<ul><li>Current average money market rate is 0.53%, with the best rate being 4.89% as per Curinos.</li><li>Money market accounts are interest-bearing deposit accounts similar to savings accounts, insured by FDIC for banks and NCUA for credit unions.</li><li>Money market accounts offer higher interest rates compared to regular savings accounts, but usually require higher minimum deposits and balances.</li><li>When opening a money market account, compare rates, minimum balance requirements, monthly fees, and withdrawal limits to find a suitable option.</li></ul>

Today’s Top Money Market Account Rates For May 20, 2025 – Rates Hit 4.89%

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