<ul><li>The average money market rate today is 0.53%, with Curinos reporting the best rate at 4.89%.</li><li>Money market accounts (MMA) are interest-bearing deposit accounts with higher interest rates than traditional savings accounts. They offer debit cards and check-writing capabilities, providing easy cash access.</li><li>MMA deposits at banks are insured by FDIC, and at credit unions, they are insured by NCUA, both covering up to $250,000 per account type in case of bank failure.</li><li>To open a money market account, compare yields, ensure you meet minimum requirements, consider fees and features, submit an application with personal details, and make the minimum opening deposit.</li></ul>

Money Market Interest Rates Today: May 29, 2025 – Earn Up To 4.89%

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