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Money Market Interest Rates Today: May 23, 2025 – Earn Up To 4.89%

  • The average money market rate today is 0.53%, with the highest rate being 4.89% from Curinos.
  • A money market account is an interest-bearing deposit account that can be opened at a bank or credit union, insured up to $250,000 by the FDIC at banks or the NCUA at credit unions.
  • Money market accounts offer higher interest rates than typical savings accounts but may have higher minimum deposit and balance requirements.
  • To open a money market account, compare rates, ensure you can meet minimum requirements, consider fees and features, then submit an application with personal information and make the required initial deposit.

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