June 2026 Snapshot: National Money Market Account Yields and Top Rates

A money market account is a savings deposit product that often provides check‑writing capabilities and a debit card for ATM access to your funds. Unlike standard savings accounts, which generally lack check‑writing features, money market accounts offer a distinctive way to save and access money when needed.

As of the week ending June 28, 2026, the national average money market account yield stands at 0.45% APY. Top‑tier accounts, however, can offer rates more than eight times higher, underscoring the importance of shopping around rather than accepting the average.

Higher Balances Can Unlock Better Money Market Account Rates

Many money market accounts tier their interest rates, offering higher APYs to customers who maintain larger balances. It’s essential to verify that your institution adheres to FDIC regulations so your deposits remain protected in case of a bank failure.

Current National Average vs. Leading Money Market Account APYs

Date

Money market account national average APY

Highest money market account APY that Bankrate tracks

6/18

0.45%

3.80%

6/11

0.45%

3.80%

6/4

0.45%

3.80%

5/28

0.45%

3.80%

5/21

0.44%

3.80%

5/14

0.44%

3.80%

5/7

0.44%

3.80%

4/30

0.43%

3.80%

4/23

0.43%

3.80%

4/16

0.44%

4.00%

4/9

0.44%

4.00%

4/2

0.43%

4.00%

Methodology Behind the National Average Interest Rate Calculation

Each week, over 2,200 banks and credit unions are surveyed to produce the national averages. The sample includes widely accessible institutions offering competitive yields, as well as several of the country’s largest banks.

Compareleading money market account rates for June 2026

Note: The APY figures reflect data as of June 28, 2026; rates may have shifted since publication and can differ by region. Bankrate’s listings are limited to FDIC‑insured banks and NCUA‑credit unions.

Also consider savings accounts

Apart from the check‑writing feature, money market accounts and high‑yield savings accounts function almost identically. Consequently, exploring a high‑interest savings account is also advisable when seeking a money market product.

Factors That Affect Money Market Account Rates

The Federal Reserve exerts an indirect influence on money market account rates at competitive banks. While FDIC‑insured institutions often adjust their yields in line with Fed policy, a rate change by the central bank does not automatically compel banks to alter their own rates.

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