Looking for the top money market account rates? Discover which banks are offering high rates for your cash. MMAs can provide better returns compared to traditional savings accounts, with check-writing privileges and debit card access for added flexibility. Rates may still exceed 4% APY, making them ideal for long-term savings.

Money market account rates have fluctuated due to changes in the Federal Reserve’s target interest rate. After the 2008 financial crisis, rates were near zero, leading to low MMA rates. Gradual rate hikes followed, but the COVID-19 pandemic caused a sharp decline. Aggressive rate hikes in 2022 resulted in historically high deposit rates, but rates have since begun to decrease.

In 2025, MMA rates are still high compared to historical standards, especially with online banks and credit unions. Consider factors beyond interest rates when comparing accounts, such as minimum balance requirements and fees. Ensure the account is insured by the FDIC or NCUA for up to $250,000 per depositor.

The national average interest rate for MMAs is 0.64%, but top rates can reach 4% to 4.50% APY, similar to high-yield savings accounts. Earnings on $50,000 in an MMA depend on the APY and time left in the account. While no MMAs offer 5% APY, some high-yield savings accounts do, so explore your options.

Read more at Yahoo Finance: Best money market account rates today, August 11, 2025 (Earn up to 4.41% APY)