<ul><li>The current average money market rate is 0.53%, with the highest rate reaching 4.89%.</li><li>A money market account is an interest-bearing deposit account that can be opened at a bank or credit union, insured up to $250,000 per depositor by the FDIC or NCUA.</li><li>Money market accounts may offer higher interest rates than regular savings accounts, requiring higher minimum deposits and balances, with limits on transactions per statement period.</li><li>When considering a money market account, compare rates, minimum balance requirements, fees, and withdrawal limits across different institutions to find a competitive option..</li></ul>

Today’s Top Money Market Account Rates For May 22, 2025 – Rates Hit 4.89%

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