In 2024, the Federal Reserve lowered its target rate three times, causing a decrease in deposit rates, including money market account rates. Comparing money market account rates has become essential to maximize earnings on your balance.

Presently, the national average money market account rate is 0.64%, as reported by the FDIC. However, some top accounts are providing rates of 4% APY and higher. To take advantage of the current high rates, it is advisable to consider opening a money market account now.

TotalBank currently offers the best money market account rate at 4.47% APY with a minimum opening deposit of $25,000.

Various top money market account rates are available today, including those listed in our recommendations for the top 10 accounts.

Furthermore, our verified partners offer a selection of the best savings and money market account rates today, as displayed in the table below.