<ul><li>The current average money market rate is 0.54%, while the highest rate is up to 4.89%.</li><li>Money market accounts work similarly to savings accounts, with higher interest rates but require higher minimum deposits and balances.</li><li>Before opening a money market account, compare different options with regard to minimum balance requirements, monthly fees, withdrawal limits, and annual percentage yields.</li><li>To open a money market account, you can apply online or in person by providing personal information and making an initial deposit.</li></ul>

Today’s Top Money Market Account Rates For March 18, 2025 – Rates Hit 4.89%

Discover more