Best money market account rates today, January 17, 2026 (best account provides 4.1% APY)

Core Insights - The national average money market account (MMA) rate is currently at 0.58%, a significant increase from 0.07% four years ago, indicating that MMA rates are historically high despite recent declines [2][5] - Some top MMA accounts are offering rates over 4% APY, suggesting that consumers should consider opening accounts now to benefit from these high rates before they potentially decrease [2][5] Money Market Account Rates Overview - The average MMA rate is 0.58%, which is higher than the historical low of 0.07% four years ago [2] - High-yield money market accounts are available with rates exceeding 4% APY, presenting an opportunity for consumers to maximize their earnings [2][5] Earnings Potential - A $10,000 deposit in an MMA at the average rate of 0.58% would yield a total of $10,058.17 after one year, with $58.17 earned in interest [5] - In contrast, 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] Frequently Asked Questions - Money market accounts may have more restrictions compared to traditional savings accounts, such as higher minimum balance requirements and limits on monthly withdrawals [6] - There are currently no banks offering a 7% interest rate on money market accounts, although some local banks and credit unions may have limited-time promotional rates that could reach this level [7]