<ul><li>The average money market rate today is 0.53%, but the best rate available is 4.89%.</li><li>Money market accounts function like interest-bearing deposit accounts, offering higher interest rates compared to regular savings accounts.</li><li>These accounts are insured by the FDIC for banks and the NCUA for credit unions up to $250,000 per depositor.</li><li>Before opening a money market account, compare rates, minimum deposits, fees, and withdrawal limits at different banks or credit unions to find the best fit.</li></ul>

Money Market Interest Rates Today: May 15, 2025 – Rates At 4.89%

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