Learn the way a lot you can earn with at this time’s money market account rates. The Federal Reserve lower its goal fee thrice in 2025 and has left charges alone to this point in 2026. So deposit charges — together with cash market account (MMA) charges — have been steadily declining. It’s extra vital than ever to match MMA charges and make sure you earn as a lot as potential in your steadiness.
Overview of cash market account charges at this time
The national average money market account rate stands at 0.57%, in accordance with the FDIC.
Even so, a few of the high accounts are at the moment providing charges as excessive as 3%-4% APY. Since these charges will not be round for much longer, take into account opening a cash market account now to make the most of at this time’s excessive charges.
Right here’s a have a look at a few of the high MMA charges accessible at this time, Sunday, Could 10, 2026:
How a lot curiosity can I earn with a cash market account?
The quantity of curiosity you possibly can earn from a cash market account will depend on the annual percentage rate (APY). It is a measure of your whole earnings after one 12 months when contemplating the bottom rate of interest and the way usually curiosity compounds (cash market account curiosity sometimes compounds every day).
Say you set $1,000 in an MMA on the common rate of interest of 0.57% with every day compounding. On the finish of 1 12 months, your steadiness would develop to $1,005.72 — your preliminary $1,000 deposit, plus $5.72 in curiosity.
Now, let’s say you select a high-yield cash market account that provides 4% APY as a substitute. On this case, your steadiness would develop to $1,040.81 over the identical interval, which incorporates $40.81 in curiosity.
The extra you deposit in a cash market account, the extra you stand to earn. If we took our similar instance of a cash market account at 4% APY, however deposited $10,000, your whole steadiness after one 12 months can be $10,408.08, which means you’d earn $408.08 in curiosity.
