<ul><li>Today's highest money market rate is 4.89%, with a national average of 0.53% reported by Curinos.</li><li>Money market accounts are interest-bearing deposit accounts similar to savings accounts, insured by the FDIC for banks and the NCUA for credit unions up to $250,000 per depositor.</li><li>Compared to savings accounts, money market accounts generally offer higher interest rates but may require higher minimum deposits and balances.</li><li>When opening a money market account, consider factors like interest rates, minimum balance requirements, fees, and withdrawal limits across various institutions to find the best fit.</li></ul>

Money Market Interest Rates Today: May 8, 2025 – Rates At 4.89%

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