Learn how a lot you could possibly earn with as we speak’s money market account rates. The Federal Reserve lower its goal price 3 times in 2025 and has left charges alone thus far in 2026. So deposit charges — together with cash market account (MMA) charges — have been steadily declining. It is extra essential than ever to check MMA charges and make sure you earn as a lot as attainable in your steadiness.
Overview of cash market account charges as we speak
The national average money market account rate stands at 0.57%, in response to the FDIC.
Even so, a few of the high accounts are at present providing charges as excessive as 3%-4% APY. Since these charges is probably not round for much longer, think about opening a cash market account now to make the most of as we speak’s excessive charges.
This is a have a look at a few of the high MMA charges out there as we speak, Sunday, June 7, 2026:
How a lot curiosity can I earn with a cash market account?
The quantity of curiosity you’ll be able to earn from a cash market account relies on the annual percentage rate (APY). This can be 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, as an example you select a high-yield cash market account that gives 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 can be $10,408.08, that means you’d earn $408.08 in curiosity.
