Top Money Market Account Rates

 As of Monday, June 8, 2026, the top money market account (MMA) rates remain highly competitive, with the best accounts offering up to 4.01% APY. However, the broader trend is one of gradual decline, as the Federal Reserve cut its target rate three times in 2025 and has held rates steady so far in 2026. The national average MMA rate currently sits at just 0.57% APY (per the FDIC), making it especially important to shop around.



Top Money Market Account Rates (June 8, 2026)







Bank / Account



APY



Minimum Balance for Highest Rate





TotalBank Online Money Market Deposit Account



4.01%



$2,500





Brilliant Bank Surge Money Market Account



4.00%



$1,000





Quontic Bank Money Market Account



4.00%



Varies





Zynlo Bank Money Market Account



3.90%



Any balance





All America Bank / Redneck Bank Mega Money Market



3.85%



Varies





Quontic Bank



3.80%



Any balance





EverBank Yield Pledge Money Market



3.80%



Varies





CFG High Yield Money Market



3.80%



Varies





First Foundation Bank Online MMA



3.75%



$1,000





Prime Alliance Bank Personal MMA



3.75%



Varies





Sallie Mae Bank MMA



3.50%–3.65%



Varies





Ally Bank MMA



3.10%–3.20%



None



How Much Can You Earn?

The amount you earn depends on your deposit size and the APY. Here are some quick comparisons at 4.00% APY with daily compounding:





$1,000 deposited: Grows to ~$1,040.81 after one year (+$40.81 in interest)



$10,000 deposited: Grows to ~$10,408.08 after one year (+$408.08 in interest)

Compare this to the national average of 0.57% APY, where a $1,000 deposit would earn only ~$5.72 over the same period.



Key Takeaways and Context





Rates are trending down: With three Fed rate cuts in 2025 and rates held in 2026, MMA yields are gradually declining. Locking in a high rate now may be advantageous.



Minimum balances matter: The top rate of 4.01% (TotalBank) requires a $2,500 minimum. Check requirements carefully before opening.



Consider alternatives: High-yield savings accounts currently offer up to 4.10% APY, and 1-year CDs offer up to 4.1% APY — both worth comparing to MMAs.



FDIC/NCUA insurance: Most bank MMAs are FDIC-insured (up to $250,000), and credit union accounts are NCUA-insured, offering a safe way to earn higher yields.



Variable rates: All MMA rates are variable and can change at any time, so monitor your account regularly.

Note: Rates are subject to change. Always verify the current rate directly with the institution before opening an account.