The Federal Reserve has cut its target rate three times in 2025, leading to a decline in deposit rates, including money market account rates. It’s crucial to compare MMA rates to maximize earnings on your balance. The national average money market account rate currently stands at 0.56%, according to the FDIC.

Some of the top money market accounts are offering rates of 4% APY and higher. Consider opening an account now to take advantage of these high rates before they potentially decrease. Your earnings from a money market account depend on the annual percentage rate (APY) and how often interest compounds.

If you deposit $1,000 in an MMA with a 0.56% interest rate and daily compounding, your balance would grow to $1,005.62 after one year. Opting for a high-yield money market account with 4% APY would increase your balance to $1,040.81, including $40.81 in interest. Deposit more to earn more – with $10,000 at 4% APY, you could earn $408.08 in interest after one year.

Read more at Yahoo Finance: Best money market account rates today, February 15, 2026 (best account provides 4.01% APY)