Learn how a lot you could possibly earn with immediately’s money market account rates. The Federal Reserve minimize its goal charge thrice 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’s extra vital than ever to check MMA charges and make sure you earn as a lot as doable in your stability.
Overview of cash market account charges immediately
The national average money market account rate stands at 0.57%, in response to the FDIC.
Even so, among the high accounts are presently providing charges as excessive as 3%-4% APY. Since these charges is probably not round for much longer, contemplate opening a cash market account now to benefit from immediately’s excessive charges.
Right here’s a take a look at among the high MMA charges out there immediately, Sunday, Could 31, 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 is determined by the annual percentage rate (APY). It is a measure of your complete earnings after one yr when contemplating the bottom rate of interest and the way typically curiosity compounds (cash market account curiosity usually 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 yr, your stability 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 an alternative. On this case, your stability 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 complete stability after one yr could be $10,408.08, which means you’d earn $408.08 in curiosity.
