Looking for the top rates on money market accounts? MMAs offer high interest rates, liquidity, and flexibility, with some still paying over 4% APY. Find the best rates with online banks and credit unions. Rates fluctuate due to Fed interest rate changes, so compare accounts carefully for balance requirements, fees, and insurance.

In recent years, money market account rates have varied due to economic conditions. After the 2008 financial crisis, rates were low, but they rose as the economy improved. However, the COVID-19 pandemic caused rates to drop sharply. In 2022, the Fed raised rates aggressively, leading to historically high deposit rates. Rates have since begun to decline.

It’s crucial to consider factors beyond interest rates when choosing a money market account, such as minimum balance requirements and fees. Some accounts offer competitive rates without restrictions, so shop around and compare before deciding. Ensure your account is insured by the FDIC or NCUA for up to $250,000 per depositor.

The national average interest rate for money market accounts is 0.58%, but the best rates can reach 4% APY. Compare rates with high-yield savings accounts for similar returns. The amount you earn on $50,000 in a money market account depends on the APY and time period. While no accounts currently offer 5% APY, some high-yield savings accounts do.

Read more at Yahoo Finance: Best money market account rates today, January 12, 2026 (Earn up to 4.1% APY)