Best money market account rates today, January 10, 2026 (best account provides 4.1% APY)

Core Insights - Money market account (MMA) rates have been declining over the past two years, making it crucial for consumers to compare rates to maximize earnings [1] - The national average MMA rate is currently 0.58%, a significant increase from 0.07% four years ago, indicating that rates are historically high despite recent declines [2] - Some top MMA accounts are offering rates over 4% APY, suggesting that consumers should consider opening accounts now to benefit from these higher rates [2] Current Rates Overview - The national average MMA rate stands at 0.58% as reported by the FDIC, which is a notable increase from 0.07% four years ago [2] - High-yield money market accounts are available with rates exceeding 4% APY, prompting consumers to act quickly to secure these rates [2] Earnings Potential - A $10,000 deposit in an MMA at the average rate of 0.58% with daily compounding would yield a total of $10,058.17 after one year, which includes $58.17 in interest [5] - Conversely, a high-yield MMA offering 4% APY would grow the same $10,000 to $10,408.08, resulting in $408.08 in interest over the same period [5] Account Characteristics - Money market accounts may have more restrictions compared to traditional savings accounts, such as higher minimum balance requirements and limits on monthly withdrawals [6] - While no banks generally offer a 7% interest rate on MMAs, some local banks and credit unions may provide limited-time promotional rates that could reach this level, typically applicable to limited balances [7]