<ul data-eligibleForWebStory="false">Money market rates today range from an average of 0.53% to a high of 4.5%.Money market accounts pay higher interest rates than traditional savings accounts, offer debit cards, and check-writing capabilities.Accounts are insured by the FDIC or NCUA up to $250,000 per account, protecting money in case of bank failure.To open an account, compare yields, ensure you can meet minimum requirements, be mindful of fees and consider account features.