Money market rates falling, but top accounts still offer 4% APY
From Yahoo Finance: 2025-06-15 06:00:00
Interest rates for money market accounts are falling due to Federal Reserve cuts in 2024. The national average MMA rate is 0.62%, but top accounts offer rates of 4% APY. It’s wise to open an account now to take advantage of high rates before they drop. Deposit more to earn more – a $10,000 deposit at 4% APY earns $408.08 in interest after one year.
Read more at Yahoo Finance: Best money market account rates today, June 15, 2025 (best account provides 4.41% APY)