Best money market account rates today, December 25, 2025 (earn up to 4.25% APY)

Core Insights - The article discusses the current state of money market accounts (MMAs) and highlights the importance of earning competitive rates on savings as interest rates decline following recent Federal Reserve rate cuts [1][5]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.58%, but top rates can exceed 4% APY, comparable to high-yield savings accounts [3][8]. - Some banks are offering MMA rates above 4.50%, although rates above 7% are not available in the current market [8][9]. Group 2: Federal Reserve Rate Cuts - The Federal Reserve maintained a target range for the federal funds rate of 5.25%–5.50% until September 2024, when it cut the rate by 50 basis points, followed by additional cuts in November and December [4]. - As of 2025, the federal funds rate stands at 3.50%–3.75%, leading to a decline in deposit account rates [5]. Group 3: Considerations for MMA - Money market accounts provide liquidity and easy access to funds, making them suitable for savers with short-term goals or those building an emergency fund [7]. - These accounts are appealing for conservative savers due to FDIC insurance, but long-term savings goals may require riskier investments for higher returns [7].