Best money market account rates today, February 12, 2026 (earn up to 4.1% APY)

Find out which banks are offering the best MMA rates right now. As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but may also include a debit card and/or check-writing capabilities.

Wondering where the top money market account rates can be found today? Here’s what you need to know.

From a historical perspective, money market account interest rates have been quite high. The national average interest rate for money market accounts is just 0.56%, according to the FDIC, but the top money market account rates often pay above 4% APY or even more — similar to the rates offered on high-yield savings accounts.

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

Additionally, the table below features some of the best savings and money market account rates available today from our verified partners.

Between July 2023 and September 2024, the Fed maintained a target range for its federal funds rate of 5.25%–5.50%. However, as inflation cooled and the economy improved, the Fed slashed the federal funds rate three times that year.

In 2025, the Fed made three additional rate cuts. As a result the federal funds rate now stands at 3.50% -3.75%. Deposit account rates have been on a steady decline, meaning now might be the last chance for savers to take advantage of today’s higher rates.

Read more: Can you lose money in a money market account?

Considering that money market account rates are still elevated, these accounts are an attractive option for savers. Even so, deciding whether it’s the right time to put money in a money market account also depends on your financial goals and the broader economic conditions. Here are some key factors to consider:

• Liquidity needs: Money market accounts offer easy access to your money since they often come with check-writing capabilities or debit card access (though there may be a cap on monthly withdrawals). If you need to keep your money accessible while still earning a decent yield, a money market account could be ideal.

• Savings goals: If you have short-term savings goals or want to build an emergency fund, a money market account can provide a safer place for your cash, with returns that are better than most traditional savings accounts.

• Risk tolerance: For conservative savers who prefer to avoid the ups and downs of the stock market, money market accounts are appealing because they are backed by FDIC insurance and can’t lose principal. However, if you’re saving for a long-term goal like retirement, riskier investments are necessary to generate higher returns that will get you to your savings target.

Given that interest rates are still elevated, now could be a good time to consider a money market account, especially if you’re seeking a balance of safety, liquidity, and better returns than traditional savings accounts. Comparing rates from different institutions will help you find the best options available.

Today’s money market account rates vary quite a bit across different financial institutions. Though the national average rate for an MMA is currently 0.56%, there are some banks offering well above 4% APY. In general, you won’t find money market rates above 4.5%.

Unfortunately, there are very few accounts that offer 7% interest. Those that do exist are limited-time promotions, and are typically found on checking accounts. There are currently no money market accounts that pay 7%.