Best money market account rates today, November 26, 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][5][4] 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][8] - TotalBank currently offers the highest MMA rate at 4.26%, which is over seven times the national average [8] Group 2: Federal Reserve Influence - Deposit account rates, including money market rates, are closely tied to the federal funds rate set by the Federal Reserve [3] - The Fed maintained a target range of 5.25%–5.50% from July 2023 to September 2024, but subsequently cut the federal funds rate by 50 basis points in September 2024, followed by two additional cuts of 25 basis points each in November and December [4] Group 3: Future Rate Expectations - Rates are expected to continue declining following the Fed's recent cuts, suggesting that savers may have limited time to benefit from higher rates [5][6] Group 4: Considerations for Savers - Money market accounts provide easy access to funds and are suitable for those with short-term savings goals or emergency funds, offering better returns than traditional savings accounts [7] - For conservative savers, money market accounts are appealing due to FDIC insurance, while riskier investments may be necessary for long-term savings goals [7]