Best money market account rates today, February 27, 2026 (up to 4.01% APY return)

Find out which banks offer the best MMA rates right now. The Federal Reserve has decided to raise the federal funds rate three times in 2024 and three times in 2025. As a result, deposit interest rates – including money market account rates – have been falling.

It’s more important than ever to compare MMA rates and make sure you’re getting as much money as possible from your balance.

Although money market account rates are high by historical standards, the national average MMA rate is only 0.56%, according to the FDIC. The good news: High-yield money market accounts offer more than 4% APY — more than six times the national average.

That’s why it’s important to shop around before opening a money market account. Interest rates vary widely, but there are several banks (especially online banks) and credit unions with very competitive offers.

Here’s a look at some of the top MMA ratings available today:

Online banking works only through the web. This significantly reduces their costs, so they are able to pass those savings on to customers in the form of higher deposit rates and lower fees. If you’re looking for the best money market account rates, online banks are a great place to start.

That said, online banks aren’t the only place you can find savings accounts with 3% to 4% APY rates. Credit unions are not-for-profit financial cooperatives, and they are known for offering competitive rates and low fees. Most credit unions have certain requirements that must be met to become a member, although some allow anyone to join.

Read more: Are online banks really safe?

Money market accounts can be a good option for short-term savings goals, such as building an emergency fund or setting aside money for future expenses. They usually offer higher interest rates than regular savings accounts, and they offer easier access to your money compared to other options like certificates of deposit (CDs).

Money market accounts are also considered low risk, and are FDIC insured up to a $250,000 bond per person, per institution. This makes them safer than money market funds, which can be subject to market risk.

However, keep in mind that most money market accounts require a minimum balance to open the account and earn the highest advertised rate. If you can’t maintain this balance, you may incur fees or miss out on the best rates.

And while you can generally access your funds as needed, MMAs can limit the number of transactions you can make each month. If you need constant access to your money, this may be a consideration.

Read more: Is there a penalty for withdrawing from your money market account?

If a money market account makes sense:

• You want to earn more interest than a regular savings account without locking up your money in a CD.

• You can keep a small balance to avoid fees.

• You want to keep funds easily accessible for emergencies or near-term expenses.

Currently, the average money market account is 0.56%. However, several high-yield accounts pay more than 4% or more. If you are considering opening a money market account, be sure to shop around and compare rates.

No single account or investment guarantees a 12% return. However, if your goal is to get a solid return on your money and grow your wealth significantly, investing in stock markets like stocks, mutual funds, and exchange-traded funds is the best strategy to do so. The stock market returns about 10% a year, on average.

If you’re not sure where to start, it can be helpful to talk to a financial advisor about your financial goals and priorities. Alternatively, you can sign up with a robo-advisor, which is an automated, cost-effective way to manage your portfolio.

Read more: Robo Advisor: How to start investing fast