Money Market Account Rates: 4.01% APY with Minimum Balance Required

Published on Β· Source: finance.yahoo.com

Money Market Account Rates: 4.01% APY with Minimum Balance Required

AI Summary

Summarized by AI from the source below

As of May 9, 2026, the national average money market account rate stands at 0.57%, up from 0.07% four years ago. Some high-yield accounts offer rates above 4%, such as TotalBank at 4.01% APY, requiring a $2,500 minimum balance. Other notable accounts include Brilliant Bank at 4% and Zynlo at 3.90%. A $10,000 deposit in a high-yield account at 4% APY could grow to $10,408.08 in a year, representing $408.08 in interest earned.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

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