Banks raise money market account yields to 4.01% APY amid stable Fed policy in 2026, outpacing the national average of 0.57%.
Money market account rates have climbed to as high as 4.01% APY, reflecting stable Federal Reserve policy in 2026. The national average for such accounts remains at 0.57%, according to FDIC data, while top-tier accounts now match high-yield savings rates.
Several banks are offering competitive yields, with TotalBank leading at 4.01% APY for balances of $2,500 or more. Brilliant Bank and Zynlo follow at 4% and 3.9% APY, respectively, requiring lower minimum balances in some cases. These rates remain elevated compared to historical averages but align with broader market conditions.
Investors seeking liquidity and yield are increasingly turning to money market accounts as an alternative to traditional savings products. The Fed’s decision to maintain rates has kept pressure on banks to offer attractive returns to depositors.