<ul><li>The current average money market rate is 0.53%, with the highest rate at 4.89% based on information from Curinos.</li><li>Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions, with deposits insured up to $250,000 per depositor by the FDIC or NCUA.</li><li>MMAs allow funds to earn interest, offer flexibility for withdrawals or deposits, and may have check writing or debit card features. However, transaction limits per statement period can apply.</li><li>When considering opening a MMA, compare offerings from different financial institutions, including minimum balance requirements, fees, withdrawal limits, APYs, and conditions for earning the highest interest rates.</li></ul>

Money Market Interest Rates Today: May 6, 2025 – Rates At 4.89%

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