<ul><li>The current average money market rate is 0.53%, with the highest rate at 4.89% as reported by Curinos.</li><li>Money market accounts are interest-bearing deposit accounts that can be opened at banks or credit unions, offering FDIC or NCUA insurance up to $250,000 per depositor in case of bank failure.</li><li>MMAs allow funds to grow with interest, permit additions or withdrawals at any time, and may have check-writing or debit card capabilities, although transactions may be limited to six per statement period.</li><li>When considering an MMA, compare options from different institutions based on minimum balance requirements, fees, withdrawal limits, and APYs to make an informed choice and ensure earning the highest interest rates.</li></ul>

Today’s Top Money Market Account Rates For May 30, 2025 – Rates Hit 4.89%

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