Best money market account rates today, October 5, 2025 (best account provides 4.4% APY)

Core Insights - The Federal Reserve has cut its target rate three times in 2024 and recently for the first time in 2025, leading to a decline in deposit rates, including money market account (MMA) rates [1] - The national average MMA rate is currently at 0.59%, while some top accounts offer rates of 4% APY and higher, suggesting a potential opportunity for consumers to maximize earnings by opening accounts now [2][3] Group 1 - The average interest rate for money market accounts is 0.59%, with some accounts offering rates as high as 4% APY [2] - Interest earned from a money market account is determined by the annual percentage rate (APY) and the frequency of compounding, which is typically daily [3] - A $1,000 deposit at the average rate of 0.59% would yield $5.92 in interest after one year, while a 4% APY account would yield $40.81 [4] Group 2 - Higher deposits in a money market account lead to greater earnings; for example, a $10,000 deposit at 4% APY would result in $408.08 in interest after one year [5]