Best money market account rates today, December 29, 2025 (Earn up to 4.25% APY)

Core Insights - Money market accounts (MMAs) are highlighted as a favorable option for storing cash due to their relatively high interest rates and liquidity [1] - The article discusses the historical fluctuations in MMA rates, particularly in relation to the Federal Reserve's interest rate changes [4][5][6][7] Group 1: Current Rates and Trends - Despite a recent decline, some MMAs still offer rates exceeding 4% APY, making them competitive for savers [3][12] - The Federal Reserve's aggressive interest rate hikes starting in 2022 led to historically high deposit rates, with many MMAs offering rates of 4% or higher by late 2023 [7][8] Group 2: Historical Context - Following the 2008 financial crisis, MMA rates were kept low, typically ranging from 0.10% to 0.50% due to the Fed's near-zero federal funds rate [5] - The COVID-19 pandemic prompted another round of rate cuts, resulting in a sharp decline in MMA rates [6] Group 3: Considerations for Choosing MMAs - When selecting a money market account, factors such as minimum balance requirements, fees, and withdrawal limits are crucial for evaluating overall value [9][10] - Many MMAs require a significant minimum balance to earn the highest rates, with some accounts demanding $5,000 or more [10] Group 4: Insurance and Safety - It is essential to ensure that the chosen money market account is insured by the FDIC or NCUA, which protects deposits up to $250,000 per institution [11]