Money market accounts offer high interest rates, liquidity, and flexibility. Despite falling rates, some accounts still pay over 4% APY. Rates have fluctuated due to changes in the Federal Reserve’s target interest rate. It’s important to compare accounts based on factors like minimum balance requirements and fees. Ensure accounts are FDIC or NCUA insured. The national average MMA rate is 0.58%, but top rates reach 4-4.5% APY. Earnings on $50,000 in a 4.5% APY account would be $2,303 in 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, January 5, 2026 (Earn up to 4.1% APY)