Best money market account rates today, October 22, 2025 (secure up to 4.26% APY)

Core Insights - The article discusses the current state of money market account (MMA) rates, highlighting the impact of recent Federal Reserve rate cuts on these rates [1][3][4] - It emphasizes the importance of finding competitive rates for savings as interest rates decline [1][5] 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 4.26%, significantly above the national average [8] Group 2: Federal Reserve Influence - Deposit account rates, including MMAs, are closely tied to the federal funds rate set by the Federal Reserve [3] - Following a series of rate cuts by the Fed, including a 50 basis point cut in September 2024 and subsequent cuts in November and December, money market rates have begun to decline [4] Group 3: Considerations for Savers - Money market accounts are attractive for savers seeking safety, liquidity, and better returns than traditional savings accounts [6] - Factors to consider when choosing an MMA include liquidity needs, savings goals, and risk tolerance [7]