Money market accounts (MMAs) offer high interest rates, liquidity, and flexibility. National average interest rate is 0.39%, but the best MMAs pay over 4% APY. Rates fluctuate due to changes in the Federal Reserve’s federal funds rate. In 2022, rates rose, but in 2020 they dropped due to the pandemic. Check for minimum balance requirements and fees when choosing an MMA. MMAs are insured by FDIC or NCUA up to $250,000. Rates currently over 4% APY. $10,000 in an account earning 4% APY would earn $407.44 in one year. MMAs are safe but may have downsides like high minimum balances and variable rates.

Read more at Yahoo Finance: Best money market account rates today, February 24, 2026 (Earn up to 4.01% APY)