<ul><li>The current average money market rate is 0.54%, with the highest rate reaching up to 4.89%.</li><li>Money market accounts are interest-bearing deposit accounts that offer higher interest rates compared to regular savings accounts.</li><li>To open a money market account, it is advisable to compare options at different banks or credit unions, considering minimum balance and deposit requirements, monthly fees, and withdrawal limits.</li><li>Money market accounts provide convenient fund accessibility and can be opened online or in person by submitting an application along with required documents.</li></ul>

Money Market Interest Rates Today: February 20, 2025 – Rates At 4.89%

Discover more