Banks raise money market account yields to 4.01% APY amid stable Fed policy in 2026, outpacing the national average of 0.57%.
Several banks are offering money market account rates 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 the FDIC, while top-tier accounts now pay between 3.5% and 4.01% APY.
Rates have remained elevated compared to historical averages, aligning with high-yield savings accounts. Leading offers include TotalBank’s 4.01% APY with a $2,500 minimum balance and Brilliant Bank’s 4% APY requiring $1,000. Other institutions, such as Zynlo and Redneck Bank, provide yields above 3.8% with varying minimums.
The Fed’s decision to leave rates unchanged this year has kept competition fierce among banks seeking deposits. Investors are increasingly shifting funds to higher-yielding accounts to maximize returns in a stable rate environment.