Money market accounts can offer high interest rates, check-writing privileges, and debit card access for long-term savings. Rates over 4% APY are still available. In 2025, online banks and credit unions tend to offer the highest rates as the Federal Reserve adjusts interest rates. Ensure accounts are insured and compare fees and requirements before choosing. The national average interest rate for money market accounts is 0.64%, but the best rates can reach 4-4.5% APY. Earnings on $50,000 in a 4.5% APY account for one year would be $2,303. No accounts currently offer 5% APY, but some high-yield savings accounts do.

Read more at Yahoo Finance: Best money market account rates today, July 28, 2025 (Earn up to 4.41% APY)