Best money market account rates today, September 10, 2025 (secure up to 4.41% APY)

Core Insights - The article discusses the current state of money market account (MMA) rates, highlighting the importance of finding competitive rates as interest rates decline following recent Federal Reserve cuts [1][4]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.59%, while top rates can exceed 4% APY, comparable to high-yield savings accounts [2]. - TotalBank currently offers the highest MMA rate at 4.41%, which is over seven times the national average [7]. Group 2: Impact of Federal Reserve Actions - Money market account rates are closely linked to the federal funds rate, which influences deposit account rates [3]. - The Federal Reserve maintained a target range of 5.25%–5.50% until September 2024, after which it cut the federal funds rate by 50 basis points, followed by two additional cuts of 25 basis points each in November and December [4]. Group 3: Considerations for Savers - Money market accounts are attractive for savers due to their combination of safety, liquidity, and better returns compared to traditional savings accounts [5]. - Factors influencing the decision to invest in an MMA include liquidity needs, short-term savings goals, and risk tolerance [6].