Best money market account rates today, February 11, 2026 (secure up to 4.01% APY)

Core Insights - The article discusses the current state of money market accounts (MMAs) and highlights the importance of finding competitive rates as interest rates decline following recent Federal Reserve rate cuts [1][4]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.56%, while top rates can exceed 4% APY, comparable to high-yield savings accounts [2]. - TotalBank currently offers the highest money market account rate at 4.01%, which is over seven times the national average [7]. Group 2: Interest Rate Trends - Money market account rates are closely linked to the federal funds rate set by the Federal Reserve, which influences deposit account rates [3]. - Following a target range of 5.25%–5.50% maintained by the Fed, three rate cuts have led to a decline in money market rates, with expectations for further declines in 2025 [4]. Group 3: Considerations for MMA Investment - Money market accounts are attractive for savers due to their elevated rates, safety, and liquidity, making them suitable for those with short-term savings goals or emergency funds [5][6]. - For conservative savers, MMAs provide FDIC insurance and principal protection, while long-term savers may need to consider riskier investments for higher returns [6].