<ul><li>As of today, the highest money market rate is 4.89%, compared to a national average rate of 0.53%.</li><li>Money market accounts work similarly to savings accounts, where you deposit money to earn interest and have the flexibility to withdraw funds when needed.</li><li>Money market accounts usually offer higher interest rates than traditional savings accounts and may provide additional features like debit cards and check-writing capabilities.</li><li>MMAs at banks are insured by the FDIC, while those at credit unions are insured by the NCUA, with both offering up to $250,000 coverage per account type in case of bank failure.</li></ul>

Money Market Interest Rates Today: May 21, 2025 – Earn Up To 4.89%

Discover more