The Federal Reserve began cutting the federal funds rate in 2024. As a result, deposit rates — including money market account rates — have been falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance.
The national average money market account rate stands at 0.64%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.07%. So by historical standards, money market account rates are still quite high.
Even so, some of the top accounts are currently offering over 4% APY. Since these rates may not be around much longer, consider opening a money market account now to take advantage of today’s high rates.
Here’s a look at some of the top MMA rates available today:
See our picks for the 10 best money market accounts available today>>
Additionally, the table below…
