Looking for the top money market account rates? Find out which banks are offering rates over 4% APY with check-writing privileges and debit card access. Despite rate fluctuations, online banks and credit unions tend to offer the highest rates. Ensure your account is insured by the FDIC or NCUA for up to $250,000 per depositor.
Money market accounts typically offer better returns than traditional savings accounts, making them ideal for long-term savings with liquidity. Rates have fluctuated due to the Federal Reserve’s actions, with accounts offering as low as 0.10% to 0.50% APY in the past. Shop around for competitive rates without fees or restrictions.
In recent years, money market account rates have seen sharp changes due to economic conditions. Following aggressive interest rate hikes by the Fed, rates reached historically high levels in 2023, but started declining in late 2024. As of 2025, rates remain high by historical standards, with online banks and credit unions offering the best rates.
The national average interest rate for money market accounts is 0.58%, but the best rates can reach 4% to 4.50% APY. Earnings on $50,000 in a money market account depend on the APY and time period. While there are no accounts with 5% APY, some high-yield savings accounts may offer this rate.
Interested in maximizing your savings balance with the best interest rate? Consider money market accounts and high-yield savings accounts to grow your money over time while maintaining access for purchases or bills. Compare rates, balance requirements, fees, and withdrawal limits to find the right account for your financial goals.
Read more at Yahoo Finance: Best money market account rates today, December 15, 2025 (Earn up to 4.26% APY)