Banks continue to provide competitive money market account rates despite recent declines, with yields exceeding 4% at select institutions.
Several banks are offering money market account (MMA) rates above 4% APY as of May 11, 2026, despite a broader trend of falling yields. TotalBank leads with a 4.01% APY, requiring a $2,500 minimum balance to earn the highest rate. Brilliant Bank follows at 4% APY with a $1,000 minimum balance.
Rates have declined in recent months, but MMAs remain attractive for savers seeking liquidity and flexibility. These accounts often include check-writing privileges and debit card access, differentiating them from traditional savings accounts. Other institutions, such as Zynlo and Redneck Bank, offer rates between 3.75% and 3.90% APY.
The current yields reflect ongoing competition among banks to attract deposits, though the overall trend suggests a gradual easing of rates.