Best money market account rates today, November 22, 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 accounts are offering rates over 4% APY, suggesting that consumers should consider opening a money market account to capitalize on these high rates before they potentially decrease [2][5] Summary by Sections Money Market Account Rates Overview - The national average MMA rate is 0.59% as reported by the FDIC, which is a notable rise from 0.07% three years ago, reflecting a historical high [2] - Certain high-yield accounts are currently providing rates exceeding 4% APY, prompting a recommendation for consumers to open accounts now to benefit from these rates [2] Interest Earnings from Money Market Accounts - The interest earned from a money market account is contingent on the annual percentage rate (APY), which accounts for total earnings after one year, including base interest and compounding frequency [4] - For a $10,000 deposit at the average rate of 0.59% with daily compounding, the balance would increase to $10,059.17 after one year, yielding $59.17 in interest [5] - Conversely, a high-yield MMA offering 4% APY would grow the same deposit to $10,408.08, resulting in $408.08 in interest over the same period [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, typically capped at six [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, often applicable to limited balances [7]