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Today’s Top Money Market Account Rates For December 9, 2024 — Rates Move Downward

  • The highest money market rate as of today is 5.00%, while the national average rate is 0.56%.
  • Money market accounts (MMA) are interest-bearing deposit accounts that can be opened at banks or credit unions, insured up to $250,000 per depositor.
  • MMAs offer higher interest rates compared to regular savings accounts, but may require higher minimum deposits and balances.
  • When opening an MMA, it's important to compare rates, minimum balance requirements, fees, and withdrawal limits to find the best option.

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