<ul><li>The average money market rate today is 0.53%, with the highest rate being 4.89% according to Curinos.</li><li>Money market accounts are interest-bearing deposit accounts that can be opened at banks or credit unions, insured up to $250,000 per depositor by the FDIC at banks or the NCUA at credit unions.</li><li>Money market accounts offer higher interest rates than typical savings accounts but may require higher minimum deposits and balances. They allow for growth through interest earnings, with the flexibility to add or withdraw funds as needed.</li><li>When considering a money market account, it is important to compare rates, minimum balance requirements, fees, and withdrawal limits. Applications can typically be submitted online or in person, requiring basic information and a government-issued ID for approval.</li></ul>

Money Market Interest Rates Today: June 10, 2025 – Earn Up To 4.89%

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