{"id":304,"date":"2025-07-21T10:00:11","date_gmt":"2025-07-21T10:00:11","guid":{"rendered":"https:\/\/wernikovlaptu.com\/?p=304"},"modified":"2025-07-21T13:05:55","modified_gmt":"2025-07-21T13:05:55","slug":"money-market-interest-rates-today-july-21-2025-rates-at-4-5","status":"publish","type":"post","link":"https:\/\/wernikovlaptu.com\/index.php\/2025\/07\/21\/money-market-interest-rates-today-july-21-2025-rates-at-4-5\/","title":{"rendered":"Money Market Interest Rates Today: July 21, 2025 \u2013 Rates At 4.5%"},"content":{"rendered":"<div class=\"key-takeaways-wrapper\">\n<h2 class=\"key-takeaways-wrapper__title\">Key Takeaways<\/h2>\n<div class=\"key-takeaways-content block-contents\">\n<ul>\n<li>The highest money market account rate available today is 4.50%<\/li>\n<li>Changes from the Fed or your bank can quickly change money market rates<\/li>\n<li>Online banks typically offer the most competitive yields on the market<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">Current Money Market Rates<\/h2>\n<p>As of today, the highest money market rate is 4.5%, compared to a national average rate of 0.52%, according to Curinos.<\/p>\n<p>Here are today&#8217;s money market account rates:<\/p>\n<p>!function(){&#8220;use strict&#8221;;window.addEventListener(&#8220;message&#8221;,(function(a){if(void 0!==a.data[&#8220;datawrapper-height&#8221;]){var e=document.querySelectorAll(&#8220;iframe&#8221;);for(var t in a.data[&#8220;datawrapper-height&#8221;])for(var r=0;r&lt;e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[&quot;datawrapper-height&quot;][t]+&quot;px&quot;;e[r].style.height=i}}}))}(); <\/p>\n<h2 class=\"wp-block-heading\">Average Money Market Rates<\/h2>\n<p>!function(){&#8220;use strict&#8221;;window.addEventListener(&#8220;message&#8221;,(function(a){if(void 0!==a.data[&#8220;datawrapper-height&#8221;]){var e=document.querySelectorAll(&#8220;iframe&#8221;);for(var t in a.data[&#8220;datawrapper-height&#8221;])for(var r=0;r&lt;e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[&quot;datawrapper-height&quot;][t]+&quot;px&quot;;e[r].style.height=i}}}))}(); <\/p>\n<h2 class=\"wp-block-heading\">How Does a Money Market Account Work?<\/h2>\n<p><span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;Money market account&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>Money market account<\/a><\/span> are interest-bearing deposit accounts that work similarly to savings accounts. You deposit money whenever you have some to spare and it grows more interest the longer you leave it alone. These accounts are insured by the Federal Deposit Insurance Corp. (FDIC) for banks and the National Credit Union Administration (NCUA) for credit unions up to $250,000 per depositor. Money market accounts offer convenient fund accessibility, often including checks and debit cards, though you might be limited to six monthly transactions.<\/p>\n<p>Compared to regular savings accounts, money market accounts usually offer higher interest rates. However, they tend to require higher <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;minimum deposits and balances&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>minimum deposits and balances<\/a><\/span> to earn these.<\/p>\n<h2 class=\"wp-block-heading\">How To Open a Money Market Account<\/h2>\n<p>Before <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;opening a money market account&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>opening a money market account<\/a><\/span>, look into at least a few options with different banks or credit unions. Compare minimum balance requirements, monthly fees, withdrawal limits and annual percentage yields (APYs) to choose the best fit. Also, check out the conditions to earn the highest interest rates.<\/p>\n<p>You can typically apply for a money market account online or in person. You will need to provide personal information such as your name, employment status and income, address and Social Security number, and show a government-issued ID. Once you\u2019re approved, you can make your initial deposit.<\/p>\n<h2 class=\"wp-block-heading\">Money Market Account vs. Savings Account<\/h2>\n<p>Money market accounts work like a combination of a <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;savings account&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>savings account<\/a><\/span> and a checking account. Both MMAs and savings accounts:<\/p>\n<ul>\n<li>Let you deposit funds as you please<\/li>\n<li>Earn interest on your savings<\/li>\n<li>Are highly liquid<\/li>\n<li>Are safe deposit accounts<\/li>\n<li>May have withdrawal restrictions, balance requirements and monthly fees<\/li>\n<\/ul>\n<p>Similar to checking accounts and unlike most savings, money market accounts:<\/p>\n<ul>\n<li>Can come with debit cards, checks or both<\/li>\n<li>Tend to have higher fees<\/li>\n<li>Tend to have deposit and balance requirements<\/li>\n<\/ul>\n<h2 class=\"faq-title\" id=\"frequently-asked-questions-faqs-\">\n\tFrequently Asked Questions (FAQs)<br \/>\n<\/h2>\n<div class=\"main-faqs\">\n<div class=\"faqs\">\n<div class=\"faq-question\">\n<div class=\"plus-minus\"><\/div>\n<h3 class=\"question-text\">How often do money market rates change?<\/h3>\n<\/div>\n<div class=\"faq-answer wysiwyg-content\">\n<p>Money market rates are variable and can change when economic conditions change, such as when the Federal Reserve alters interest rates or due to circumstances at a specific bank. There is no set schedule for when or by how much MMA rates change, so be on the lookout for notifications from your financial institution.<\/p>\n<\/div>\n<\/div>\n<div class=\"faqs\">\n<div class=\"faq-question\">\n<div class=\"plus-minus\"><\/div>\n<h3 class=\"question-text\">How are money market rates determined?<\/h3>\n<\/div>\n<div class=\"faq-answer wysiwyg-content\">\n<p>Banks set money market account rates. The specific rate offered by an institution reflects the general interest rate environment and the bank&#8217;s economics. For instance, a new online-only financial institution may offer a high rate to gain customers, whereas an established bank could count on generations of depositors.<\/p>\n<\/div>\n<\/div>\n<div class=\"faqs\">\n<div class=\"faq-question\">\n<div class=\"plus-minus\"><\/div>\n<h3 class=\"question-text\">How can I calculate interest on a money market account?<\/h3>\n<\/div>\n<div class=\"faq-answer wysiwyg-content\">\n<p>You can use a <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;money market account calculator&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>money market account calculator<\/a><\/span> to see how much interest you&#8217;ll earn. The amount of interest you earn is determined by the principal amount you deposit, the interest rate offered by your bank and the amount of time you save.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The highest money market account rate available today is 4.50% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates As of today, the highest money market rate is 4.5%, compared to a national average rate of 0.52%, according to Curinos. Here are today&#8217;s money market account rates: !function(){&#8220;use strict&#8221;;window.addEventListener(&#8220;message&#8221;,(function(a){if(void 0!==a.data[&#8220;datawrapper-height&#8221;]){var e=document.querySelectorAll(&#8220;iframe&#8221;);for(var t in a.data[&#8220;datawrapper-height&#8221;])for(var r=0;r&lt;e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[&quot;datawrapper-height&quot;][t]+&quot;px&quot;;e[r].style.height=i}}}))}(); Average Money Market Rates !function(){&#8220;use strict&#8221;;window.addEventListener(&#8220;message&#8221;,(function(a){if(void 0!==a.data[&#8220;datawrapper-height&#8221;]){var e=document.querySelectorAll(&#8220;iframe&#8221;);for(var t in a.data[&#8220;datawrapper-height&#8221;])for(var r=0;r&lt;e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[&quot;datawrapper-height&quot;][t]+&quot;px&quot;;e[r].style.height=i}}}))}(); How Does a Money Market Account Work? Money market account are interest-bearing deposit accounts that work similarly to savings accounts. You deposit money whenever you have some to spare and it grows more interest the longer you leave it alone. These accounts are insured by the Federal Deposit Insurance Corp. (FDIC) for banks and the National Credit Union Administration (NCUA) for credit unions up to $250,000 per depositor. Money market accounts offer convenient fund accessibility, often including checks and debit cards, though you might be limited to six monthly transactions. Compared to regular savings accounts, money market accounts usually offer higher interest rates. However, they tend to require higher minimum deposits and balances to earn these. How To Open a Money Market Account Before opening a money market account, look into at least a few options with different banks or credit unions. Compare minimum balance requirements, monthly fees, withdrawal limits and annual percentage yields (APYs) to choose the best fit. Also, check out the conditions to earn the highest interest rates. You can typically apply for a money market account online or in person. You will need to provide personal information such as your name, employment status and income, address and Social Security number, and show a government-issued ID. Once you\u2019re approved, you can make your initial deposit. Money Market Account vs. Savings Account Money market accounts work like a combination of a savings account and a checking account. Both MMAs and savings accounts: Let you deposit funds as you please Earn interest on your savings Are highly liquid Are safe deposit accounts May have withdrawal restrictions, balance requirements and monthly fees Similar to checking accounts and unlike most savings, money market accounts: Can come with debit cards, checks or both Tend to have higher fees Tend to have deposit and balance requirements Frequently Asked Questions (FAQs) How often do money market rates change? Money market rates are variable and can change when economic conditions change, such as when the Federal Reserve alters interest rates or due to circumstances at a specific bank. There is no set schedule for when or by how much MMA rates change, so be on the lookout for notifications from your financial institution. How are money market rates determined? Banks set money market account rates. The specific rate offered by an institution reflects the general interest rate environment and the bank&#8217;s economics. For instance, a new online-only financial institution may offer a high rate to gain customers, whereas an established bank could count on generations of depositors. How can I calculate interest on a money market account? You can use a money market account calculator to see how much interest you&#8217;ll earn. The amount of interest you earn is determined by the principal amount you deposit, the interest rate offered by your bank and the amount of time you save.<\/p>\n","protected":false},"author":1,"featured_media":299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[],"_links":{"self":[{"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/posts\/304"}],"collection":[{"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/comments?post=304"}],"version-history":[{"count":1,"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/posts\/304\/revisions"}],"predecessor-version":[{"id":305,"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/posts\/304\/revisions\/305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/media\/299"}],"wp:attachment":[{"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/media?parent=304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/categories?post=304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wernikovlaptu.com\/index.php\/wp-json\/wp\/v2\/tags?post=304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}