The Federal Reserve cut its target rate three times in 2024. So deposit rates — including money market account (MMA) rates — have started 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.
Even so, some of the top accounts are currently offering rates of 4% APY and up. Since these rates may not be around much longer, consider opening a money market account now to take advantage of today’s high rates.
Today, the best money market account rate is offered by TotalBank. Account holders can earn 4.47% APY with a $25,000 minimum opening deposit.
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 features some…
