<ul><li>The current average money market rate is 0.56%, while the highest rate is up to 5.00%.</li><li>Money market accounts are interest-bearing deposit accounts that work similarly to savings accounts.</li><li>Compared to regular savings accounts, money market accounts usually offer higher interest rates.</li><li>Before opening a money market account, compare options with different banks or credit unions for the best fit.</li></ul>

Money Market Interest Rates Today: December 17, 2024 — Rates Move Downward

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