Summary: Explore top money market account rates today, with best account offering 4% APY. This news is positive for individual investors looking to earn higher interest rates

From Yahoo Finance: 2025-06-29 06:00:00

Learn how to maximize your earnings with today’s money market account rates as the Federal Reserve continues to lower its target rate. The national average MMA rate is 0.62%, but some top accounts offer rates of 4% APY. Explore the top MMA rates available now and consider opening an account to take advantage of high rates. The interest you earn from a money market account depends on the annual percentage rate (APY) and how often interest compounds. A $1,000 deposit at 0.64% interest with daily compounding would grow to $1,006.42 in one year, while a 4% APY account would result in a balance of $1,040.81. Depositing more money can increase your earnings significantly, as seen with a $10,000 deposit at 4% APY resulting in a total balance of $10,408.08 after one year.

Read more: Best money market account rates today, June 29, 2025 (best account provides 4.41% APY)