Finest cash market account charges at the moment, August 3, 2025 (greatest account supplies 4.41% APY)
Learn how a lot you would earn with at the moment’s cash market account charges. The Federal Reserve minimize its goal charge 3 times in 2024. So deposit charges — together with cash market account (MMA) charges — have began falling. It’s extra essential than ever to match MMA charges and make sure you earn as a lot as attainable in your stability.
The nationwide common cash market account charge stands at 0.62%, in response to the FDIC.
Even so, among the high accounts are at present providing charges of 4% APY and up. Since these charges will not be round for much longer, think about opening a cash market account now to make the most of at the moment’s excessive charges.
Right here’s a take a look at among the high MMA charges out there at the moment:
See our picks for the ten greatest cash market accounts out there at the moment>>
Moreover, the desk under options among the greatest financial savings and cash market account charges out there at the moment from our verified companions.
The quantity of curiosity you may earn from a cash market account will depend on the annual proportion charge (APY). This can be a measure of your whole earnings after one 12 months when contemplating the bottom rate of interest and the way usually curiosity compounds (cash market account curiosity usually compounds each day).
Say you place $1,000 in an MMA on the common rate of interest of 0.64% with each day compounding. On the finish of 1 12 months, your stability would develop to $1,006.42 — your preliminary $1,000 deposit, plus simply $6.42 in curiosity.
Now let’s say you select a high-yield cash market account that provides 4% APY as a substitute. 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 deposit $10,000, your whole stability after one 12 months can be $10,408.08, which means you’d earn $408.08 in curiosity.
