Money Market Account Offers Up to 4.01% APY as Rates Decline
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAs of May 31, 2026, the national average money market account (MMA) rate stands at 0.57%, according to the FDIC. However, some accounts offer higher rates, with TotalBank's MMA providing 4.01% APY and Brilliant Bank's at 4% APY. The Federal Reserve has cut its target rate three times in 2025, contributing to a decline in deposit rates. Potential investors may benefit from opening accounts now to secure higher returns before rates change further.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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