Find out how much you could earn with today’s money market account rates. The Federal Reserve cut its target rate three times in 2025. So deposit rates — including money market account (MMA) rates — have been steadily declining. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. Overview of money market account rates today The national average money market account rate stands at 0.56%, according to the FDIC. Even so, some of the top accounts are c ...

Find out which banks are offering the best MMA rates right now. The Federal Reserve cut the federal funds rate three times in 2024 and three times in 2025. As a result, deposit interest rates — including money market account rates — have been falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. A look at the best money market account rates today Although money market account rates are elevated by historical standards, the national average r ...

Core Insights - The national average money market account (MMA) rate is currently at 0.56%, a significant increase from 0.07% four years ago, indicating that MMA 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 high rates before they potentially decrease [2] Group 1: Current Rates and Historical Context - The national average MMA rate is 0.56%, up from 0.07% four years ago, showing a notable historical increase [2] - High-yield money market accounts are currently available with rates exceeding 4% APY, which may not last long [2] Group 2: Earnings Potential - A $10,000 deposit in an MMA at the average rate of 0.56% with daily compounding would yield a total of $10,056.16 after one year, which includes $56.16 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] Group 3: Account Features and Limitations - Money market accounts may have more restrictions compared to traditional savings accounts, such as higher minimum balance requirements and limits on monthly withdrawals [6]

Core Insights - Money market accounts (MMAs) are highlighted as a favorable option for storing cash due to their relatively high interest rates, liquidity, and flexibility [1] - MMAs typically offer better returns than traditional savings accounts and may include check-writing privileges and debit card access, making them suitable for long-term savings with easy access [2] Interest Rates Overview - Despite a general decline in rates over recent months, some MMAs still offer rates exceeding 4% APY [3] - Historical fluctuations in MMA rates are largely attributed to changes in the Federal Reserve's target interest rate [4] - Following the 2008 financial crisis, MMA rates were low, averaging between 0.10% to 0.50% due to the Fed's near-zero federal funds rate [5] - The COVID-19 pandemic prompted another drop in MMA rates as the Fed cut rates to combat economic fallout [6] - Starting in 2022, aggressive interest rate hikes by the Fed led to historically high deposit rates, with many MMAs offering rates of 4% or higher by late 2023 [7] - As of 2026, MMA rates remain elevated compared to historical standards but are on a downward trend following recent Fed rate cuts [8] Considerations for Choosing MMAs - When selecting a money market account, factors beyond interest rates, such as minimum balance requirements, fees, and withdrawal limits, are crucial for assessing overall value [9] - Many MMAs require a significant minimum balance, often $5,000 or more, to qualify for the highest advertised rates, and some may charge monthly maintenance fees [10] - There are competitive MMAs available without balance requirements or fees, emphasizing the importance of comparing options before making a decision [10] - It is essential to ensure that the chosen account is insured by the FDIC or NCUA, which protects deposits up to $250,000 per institution, per depositor [11] Current Market Conditions - The national average interest rate for MMAs is currently 0.58%, while the best rates can reach around 4% APY, comparable to high-yield savings accounts [12] - For example, depositing $50,000 in an MMA with a 4.5% APY would yield approximately $2,303 in interest over one year [13] - Currently, no MMAs offer a 5% APY, but some high-yield savings accounts from online banks do, and local banks or credit unions may also have competitive offerings [14]

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]

Find out which banks are offering the best MMA rates right now. The Federal Reserve cut the federal funds rate three times in 2024 and three times in 2025. As a result, deposit interest rates — including money market account rates — have been falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. A look at the best money market account rates today Although money market account rates are elevated by historical standards, the national average r ...

Core Insights - Money market accounts offer unique features such as check-writing privileges and ATM access, distinguishing them from traditional savings accounts [1] - The average annual percentage yield (APY) for money market accounts is 0.45% as of December 23, 2025, with top accounts yielding over nine times this average [1] - Higher APYs may be available for larger balances in some money market accounts, encouraging higher deposits [2] Interest Rate Trends - The national average APY for money market accounts has remained stable at 0.44% for several weeks leading up to December 15, 2025, with slight variations noted in previous months [3] - The average APY is calculated based on data from over 2,200 banks and credit unions, ensuring a comprehensive overview of the market [3] Influencing Factors - Money market account rates are influenced by the Federal Reserve's actions, although changes in Fed rates do not guarantee immediate adjustments in bank rates [5] - It is essential for consumers to compare rates across different institutions to find the most suitable money market account for their financial needs [5] Account Features - In addition to yields, consumers should consider account features such as check-writing privileges, ATM access, mobile check deposit, and app ratings when selecting a money market account [6]

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]

Core Insights - Money market accounts (MMAs) are highlighted as a favorable option for storing cash due to their relatively high interest rates, liquidity, and flexibility [1] - MMAs typically offer better returns than traditional savings accounts and may include check-writing privileges and debit card access, making them suitable for long-term savings with easy access [2] Interest Rates Overview - Despite a general decline in rates over recent months, some MMAs still offer rates exceeding 4% APY [3] - Historical fluctuations in MMA rates are largely attributed to changes in the Federal Reserve's target interest rate [4] - Following the 2008 financial crisis, MMA rates were low, averaging between 0.10% to 0.50% due to the Fed's near-zero federal funds rate [5] - The COVID-19 pandemic prompted another drop in MMA rates as the Fed cut rates to combat economic fallout [6] - Starting in 2022, aggressive interest rate hikes by the Fed led to historically high deposit rates, with many MMAs offering rates of 4% or higher by late 2023 [7] - As of 2026, MMA rates remain high by historical standards but are on a downward trend following recent Fed rate cuts [8] Considerations for Choosing MMAs - When selecting a money market account, factors beyond interest rates, such as minimum balance requirements, fees, and withdrawal limits, should be considered [9] - Some MMAs may require a minimum balance of $5,000 or more to earn the highest advertised rates, and monthly maintenance fees can reduce interest earnings [10] - There are competitive MMAs available without balance requirements or fees, emphasizing the importance of comparing options [10] - It is crucial to ensure that the chosen account is insured by the FDIC or NCUA, which guarantees deposits up to $250,000 per institution, per depositor [11] Current Market Rates - The national average interest rate for money market accounts is currently 0.58%, while the best rates can reach around 4% to 4.50% APY [12] - For example, depositing $50,000 in a money market account with a 4.5% APY would yield approximately $2,303 in interest over one year [13] - Currently, no MMAs offer a 5% APY, but some high-yield savings accounts from online banks do [14]

Core Insights - The Federal Reserve has cut its target rate three times in both 2024 and 2025, leading to a steady decline in deposit rates, including money market account (MMA) rates [1] - The national average MMA rate is currently at 0.58%, while some top accounts offer rates of 4% APY and higher, suggesting a potential opportunity for consumers to maximize earnings by opening accounts now [2] Money Market Account Rates Overview - The national average money market account rate is 0.58% according to the FDIC, but competitive accounts are offering rates of 4% APY and above [2] - It is advisable for consumers to consider opening a money market account to take advantage of the current high rates before they potentially decrease [2] Interest Earnings from Money Market Accounts - Interest earnings from a money market account depend on the annual percentage rate (APY) and the frequency of compounding, which is typically daily for MMAs [3] - For example, a $1,000 deposit at an average rate of 0.58% would yield a total of $1,005.82 after one year, while a 4% APY would result in a balance of $1,040.81, earning $40.81 in interest [4] Impact of Deposit Amount on Earnings - The amount deposited in a money market account directly affects the interest earned; for instance, a $10,000 deposit at a 4% APY would grow to $10,408.08 after one year, resulting in $408.08 in interest [5]