Money market account rates today, March 22, 2025 (provides the best 4.50 % APY account)

The federal reserve began to reduce the average federal funds in 2024. As a result, deposit rates – including money market account rates – decreased. It is more important than ever compared to MMA rates and make sure to earn as much as possible on your balance.

the The rate of account of the national money market It stands at 0.64 %, according to the FDIC. This may not seem much, but looking at this three years ago, it was only 0.07 %. Therefore, according to historical standards, the money market account rates are still very high.

However, some higher accounts currently offer more than 4 % APY. 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 Annual percentage 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 $ 10,000 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 $ 10,064.20 – a preliminary deposit of $ 10,000, in addition to $ 64.20 at interest.

Now, suppose you choose a high -return money market account provides 4 % APY instead. In this case, your balance will grow to $ 10,408.08 during the same period, which includes $ 408.08 at interest.

Compared to the traditional savings account, the market market account may come with more restrictions. For example, money market accounts often require a minimum balance in order to get the best interest rate and/or avoid fees. Some MAM may also limit the number of withdrawals that you can perform monthly (usually six).

In general, there are no 7 % interest rates on money market accounts or any other type of deposit account. However, you may be able to find local banks and credit federations that manage limited promotional prices on some accounts, which may reach 7 %. However, promotional prices often apply to a limited balance.

Read more: Are there 7 % interest savings accounts anymore?