Best money market account rates today, July 24, 2025 (earn up to 4.41% APY)

Find out which banks currently offer the best MMA rates. When the interest rates begin to decrease after the latest ratio deductions of the FED, it is more important than ever to ensure that you have gained a competitive rate in your savings. An option you may want to consider is a money market account (MMA). These accounts offer interest in your savings accounts, but may also include a debit card and/or control writing features.

Are you wondering where the best money market account rates can be found today? Here’s what you need to know.

From a historical point of view, the money market account interest rates have been quite high. According to FDIC, the national average interest rate for money market accounts is only 0.62%, but the largest money market account rates are generally more than 4% or more-similar to the proportions offered in highly efficient savings accounts.

Take a look at some of the best MMA rates available today:

See our choices for the top 10 money market accounts available today >>

In addition, the following table has some of the best savings and money market account rates available from our confirmed partners today.

Between July 2023 and September 2024, the FED continued a target range of 5.25% -5.50%for the federal fund rate. However, as the inflation cools down and the economy recovered, the FED federal fund reduced its rate of 50 basis in September 2024. In November, it reduced 25 more BPS and made the final rate of the year (25BPS) in December. The federal fund ratio is currently 4.25-4.50%.

As a result, the money market rates began to decrease. In 2025, more ratio deduction is expected, which may have a chance to benefit from today’s higher rates of preservatives.

Read more: Can you lose money in a money market account?

Considering that the money market account rates are still increased, these accounts are an attractive option for protectors. However, deciding whether it has the right time to put money on a money market account depends on your financial goals and wider economic conditions. Here are some basic factors to consider:

• Liquidity Needs: Money market accounts usually come with check -writing capabilities or debit card access to your money easy access to your money (may be a limit for monthly withdrawal transactions). Nevertheless, if you need to keep your money accessible when you get a good return, a money market account may be ideal.

• SAVING TARGETS: If you have short -term savings targets or want to create an emergency fund, the money market account can provide a safer place for your money with better returns than most traditional savings accounts.

• Risk tolerance: For conservative protectors who prefer to avoid the ups and downs of the stock market, the money market accounts are attracted to the FDIC insurance and the manager cannot lose. However, if you save for a long -term target such as retirement, more risky investments are required to achieve higher return to your savings target.

Considering that interest rates are still increased, you may be a good time to take into account a money market account, especially if you are looking for a better safety, liquidity and better return balance than traditional savings accounts. Comparing the rates obtained from different institutions will help you find the best options available.

Today’s money market account rates vary slightly between different financial institutions. Although the national average ratio for a MMA is currently 0.64%, there are some banks above APY over 4%. In general, you will not find over 4.50%money market rates.

Unfortunately, there are very few accounts offering 7% interest. The existing ones are limited -time promotions and usually found in control of the accounts. Currently, there is no money market account that pays 7%.