Money Market Account Rates: Compare and Earn Top Returns
Overview of Today's Money Market Account Rates
The national average money market account (MMA) rate has reached 0.64%, as reported by the FDIC. However, top accounts currently offer rates as high as 4% APY. With rates expected to stay high for a limited time, now is an ideal opportunity to open an MMA and capitalize on these lucrative earnings.
Compare Top MMA Rates
Our partners provide some of the best savings and MMA rates available today:
[Table featuring top MMA rates from verified partners]
Factors Affecting MMA Interest Earnings
The amount of interest you can earn depends on the annual percentage yield (APY). This includes the base interest rate and the frequency of compounding. For instance, if you deposit $1,000 in an MMA with a 0.64% interest rate that compounds daily, you would earn $6.42 in interest after one year.
In contrast, a high-yield MMA with a 4% APY would accumulate $40.81 in interest over the same period. The more you deposit, the higher your potential earnings. A $10,000 deposit at 4% APY would yield $408.08 in interest after a year.