Money market account rates reach up to 4.01% APY as Fed holds policy steady

Top money market accounts offered yields as high as 4.01% APY on May 15, 2026, even as the national average rate remained 0.57%, according to FDIC data, underscoring a wide gap between standard bank offerings and high-yield accounts. The rate environment has stabilized after the Federal Reserve cut the federal funds rate three times in 2024 and three times in 2025, then left rates unchanged so far in 2026. As a result, deposit rates, including money market account yields, have stopped rising broadly. Online banks and credit unions continue to offer some of the most competitive rates, often in the 3% to 4% APY range, supported by lower operating costs or member-focused structures. Money market accounts remain FDIC-insured up to $250,000 per depositor, per institution, but investors should review minimum balance requirements, fees and monthly transaction limits before moving cash.