Best money market account rates today, November 8, 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][4] - Some top MMA accounts are offering rates over 4% APY, suggesting a potential opportunity for consumers to maximize earnings by opening accounts now [2][5] Group 1: Current Rates and Historical Context - The national average MMA rate is 0.59%, up from 0.07% three years ago, reflecting a notable increase in rates over time [2] - Certain high-yield MMA accounts are currently offering rates exceeding 4% APY, which may not last long, prompting a recommendation to open accounts to take advantage of these rates [2][5] Group 2: Earnings Potential - A $10,000 deposit in an MMA at the average rate of 0.59% with daily compounding would yield a total of $10,059.17 after one year, resulting in $59.17 in interest [5] - Conversely, a high-yield MMA offering 4% APY would grow the same $10,000 to $10,408.08 in one year, generating $408.08 in interest [5] Group 3: Account Features and Limitations - Money market accounts may have more restrictions compared to traditional savings accounts, including higher minimum balance requirements and limits on monthly withdrawals [6]