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Find out which banks are offering the top rates.Money market accounts(MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along withliquidityand flexibility.
Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges anddebit cardaccess.
This makes these accounts ideal for holding long-term savings that you want to grow over time, but can still access when needed for certain purchases or bills.
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Even though rates have been falling over the past several months, it's still possible to find money market accounts that pay more than 4% APY.
Here is a look at some of today's best money market account rates, Monday, May 11, 2026: TotalBank Online Money Market Deposit Account: 4.01% APY ($2,500 minimum balance required to earn highest rate) Brilliant Bank Surge Money Market Account: 4% APY ($1,000 minimum balance required to earn highest rate) Redneck Bank Mega Money Market: 3.85% APY EverBank Yield Pledge Money Market Account: 3.80% APY First Foundation Bank Online Money Market Account: 3.75% APY ($1,000 minimum balance required to earn highest rate) Prime Alliance Bank Personal Money Market Account: 3.75% APY Money market account rates have fluctuated significantly in recent years, largely due to changes in the Federal Reserve's target interest rate.
In the wake of the 2008 financial crisis, for example, interest rates were kept extremely low to stimulate the economy.
The Fed slashed thefederal funds rateto near zero, which led to very low MMA rates.
During this time, money market account rates were typically around 0.10% to 0.50%, with many accounts offering rates on the lower end of that range.
Eventually, the Fed began raising interest rates gradually as the economy improved.
This led to higher yields on savings products, including MMAs.
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