A money market account is a type of savings account that offers check-writing privileges and a debit card for ATM access to your savings. Generally, savings accounts usually don’t allow you to write checks from the account, making money market accounts a unique option for storing and tapping your money when you need it.
The average money market account yield for the week ending Monday, March 09, 2026 is 0.43% Annual Percentage Yield (APY). However, yields on the best money market accounts can be more than nine times higher – so, when you’re shopping around, don’t settle for the average.
Some money market accounts give you a higher APY for holding larger balances. Always make sure you follow the Federal Deposit Insurance Corporation (FDIC) rules and guidelines to ensure your money is safe in the event of a bank failure.
|
the date |
National average money market account APY |
The highest money market account APY followed by Bankrate |
|
2/26 |
0.43% |
4.00% |
|
2/19 |
0.43% |
4.00% |
|
2/12 |
0.43% |
4.00% |
|
2/5 |
0.43% |
4.00% |
|
1/29 |
0.43% |
4.10% |
|
1/22 |
0.43% |
4.10% |
|
1/15 |
0.43% |
4.10% |
|
1/8 |
0.42% |
4.10% |
|
1/1 |
0.43% |
4.10% |
|
12/25 |
0.44% |
4.10% |
|
12/18 |
0.45% |
4.25% |
|
12/11 |
0.44% |
4.25% |
More than 2,200 banks and credit unions are surveyed weekly to produce national averages. Among these institutions are those that are widely available and offer high yields, as well as some of the country’s largest banks.
Note: Annual percentage yields (APYs) are shown March 9, 2026. APYs may change as they are last updated and may vary by region for some products. Bankrate only includes FDIC banks or National Credit Union Administration (NCUA) credit unions in its listings.
Also compare with savings accounts
Except for the possibility of writing checks, a money market account and a high-yield savings account are almost identical. So it’s also worth considering opening a high-interest savings account in your search for a money market account.
See also: Bankrate’s picks for the best high-yield savings accounts
The Federal Reserve indirectly affects money market account rates at competing banks. Generally, you will find that FDIC bank yields follow the movements of the Fed. But an increase or decrease in the Fed rate does not guarantee that a bank will change its rates.
