Money market accounts (MMAs) can be a great place to store your cash if you’re looking for a relatively high interest rate, liquidity, and flexibility.
Unlike traditional savings accounts, MMAs typically offer higher returns and may also provide check-writing privileges and debit card access
This makes these accounts ideal for holding long-term savings you want to grow over time, while still being able to access them when needed for certain purchases or bills. Find out which banks have the best MMA rates today. This embedded content is not available in your region.
Where are the best money market interest rates today? The national average interest rate for money market accounts is just 0.57%, according to the FDIC. However, the best money market account rates often pay above 4% APY — similar to the rates offered on high-yield savings accounts.