<ul><li>The current average money market rate is 0.53%, with the highest rate reaching up to 4.89% as per Curinos.</li><li>Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions allowing deposits, interest earnings, and withdrawals with some limitations.</li><li>MMAs typically offer higher interest rates compared to traditional savings accounts and may provide debit cards or check-writing capabilities for easy cash access.</li><li>MMAs are insured by either FDIC or NCUA, providing up to $250,000 coverage per account type. It's advised to explore different options, compare rates, fees, and requirements before opening a money market account.</li></ul>

Today’s Top Money Market Account Rates For June 5, 2025 – Rates Hit 4.89%

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