<ul><li>The current average money market rate is 0.53%, with the highest rate reaching up to 4.89%, as reported by Curinos.</li><li>Money market accounts (MMA) are interest-bearing deposit accounts that can be opened at banks or credit unions, offering insurance up to $250,000 per depositor by either the FDIC at banks or the NCUA at credit unions.</li><li>MMAs allow your money to grow through interest earnings, offer flexibility in adding or withdrawing funds, and may provide check writing or debit card features. However, they often have higher minimum deposit and balance requirements compared to regular savings accounts.</li><li>To open a money market account, compare rates, ensure you meet the minimum requirements, consider fees and withdrawal limits, and submit an application online or at a bank branch providing necessary personal and financial information, and making the required minimum deposit.</li></ul>

Money Market Interest Rates Today: May 19, 2025 – Earn Up To 4.89%

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