: 60 Month CD <100M
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Citation
U.S. Federal Reserve, National Rate: Money Market <100M [MMNDR], retrieved from FRED.
Last Checked: 8/1/2025