Best money market account rates today, December 6, 2025 (best account provides 4.26% APY)

Core Insights - Money market account (MMA) rates have been declining, making it crucial for consumers to compare rates to maximize earnings [1] - The national average MMA rate is currently 0.59%, a significant increase from 0.07% three years ago, indicating that rates are historically high [2] - Some top accounts are offering rates over 4% APY, suggesting a potential opportunity for consumers to open accounts now [2] Current Rates Overview - The national average MMA rate stands at 0.59% as reported by the FDIC [2] - Historical comparison shows that MMA rates have increased from 0.07% three years ago, highlighting a trend of rising rates [2] - High-yield accounts are available with rates exceeding 4% APY, which may not last long [2] Earnings Potential - A $10,000 deposit in an MMA at the average rate of 0.59% would yield $59.17 in interest after one year, totaling $10,059.17 [5] - In contrast, a high-yield MMA offering 4% APY would result in a total balance of $10,408.08 after one year, with $408.08 earned in interest [5] Account Features and Limitations - 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 generally no banks offering a 7% interest rate on MMAs, although some local banks and credit unions may have promotional rates that could reach this level for limited balances [7]