Find out which banks are offering the best MMA rates right now. The Federal Reserve has cut the federal funds rate multiple times, causing deposit interest rates to fall. The national average MMA rate is 0.56%, but top high-yield MMAs offer over 4% APY.

Online banks and credit unions offer competitive rates on money market accounts. MMAs are a good option for short-term savings goals, offering higher interest rates than regular savings accounts. They are considered low-risk and FDIC-insured up to $250,000 per depositor.

When considering a money market account, make sure to compare rates and be aware of any minimum balance requirements. MMAs may limit the number of transactions per month, so consider your access needs. Average MMA rates are 0.56%, but high-yield accounts can pay over 4%.

To earn a strong return on your money, consider investing in market securities like stocks, mutual funds, or ETFs. The stock market averages about a 10% return per year. Financial advisors or robo-advisors can help you start investing and manage your portfolio effectively.

Read more at Yahoo Finance: Best money market account rates today, January 23, 2026 (up to 4.1% APY return)