Greatest cash market account charges right this moment, September 21, 2025 (finest account supplies 4.4% APY)
Learn the way a lot you might earn with right this moment’s cash market account charges. The Federal Reserve minimize its goal price 3 times in 2024 and just lately minimize charges for the primary time in 2025. So deposit charges — together with cash market account (MMA) charges — have began falling. It’s extra vital than ever to match MMA charges and make sure you earn as a lot as potential in your steadiness.
The nationwide common cash market account price stands at 0.59%, in line with the FDIC.
Even so, a few of the high accounts are presently providing charges of 4% APY and up. Since these charges might not be round for much longer, think about opening a cash market account now to benefit from right this moment’s excessive charges.
Right here’s a take a look at a few of the high MMA charges accessible right this moment:
Moreover, the desk under options a few of the finest financial savings and cash market account charges accessible right this moment from our verified companions.
The quantity of curiosity you possibly can earn from a cash market account is dependent upon the annual share price (APY). It is a measure of your whole earnings after one yr 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 0.59% with each day compounding. On the finish of 1 yr, your steadiness would develop to $1,005.92 — your preliminary $1,000 deposit, plus $5.92 in curiosity.
Now let’s say you select a high-yield cash market account that gives 4% APY as an alternative. On this case, your steadiness 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 steadiness after one yr could be $10,408.08, that means you’d earn $408.08 in curiosity.
