<ul data-eligibleForWebStory="true"><li>The highest money market rate as of today is 4.89%, significantly higher than the national average of 0.53%.</li><li>Money market accounts, or MMAs, 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>MMAs allow funds to grow with interest and offer flexibility for adding or withdrawing funds, potentially with checks or debit cards.</li><li>These accounts may have higher interest rates than regular savings accounts but often require higher minimum deposits.</li><li>It's advisable to compare different MMAs from various institutions based on criteria like minimum balance requirements, fees, withdrawal limits, and APYs to find the most suitable option.</li><li>When opening an MMA, applications can usually be completed online or in person, requiring personal information and a government-issued ID.</li><li>Money market accounts blend characteristics of both savings and checking accounts, combining interest growth with transactional capabilities.</li></ul>

Money Market Interest Rates Today: June 25, 2025 – Rates At 4.89%

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