<ul><li>The current average money market rate is 0.53%, with the highest rate going up to 4.89% as reported by Curinos.</li><li>Money market accounts are interest-bearing deposit accounts similar to savings accounts, insured by FDIC for banks and NCUA for credit unions up to $250,000 per depositor.</li><li>Compared to regular savings accounts, money market accounts generally offer higher interest rates but may require higher minimum deposits and balances.</li><li>To choose the best money market account, compare minimum balance requirements, monthly fees, withdrawal limits, and annual percentage yields from different banks or credit unions. Pay attention to the conditions to earn the highest interest rates.</li></ul>

Money Market Interest Rates Today: May 2, 2025 – Earn Up To 4.89%

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