Learn how a lot you can earn with in the present day’s money market account rates. The Federal Reserve lower its goal fee 3 times in 2025 and has left charges alone up to now in 2026. So deposit charges — together with cash market account (MMA) charges — have been steadily declining. It’s extra necessary than ever to check MMA charges and make sure you earn as a lot as doable in your steadiness.
Overview of cash market account charges in the present day
The national average money market account rate stands at 0.57%, in line with the FDIC.
Even so, a number of the prime accounts are at present providing charges as excessive as 3%-4% APY. Since these charges will not be round for much longer, contemplate opening a cash market account now to benefit from in the present day’s excessive charges.
Right here’s a take a look at a number of the prime MMA charges obtainable in the present day, Sunday, Might 24, 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 yr when contemplating the bottom rate of interest and the way typically curiosity compounds (cash market account curiosity sometimes compounds each day).
Say you place $1,000 in an MMA on the common rate of interest of 0.57% with each day compounding. On the finish of 1 yr, 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 identical instance of a cash market account at 4% APY, however deposited $10,000, your whole steadiness after one yr could be $10,408.08, that means you’d earn $408.08 in curiosity. ​​
