Money market account rates are higher than national average, with the highest rate at 4.51% APY.

From Yahoo Finance: 2025-05-13 10:48:00

Money market accounts offer higher interest rates and liquidity compared to traditional savings accounts. The national average interest rate is 0.63%, but the best MMAs can offer over 4% APY. Rates have fluctuated due to changes in the federal funds rate. In 2022, rates rose due to inflation concerns, reaching historically high levels. However, rates have started to decline following recent Fed rate cuts. When comparing MMAs, consider factors like minimum balance requirements and fees. Ensure your account is insured by the FDIC or NCUA. The highest MMA rate available today is 4.51% APY.



Read more at Yahoo Finance: Best money market account rates today, May 13, 2025 (Earn up to 4.41% APY)