Best money market account rates today, February 15, 2026 (best account provides 4.01% APY)

Group 1 - The Federal Reserve has cut its target rate three times in 2025, leading to a steady decline in deposit rates, including money market account (MMA) rates [1] - The national average money market account rate is currently 0.56%, while some top accounts are offering rates of 4% APY and higher [2] - It is advisable to open a money market account now to take advantage of the current high rates, as they may not last long [2] Group 2 - The interest earned from a money market account is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] - For a deposit of $1,000 at the average interest rate of 0.56% with daily compounding, the balance after one year would be $1,005.62, resulting in $5.62 in interest [4] - In contrast, a high-yield money market account with a 4% APY would grow a $1,000 deposit to $1,040.81, yielding $40.81 in interest over the same period [4] Group 3 - The potential earnings increase with larger deposits; for example, a $10,000 deposit in a 4% APY account would result in a total balance of $10,408.08 after one year, earning $408.08 in interest [5]