Best money market account rates today, November 17, 2025 (Earn up to 4.26% APY)

Find out which banks offer the highest rates. Money market accounts (MMAs) can be a great place to store your money if you’re looking for a relatively high interest rate along with liquidity and flexibility.

Unlike traditional savings accounts, MMA accounts typically offer better returns, and may also offer check-writing privileges and debit card access. This makes these accounts ideal for holding long-term savings that you want to grow over time, but can still access when needed for certain purchases or bills.

Although interest rates have decreased over the past few months, it is still possible to find money market accounts that pay more than 4% APY.

Here’s a look at some of the best money market account rates today:

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Money market account rates have fluctuated significantly in recent years, largely due to changes in the Federal Reserve’s target interest rate.

Following the 2008 financial crisis, for example, interest rates remained too low to stimulate the economy. The Fed cut the federal funds rate to near zero, sending MMA rates extremely low. During this time, money market account rates were typically around 0.10% to 0.50%, with many accounts offering rates at the lower end of this range.

Eventually, the Fed began gradually raising interest rates as the economy improved. This led to higher returns on savings products, including MMAs. However, in 2020, the COVID-19 pandemic led to a short but severe recession, and the Federal Reserve again cut its benchmark interest rate to near zero to combat the economic fallout. This led to a sharp decline in MMA rates.

But starting in 2022, the Fed has embarked on a series of aggressive interest rate increases to combat inflation. This has led to historically high deposit interest rates across the board. By late 2023, money market account rates had skyrocketed, with many accounts offering interest of 4% or higher. However, the Fed finally began cutting interest rates in late 2024.

As of 2025, MMA prices remain high by historical standards, although they have begun a downward trajectory following recent interest rate cuts by the Federal Reserve. Today, online banks and credit unions tend to offer the highest rates.

When comparing money market accounts, it’s important to look beyond just the interest rate. Other factors, such as minimum balance requirements, fees, and withdrawal limits, can affect the overall value you get from the account.

For example, it’s common for money market accounts to require a large minimum balance in order to get the highest advertised rate — as much as $5,000 or more in some cases. Other accounts may charge monthly maintenance fees that can affect your interest earnings.

However, there are many MMAs available that offer competitive rates without any balance requirements, fees or other restrictions. This is why it is important to research and compare calculations before making a decision.

Additionally, make sure the account you choose is insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), which guarantee deposits of up to $250,000 per institution, per depositor. Most money market accounts are federally insured, but it’s important to double-check in the rare case that a financial institution fails.

Read more: Money Market Account vs. High-Yield Savings Account: Which Is Better for You?

The national average interest rate for money market accounts is just 0.59%, according to the Federal Deposit Insurance Corporation (FDIC). However, the best money market account rates often pay around 4% to 4.50% APY — similar to the rates offered on high-yield savings accounts.

How much you would earn with $50,000 in a money market account depends on the annual percentage rate (APY) and the period of time you leave the money in the account. For example, if you deposit $50,000 into a money market account that pays 4.5% annually and leave it in your account for one year, you will earn $2,303 in interest.

There are currently no money market accounts that pay 5% APY. However, some high-yield savings accounts from online banks do. You can also check with your local bank or credit union to see if they offer a 5% APY account that fits your needs.