Best money market account rates today, July 19, 2025 (best account provides 4.41% APY)
Overview of money market account rates today
The national average money market account rate stands at 0.62%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.07%. So by historical standards, money market account rates are still quite high.
Even so, some of the top accounts are currently offering over 4% APY. Since these rates may not be around much longer, consider opening a money market account now to take advantage of today's high rates.
Here's a look at some of the top MMA rates available today:Additionally, the table below features some of the best savings and money market account rates available today from our verified partners.
How much will $10,000 make in a money market account?
The amount of interest you can earn from a money market account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (money market account interest typically compounds daily).
Say you put $10,000 in an MMA at the average interest rate of 0.64% with daily compounding. At the end of one year, your balance would grow to $10,064.20 — your initial $10,000 deposit, plus $64.20 in interest.
Now let's say you choose a high-yield money market account that offers 4% APY instead. In this case, your balance would grow to $10,408.08 over the same period, which includes $408.08 in interest.
Frequently asked questions about money market account rates
What is the downside of a money market account?
Compared to a traditional savings account, a money market account may come with more restrictions. For example, money market accounts often require a higher minimum balance in order to earn the best interest rate and/or avoid fees. Certain MMAs may also limit the number of withdrawals you can make per month (typically six).
Which bank gives 7% interest on savings accounts?
In general, there are no banks that offer a 7% interest rate on money market accounts or any other type of deposit account. That said, you may be able to find local banks and credit unions running limited-time promotional rates on certain accounts, which could be as high as 7%. However, promotional rates at this level often apply to a limited balance.
Read more: Do 7% interest savings accounts exist anymore?
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