The best interest rates on the money market today, 17/10/2025 (up to 4.26% APY yield)

Find out which banks offer best MMA prices right now. The Federal Reserve cut the fed funds rate three times in 2024 and recently made its first rate cut in 2025. As a result, deposit rates — including money market account rates — have fallen.

It’s more important than ever to compare MMA rates and make sure you’re getting the most out of your balance.

While interest rates on money market accounts have risen by historical standards, the national average MMA rate is just 0.59%, according to the FDIC. The good news: High-yield money market accounts offer well over 4% APY—more than six times the national average.

That’s why it’s important to shop around before opening a money market account. Interest rates vary greatly, but there are several banks (especially online banks) and credit unions with very competitive offers.

Here’s a look at the best MMA prices available today:

Additionally, the table below lists some of the best savings and money market account rates available through our verified partners.

Online banks operate exclusively online. This significantly reduces their overhead costs, allowing them to pass these savings on to customers in the form of high deposit rates and low fees. If you’re looking for the best money market account rates, online banks are a great place to start.

However, online banks aren’t the only place you can find savings accounts with 4-5% APY. Credit unions are non-profit financial cooperatives and also offer competitive rates and lower fees. Many credit unions have certain requirements that must be met in order to become a member, although some allow almost anyone to join.

Read more: Are online banks really safe?

Money market accounts can be a great option for short-term savings goals, such as building an emergency fund or putting money aside for future expenses. They tend to offer higher interest rates than regular savings accounts and offer easier access to your money compared to some other options such as certificates of deposit (CDs).

Money market accounts are also considered low risk and are FDIC insured up to $250,000 per depositor per institution. This makes them safer than money market fundswhich may be subject to market risk.

However, keep in mind that many money market accounts require a minimum balance to open the account and earn the highest advertised interest rate. If you are unable to maintain this balance, you may incur fees or miss out on the best rates.

And while you can usually use your funds as needed, MMA contracts can limit the number of transactions you can make each month. If you need frequent access to your money, this might be something to consider.

Read more: Is there a penalty for withdrawing from your money market account?

When a money market account makes sense:

• You want to earn more interest than a regular savings account without locking your money in a CD.

• You can maintain a minimum balance to avoid fees.

• You want to keep funds readily available for emergencies or near-term expenses.

Currently, the average interest rate for a money market account is 0.59%. However, several high-yield accounts pay more than 4 percent. If you’re considering opening a money market account, be sure to shop around and compare interest rates.

There is no single account or investment that guarantees a 12% return. However, if your goal is to earn a strong return on your money and grow your wealth significantly, investing in market securities such as stocks, mutual funds, exchange-traded funds is the best strategy for that. The stock market returns an average of about 10% per year.

If you’re not sure where to start, it can be helpful to talk to a financial advisor about your financial goals and priorities. Alternatively, you can sign up with a robo-advisor, which is an automated and cost-effective option for managing your portfolio.

Read more: Robo-Advisor: How to Start Investing Right Away