National Rate Cap: Money Market <100M
MMNRC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.08
Year-over-Year Change
-16.45%
Date Range
4/1/2021 - 7/1/2025
Summary
The National Rate Cap for Money Market accounts under $100 million represents the maximum interest rate banks can offer on these deposit products. This metric provides insight into short-term lending rates and overall monetary conditions.
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 tracks the ceiling for interest rates on money market accounts at financial institutions nationwide. Economists use it to understand banking sector dynamics and potential shifts in monetary policy.
Methodology
The rate is calculated by the Federal Reserve based on aggregated data from financial institutions across the United States.
Historical Context
Policymakers and financial analysts use this rate to assess liquidity, banking competitiveness, and short-term investment opportunities.
Key Facts
- Represents maximum allowable interest rates for money market accounts
- Applies to accounts with balances under $100 million
- Updated periodically to reflect current economic conditions
FAQs
Q: How often is the MMNRC rate updated?
A: The rate is typically updated weekly or monthly by the Federal Reserve to reflect current market conditions.
Q: Why do banks use a national rate cap?
A: Rate caps help regulate banking competition and prevent extreme interest rate fluctuations in the financial market.
Q: How does the MMNRC impact individual investors?
A: The rate provides a benchmark for money market account returns and helps investors compare different financial products.
Q: What factors influence the national rate cap?
A: Federal funds rate, inflation, economic growth, and overall monetary policy significantly impact the MMNRC.
Q: Are there limitations to this rate indicator?
A: The rate represents a national average and may not precisely reflect local or individual bank offerings.
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Related Trends
Treasury Yield: Rate Cap Adjusted: Money Market <100M
MMTYRCA
National Rate: 12 Month CD <100M
NDR12MCD
National Rate Plus 75 Bps: 12 Month CD <100M
NDRRCA12MCD
National Rate Plus 75 Bps: 36 Month CD <100M
NDRRCA36MCD
Treasury Yield: 60 Month CD <100M
TY60MCD
National Rate Plus 75 Bps: 60 Month CD <100M
NDRRCA60MCD
Citation
U.S. Federal Reserve, National Rate Cap: Money Market <100M [MMNRC], retrieved from FRED.
Last Checked: 8/1/2025