Best money market account rates today, December 7, 2025 (best account provides 4.26% APY)

Core Insights - The Federal Reserve has cut its target rate three times in 2024 and again in 2025, leading to a decline in deposit rates, including money market account (MMA) rates [1] - The national average MMA rate is currently at 0.59%, but some top accounts are offering rates of 4% APY and higher, prompting consumers to consider opening accounts to benefit from these rates [2] Money Market Account Rates - The national average money market account rate is 0.59% as reported by the FDIC [2] - Some of the best MMA accounts are offering rates of 4% APY or more, which may not last long, encouraging immediate action to open accounts [2] Interest Earnings from Money Market Accounts - Interest earned from a money market account is determined by the annual percentage rate (APY), which reflects total earnings after one year, factoring in the base interest rate and compounding frequency [3] - For example, a $1,000 deposit at an average rate of 0.59% would yield a total of $1,005.92 after one year, while a high-yield account at 4% APY would grow to $1,040.81, earning $40.81 in interest [4] Impact of Deposit Amount on Earnings - The amount deposited in a money market account directly influences potential earnings; a $10,000 deposit at 4% APY would result in a total balance of $10,408.08 after one year, yielding $408.08 in interest [5]