Best money market account rates today, November 25, 2025 (Earn up to 4.26% APY)

Core Insights - Money market accounts (MMAs) offer higher interest rates compared to traditional savings accounts, along with liquidity and flexibility, making them suitable for long-term savings that may be accessed for purchases or bills [1] - The national average interest rate for MMAs is currently 0.59%, but top accounts can offer rates above 4% APY, similar to high-yield savings accounts [3][13] - Historical fluctuations in MMA rates are largely influenced by changes in the Federal Reserve's target interest rate, with significant drops following the 2008 financial crisis and the COVID-19 pandemic [4][5][6] Interest Rate Trends - Following the 2008 financial crisis, MMA rates fell to between 0.10% and 0.50% due to the Fed's near-zero federal funds rate [5] - In 2022, the Fed began aggressive interest rate hikes to combat inflation, resulting in historically high MMA rates, with many accounts offering 4.00% or higher by late 2023 [7] - As of late 2024, MMA rates remain elevated but have started to decline following recent Fed rate cuts [8] Choosing a Money Market Account - When selecting an MMA, factors beyond interest rates should be considered, such as minimum balance requirements, fees, and withdrawal limits, which can affect overall value [9][10] - Some MMAs may require a high minimum balance (up to $5,000) to earn the highest rates, while others may charge monthly maintenance fees [10] - It is crucial to ensure that the chosen account is insured by the FDIC or NCUA, which protects deposits up to $250,000 per institution [11] Earnings Potential - The earnings from a $10,000 deposit in an MMA depend on the APY; for example, at a 4% APY with monthly compounding, the total balance after one year would be $10,407.44 [14]