Best money market account rates today, February 21, 2026 (best account provides 4.01% APY)

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Find out how much you could earn with today’s money market account rates. Deposit interest rates (including money market account rates) have been falling over the past two years. That's why it’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance.

Overview of money market account rates today

The national average money market account rate stands at 0.56%, according to the FDIC. This might not seem like much, but consider that four years ago, it was just 0.07%. So by historical standards, money market account rates are still quite high.

Even so, some of the top accounts are currently offering over 4% APY. Since these rates may not be around much longer, consider opening a money market account now to take advantage of today’s high rates.

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

• TotalBank Online Money Market Deposit Account: 4.01% APY ($2,500 minimum balance required to earn highest rate)

• Quontic Bank: 4% APY

• Brilliant Bank Surge Money Market Account: 4% APY ($1,000 minimum balance required to earn highest rate)

• Northern Bank Direct Mon­ey Mar­ket Pre­mier Account: 4% APY

• Zynlo Money Market Account: 3.9% APY

• Redneck Bank Mega Money Market: 3.85% APY

• EverBank Yield Pledge Money Market Account: 3.8% APY

• HUSTL Digital Credit Union Money Market: 3.8%

• First Foundation Bank Online Money Market Account: 3.75% APY ($1,000 minimum balance required to earn highest rate)

• Prime Alliance Bank Personal Money Market Account: 3.75% APY

How much will $10,000 make in a money market account?

The amount of interest you can earn from a money market account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (money market account interest typically compounds daily).

Say you put $10,000 in an MMA at the average interest rate of 0.56% with daily compounding. At the end of one year, your balance would grow to $10,056.16 — your initial $10,000 deposit, plus $56.16 in interest.

Now let’s say you choose a high-yield money market account that offers 4% APY instead. In this case, your balance would grow to $10,408.08 over the same period, which includes $408.08 in interest.

Up Next

• Is a money market account a savings account?
• Money market account vs. CD: Which is the best for savings?
• Are money market accounts FDIC-insured?

Frequently asked questions about money market account rates

What is the downside of a money market account?

Compared to a traditional savings account, a money market account may come with more restrictions. For example, money market accounts often require a higher minimum balance in order to earn the best interest rate and/or avoid fees. Certain MMAs may also limit the number of withdrawals you can make per month (typically six).

Which bank gives 7% interest on savings accounts?

In general, there are no banks that offer a 7% interest rate on money market accounts or any other type of deposit account. That said, you may be able to find local banks and credit unions running limited-time promotional rates on certain accounts, which could be as high as 7%. However, promotional rates at this level often apply to a limited balance.

Read more: Do 7% interest savings accounts exist anymore?

Read More

How often do money market accounts pay interest?

Typically, money market account interest is compounded daily and added to your account monthly. Learn more about how to maximize your money market account earnings.

What is a jumbo money market account, and where can you find the best rates?

A jumbo MMA may pay a higher interest rate in exchange for a higher balance. So where can you find the best jumbo money market rates? And are they worth it?

10 best high-yield savings accounts for February 2026: Earn up to 4% APY

These are the best high-yield savings accounts today. We evaluated dozens of accounts to find the 10 best. See our picks based on interest rates, fees, and more.

Best 1-year CD rates for February 2026: Lock in up to 4% APY for the next 12 months

Compare today’s best 1-year CD rates, see which banks offer the highest yields, and learn how to lock in a guaranteed return on your savings.

CD vs. money market account: What's the difference?

Comparing a CD with a money market account can help you decide which is right for you.

Here’s how much you’d earn by putting $10,000 in a CD for 5 years

CDs allow you to earn a guaranteed interest rate for a set period of time. So, how much could you earn by putting $10,000 in a CD for five years?

Up Next

• Is a money market account a savings account?
• Money market account vs. CD: Which is the best for savings?
• Are money market accounts FDIC-insured?