Interest rates on money market accounts have been decreasing, making it important to compare rates to maximize earnings. The national average money market rate is currently at 0.58%, up from 0.07% three years ago. However, some top accounts are offering over 4% APY. The amount of interest earned on a money market account depends on the annual percentage rate (APY) and how often interest compounds. While no banks offer 7% interest rates on money market accounts, some may have limited-time promotional rates at that level. Consider opening a money market account now to take advantage of high rates.

Read more at Yahoo Finance: Best money market account rates today, December 20, 2025 (best account provides 4.25% APY)