MMA News & Analysis
4 articles
Market Mood
Money Market Account Rates: 4.01% APY with Minimum Balance Required
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.
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Best Money Market Account Rates: 4.01% APY Available Today
As of April 26, 2026, the best money market account (MMA) rates offer an annual percentage yield (APY) of 4.01%, with several banks providing competitive rates. The national average MMA rate is currently 0.57%, as reported by the FDIC. Top accounts include TotalBank (4.01% APY) and Brilliant Bank (4% APY), which require a minimum balance of $2,500 and $1,000, respectively. Given a $1,000 deposit at 4% APY, the account balance would grow to $1,040.81 after one year, highlighting the benefits of higher rates amid declining deposit rates from Federal Reserve cuts in 2025.
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Money Market Account Rates Show 4.01% APY Options for 2026
As of April 12, 2026, the national average money market account (MMA) rate is 0.56%, but some accounts offer rates up to 4.01% APY. The Federal Reserve cut its target rate three times in 2025, contributing to a decline in deposit rates. Top accounts include TotalBank Online at 4.01% APY and several others offering rates between 3% and 4%. With higher rates available, consumers may benefit from comparing MMA options to optimize their earnings.
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Money Market Accounts Offer Up to 4.01% APY Rates Today
In April 2026, top money market account (MMA) rates are reported up to 4.01% APY, significantly higher than the national average of 0.56%, according to the FDIC. Notable accounts include TotalBank offering 4.01% APY and Quontic Bank with 4% APY. The Federal Reserve cut its target rate three times in 2025, resulting in a decline of deposit rates. Potential customers are advised to compare rates and possibly open accounts to maximize earnings given the current high APY offerings.
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