Best money market account rates today, December 26, 2025 (up to 4.25% APY return)

Core Insights - The Federal Reserve has cut the federal funds rate three times in 2024 and recently made a third cut in 2025, leading to a decline in deposit interest rates, including money market account rates [1] - The national average rate for money market accounts (MMAs) is currently 0.58%, while top high-yield accounts offer rates exceeding 4% APY, significantly above the national average [2][9] - Online banks and credit unions are highlighted as the best sources for competitive MMA rates due to their lower overhead costs and not-for-profit structures, respectively [4][5] Group 1: Money Market Account Rates - The national average MMA rate is 0.58%, but high-yield accounts can offer rates over 4% APY, which is more than six times the national average [2] - Online banks provide the best MMA rates due to reduced operational costs, allowing them to offer higher deposit rates and lower fees [4] - Credit unions also offer competitive rates, often in the range of 3% to 4% APY, but may have membership requirements [5] Group 2: Features and Considerations of Money Market Accounts - Money market accounts are considered low-risk and are FDIC-insured up to $250,000 per depositor, per institution, making them safer than money market funds [6] - Many MMAs require a minimum balance to earn the highest advertised rates, and failing to maintain this balance may result in fees or lower rates [6] - MMAs may limit the number of transactions per month, which is an important consideration for those needing frequent access to funds [7]