Money market account rates today, March 9, 2025 (best account provides 4.51% APY)

The Federal Reserve reduced its target price three times in 2024. Thus, deposit account prices – including MMA account rates – began to decrease. It is more important than ever compared to MMA rates and make sure to earn as much as possible on your balance.

The national market account account price in the market is 0.64 %, according to FDIC.

However, some higher accounts currently offer 4 % APY rates and above. Since these prices may not be much longer, consider opening the money market account now to take advantage of the high day rates.

Below is a look at some of the best MMA prices available today:

Watch our choices for the 10 best money market accounts today >>

In addition, the table below is characterized by some of the best account rates in the savings and money market today from our verified partners.

The interest amount that you can earn from the money market account depends on the percentage of the annual percentage (APY). This is a scale for your total profits after one year when considering the basic interest rate and the number of interest compounds (the interest market account is usually represented daily).

Suppose you put $ 1,000 in MMA with an average interest rate of 0.64 % with the daily vehicle. At the end of one year, your balance will grow to $ 1,006.42 – a first deposit of $ 1,000, in addition to only $ 6.42.

Now, suppose you choose a high -return money market account provides 4 % APY instead. In this case, your balance will grow to $ 1,040.81 during the same period, which includes $ 40.81 in interest.

The more you are in the money market account, the more you will earn. If we take the same example at the expense of the money market by 4 % APY, but deposit $ 10,000, then your total balance after one year will be 10,408.08 dollars, which means that you will earn $ 408.08 at interest. ​​