Best money market account rates today, August 17, 2025 (best account provides 4.41% APY)

Money market accounts are a great way to earn some extra cash with today’s rates. The Federal Reserve has recently cut its target rate multiple times in 2024, causing deposit rates to fall. It’s crucial now more than ever to compare money market account rates to make sure you are maximizing your earnings.

Currently, the national average money market account rate is at 0.62%, as reported by the FDIC. However, some of the top accounts are offering rates of 4% APY and even higher. These high rates may not last long, so it’s a good idea to consider opening a money market account now to take advantage of the current offers.

When looking at money market account rates, the amount of interest you can earn depends on the annual percentage rate (APY). This includes the base interest rate and how often interest compounds, typically daily for money market accounts. For example, if you were to deposit $1,000 into an account with an average interest rate of 0.64% and daily compounding, your balance would grow to $1,006.42 after one year.

On the other hand, if you chose a high-yield money market account with a 4% APY, your balance would grow to $1,040.81 over the same period, including $40.81 in interest. The more you deposit, the more you can earn. For instance, if you deposited $10,000 into a money market account with a 4% APY, your total balance after one year would be $10,408.08, earning you $408.08 in interest.

To help you find the best money market accounts available today, we have compiled a list of the top options for you to consider. Additionally, we have provided a table featuring some of the best savings and money market account rates from our verified partners. Take advantage of these rates while they last and start earning more with your money market account today.