Best money market account rates today, May 20, 2025 (Earn up to 4.41% APY)

Learn about banks that offer higher prices. MMAS accounts can be a great place to store your money if you are looking for a relatively high interest rate along with liquidity and flexibility.

Unlike traditional savings accounts, MMAS usually offers better returns, and may also provide checks of checks and access to the discount card. This makes these accounts ideal for a long -term savings contract that wants to grow over time, but they can still reach when some purchases or bills.

The average national interest rate for the money market accounts is only 0.63 %, according to FDIC. However, the best money market account rates often pay more than 4 % APY- similar to the prices provided on high-return savings accounts.

Below is a look at the highest money market account rates today:

Are you interested in earning the best possible interest in your savings balance? Below is a look at some of the best savings and money market accounts available today from our verified partners.

The price of the money market account has been dramatically in recent years, due to the changes in the targeted interest rate of the Federal Reserve, known as the Federal Money Fund.

In the wake of the 2008 financial crisis, for example, interest rates remained very low to stimulate the economy. The Federal Reserve Reduce the rate of federal funds to nearly zero, leading to a decrease in MMA rates. During this time, the money market account rates were usually about 0.10 % to 0.50 %, with many accounts made prices at the lower end of this range.

In the end, the Federal Reserve began to gradually raise interest rates as the economy improves. This led to a high revenue on savings products, including MMAS. However, in 2020, the Covid-19 pandemic led to a brief but severe stagnation, and the federal reserve again reduced its standard price to nearly zero to combat economic repercussions. This led to a sharp decrease in MMA rates.

But starting in 2022, the Federal Reserve began a series of high aggressive interest rates to combat inflation. This led to a high rate of deposit rates historically in all fields. By late 2023, the money market account rates increased significantly, as many accounts offer 4.00 % or higher.

During the year 2024, MMA interest rates remained high, and it was possible to find accounts that paid much higher than 5 % APY.

Today, the rates remain high according to historical standards, although they started a decrease in the wake of the recent price discounts at the Federal Reserve later in late 2024. Today, banks and credit federations tend to provide the highest prices.

When comparing the money market accounts, it is important to look beyond the interest rate. Other factors, such as the minimum requirements of balance, fees and clouds, can affect the total value you get from the account.

For example, it is common for money market accounts to require a big balance in order to win the highest declared rate – up to $ 5,000 or more in some cases. Other accounts may receive monthly maintenance fees that can eat in your interest profits.

However, there are many MMAs available that offer competitive prices without any requirements, fees or other restrictions. For this reason it is important to shop and compare them before making a decision.

In addition, be sure to insure the account it chooses by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union (NCUA), which guarantees deposits of $ 250,000 per institution, per deposit. Most of the financial market accounts are federally secured, but it is important to verify the rare situation in which the financial institution fails.

Read more: Are the money market accounts safe?