{"id":449,"date":"2025-03-13T09:00:23","date_gmt":"2025-03-13T10:00:23","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=449"},"modified":"2025-03-14T22:53:06","modified_gmt":"2025-03-14T22:53:06","slug":"money-market-interest-rates-today-march-13-2025-rates-at-4-89","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/03\/13\/money-market-interest-rates-today-march-13-2025-rates-at-4-89\/","title":{"rendered":"Money Market Interest Rates Today: March 13, 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<\/p>\n

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

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

A money market account<\/a>, or MMA, is an interest-bearing deposit account you can open at a bank or credit union. These are insured up to $250,000 per depositor by the Federal Deposit Insurance Corp. (FDIC) at banks, or the National Credit Union Administration (NCUA) at credit unions. The insurance protects your balance if your bank fails.<\/p>\n

As with other savings accounts, your money in an MMA will grow as it earns interest, and you can add or withdraw funds at any time. You may also be able to write checks or use a debit card. However, depending on the bank, you could be limited to six transactions per statement period.<\/p>\n

Money market accounts may offer higher interest rates than typical savings accounts. In exchange, they often require higher minimum deposits and balances<\/a>.<\/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