<ul data-eligibleForWebStory="true"><li>The current average money market rate is 0.53%, while the highest rate is up to 4.89%, according to Curinos.</li><li>Money market accounts are interest-bearing deposit accounts that function similarly to savings accounts, offering higher interest rates but requiring higher minimum deposits and balances.</li><li>Before opening a money market account, it's essential to compare options from various banks or credit unions based on minimum balance requirements, fees, withdrawal limits, and APYs to find the most suitable one.</li><li>Individuals can apply for a money market account either online or in person, providing personal details like name, employment status, address, Social Security number, and a government-issued ID for approval.</li></ul>

Money Market Interest Rates Today: June 30, 2025 – Rates At 4.89%

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