Find out how much you could earn at current money market account rates. The Federal Reserve cut its target rate three times in 2025, so deposit rates (including money market account rates) have been steadily declining. It’s more important than ever to compare MMA rates and make sure you’re earning as much as possible with your balance.
The national average money market account rate stands at 0.56%, according to the FDIC.
Still, some top accounts currently offer rates of 4% APY and more. Since these rates may not last 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 best MMA rates available today:
The amount of interest you can earn with a money market account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year by considering the base interest rate and how often interest is compounded (interest on money market accounts is typically compounded daily).
Let’s say you invest $1,000 in an MMA at an average interest rate of 0.56% compounded daily. At the end of a year, your balance would grow to $1,005.62: your initial deposit of $1,000, plus $5.62 in interest.
Now let’s say you choose a high-yield money market account that offers 4% APY. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest.
The more you deposit into a money market account, the more you stand to earn. If we took the same example of a money market account with a 4% APY, but deposited $10,000, your total balance after one year would be $10,408.08, meaning you would earn $408.08 in interest. ​