Best money market account rates today, September 25, 2025 (earn up to 4.4% APY)

Core Insights - The article discusses the current state of money market accounts (MMAs) and highlights the importance of earning competitive rates on savings as interest rates decline following recent Federal Reserve rate cuts [1][5]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.59%, but top rates can exceed 4% APY, comparable to high-yield savings accounts [3][8]. - Some banks are offering MMA rates above 4.50%, although rates above 7% are not available in the current market [8][9]. Group 2: Federal Reserve Rate Changes - The Federal Reserve maintained a target range for the federal funds rate of 5.25%–5.50% from July 2023 to September 2024, but subsequently cut the rate by 50 basis points in September 2024 and made additional cuts in November and December [4][5]. - As of the first rate cut of 2025, the federal funds rate is now at 4.00%-4.25%, leading to a decline in deposit account rates [5]. Group 3: Considerations for MMA - Money market accounts provide easy access to funds, often with check-writing capabilities or debit card access, making them suitable for those needing liquidity while earning better returns than traditional savings accounts [6][7]. - They are appealing for conservative savers due to FDIC insurance and principal protection, but may not be ideal for long-term savings goals that require higher-risk investments for better returns [7].