<ul data-eligibleForWebStory="true"><li>The current average money market rate is 0.53%, but the best rate available today is 4.89%.</li><li>A money market account is an interest-bearing deposit account that can be opened at a bank or credit union, with deposits insured up to $250,000 per depositor by the FDIC at banks or the NCUA at credit unions.</li><li>Money market accounts may offer higher interest rates than regular savings accounts, but they often require higher minimum deposits and balances. They allow you to earn interest on your money while providing the flexibility to add or withdraw funds, although there may be transaction limitations.</li><li>To open a money market account, compare the available yields, ensure you meet the minimum requirements, consider account fees and features, submit an application with personal information, and make at least the minimum opening deposit once approved.</li></ul>

Money Market Interest Rates Today: July 1, 2025 – Earn Up To 4.89%

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