Money market accounts offer high interest rates, check-writing privileges, and debit card access. Rates have fluctuated over the years due to changes in the Federal Reserve’s target interest rate. In 2026, online banks and credit unions offer the highest rates. Always consider factors like minimum balance requirements, fees, and insurance coverage when choosing an account. The national average interest rate for MMAs is 0.56%, but some accounts offer up to 4% APY. You can earn $2,303 in interest on $50,000 in an account with a 4.5% APY for one year. No MMAs currently offer 5% APY, but some high-yield savings accounts do.

Read more at Yahoo Finance: Best money market account rates today, February 16, 2026 (Earn up to 4.01% APY)