Best money market account rates today, November 1, 2025 (best account provides 4.26% APY)

Core Insights - The national average money market account (MMA) rate is currently at 0.59%, a significant increase from 0.07% three years ago, indicating that MMA rates are historically high despite recent declines [2][5] - Some top MMA accounts are offering rates over 4% APY, suggesting that consumers should consider opening accounts now to benefit from these high rates before they potentially decrease [2][5] Money Market Account Rates Overview - The average MMA rate is 0.59%, which is still relatively high compared to historical data [2] - High-yield money market accounts can offer rates exceeding 4% APY, making them attractive options for savers [2][5] Interest Earnings Calculation - A $10,000 deposit in an MMA at the average rate of 0.59% would yield $59.17 in interest after one year, resulting in a total balance of $10,059.17 [5] - In contrast, a high-yield MMA at 4% APY would generate $408.08 in interest, leading to a total balance of $10,408.08 after one year [5] Frequently Asked Questions - Money market accounts may have more restrictions compared to traditional savings accounts, such as higher minimum balance requirements and limits on monthly withdrawals [6] - There are currently no banks offering a 7% interest rate on money market accounts, although some local banks and credit unions may have limited-time promotional rates that could reach this level [7]