<ul data-eligibleForWebStory="false"><li>The current average money market rate is 0.53%, with the highest rate reaching up to 4.5% as reported by Curinos.</li><li>Money market accounts are interest-bearing deposit accounts that function like savings accounts, with deposits earning interest over time. They are insured by the FDIC for banks and the NCUA for credit unions up to $250,000 per depositor.</li><li>Compared to regular savings accounts, money market accounts generally offer higher interest rates but may require higher minimum deposits and balances to qualify.</li><li>Before opening a money market account, it is advisable to compare options from different institutions, considering factors such as minimum balance requirements, fees, withdrawal limits, and annual percentage yields to select the most suitable option.</li></ul>

Today’s Top Money Market Account Rates For July 9, 2025 – Rates Hit 4.5%

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