{"id":435,"date":"2025-03-14T12:22:29","date_gmt":"2025-03-14T13:22:29","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=435"},"modified":"2025-03-14T22:53:06","modified_gmt":"2025-03-14T22:53:06","slug":"money-market-interest-rates-today-march-14-2025-rates-at-4-89","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/03\/14\/money-market-interest-rates-today-march-14-2025-rates-at-4-89\/","title":{"rendered":"Money Market Interest Rates Today: March 14, 2025 \u2013 Rates At 4.89%"},"content":{"rendered":"

Current Money Market Rates<\/strong><\/h2>\n

As of today, the highest money market rate is 4.89%, compared to a national average rate of 0.54%, according to Curinos.<\/p>\n

Here are today’s money market account rates:<\/p>\n

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Average Money Market Rates<\/strong><\/h2>\n

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How Does a Money Market Account Work?<\/strong><\/h2>\n

A money market account<\/a> (MMA) is a type of interest-bearing deposit account offered by banks and credit unions that works like other savings accounts: You deposit money into the account and earn interest on your balance. You can withdraw funds whenever you need to, but you may be restricted to six transactions per statement period.<\/p>\n

Money market accounts typically pay higher interest rates than other deposit accounts, including traditional savings accounts. And unlike typical savings accounts, they often offer debit cards, check-writing capabilities or both, providing convenient access to cash. Money market accounts often have higher deposit and balance requirements<\/a> than many bank accounts.<\/p>\n

MMAs at banks are insured by the Federal Deposit Insurance Corp. (FDIC), while MMAs at credit unions are insured by the National Credit Union Administration (NCUA). In both cases, depositors are covered for up to $250,000 per account type, protecting your money in the event of bank failure.<\/p>\n

How To Open a Money Market Account<\/strong><\/h2>\n

Before opening a money market account<\/a>, 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

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

Money Market Account vs. Savings Account<\/strong><\/h2>\n

Money market accounts work like savings accounts<\/a> in some ways and like checking accounts in others.<\/p>\n

Both MMAs and savings accounts:<\/p>\n