National average money market account rates for January 2026

Core Insights - Money market accounts offer unique features such as check-writing privileges and ATM access, distinguishing them from traditional savings accounts [1] - The average annual percentage yield (APY) for money market accounts is 0.45% as of December 23, 2025, with top accounts yielding over nine times this average [1] - Higher APYs may be available for larger balances in some money market accounts, encouraging higher deposits [2] Interest Rate Trends - The national average APY for money market accounts has remained stable at 0.44% for several weeks leading up to December 15, 2025, with slight variations noted in previous months [3] - The average APY is calculated based on data from over 2,200 banks and credit unions, ensuring a comprehensive overview of the market [3] Influencing Factors - Money market account rates are influenced by the Federal Reserve's actions, although changes in Fed rates do not guarantee immediate adjustments in bank rates [5] - It is essential for consumers to compare rates across different institutions to find the most suitable money market account for their financial needs [5] Account Features - In addition to yields, consumers should consider account features such as check-writing privileges, ATM access, mobile check deposit, and app ratings when selecting a money market account [6]