Summary: Money market account rates remain high, but starting to decrease after Fed rate cuts.

From Yahoo Finance: 2025-06-30 06:00:00

Money market accounts offer higher interest rates than traditional savings accounts. Rates have fluctuated due to changes in the Federal Reserve’s target interest rate. In 2025, rates remain high but are starting to decrease after Fed rate cuts. It’s essential to compare accounts and consider factors like minimum balances, fees, and insurance. The national average interest rate for MMAs is 0.64%, with some offering 4-4.5% APY.



Read more at Yahoo Finance: Best money market account rates today, June 30, 2025 (Earn up to 4.41% APY)