Discover how the Federal Reserve’s rate cuts in 2025 have impacted money market account rates. The national average stands at 0.58%, but some top accounts offer rates of 4% APY. Act now to take advantage of high rates before they decrease. Compare rates to maximize earnings and open an account today.

Interest earned from a money market account depends on the annual percentage rate (APY) and how often interest compounds. With an average rate of 0.58% and daily compounding, a $1,000 deposit would grow to $1,005.82 after one year. Choosing a 4% APY account would yield $1,040.81, including $40.81 in interest.

The more you deposit in a money market account, the more you can earn. For example, with a 4% APY and a $10,000 deposit, your total balance after one year would be $10,408.08, resulting in $408.08 in interest. Take advantage of high rates now to maximize earnings.

Read more at Yahoo Finance: Best money market account rates today, January 18, 2026 (best account provides 4.1% APY)