Top Money Market Account Offers 4.01% APY on June 6, 2026

On June 6, 2026, the highest-yielding money market accounts offered 4.01% APY, far above the Federal Deposit Insurance Corp.’s national average of 0.57%. Deposit rates have declined over the past two years but remain elevated compared with the 0.07% average of four years ago. At that top rate, a $10,000 deposit would generate roughly $409 in interest over one year with daily compounding, compared to just $57.16 at the national average. Money market accounts typically require higher minimum balances for the best rates and may limit withdrawals to six per month. No bank offers a permanent 7% money market rate. Local banks and credit unions occasionally run limited-time promotional rates at that level, though they usually apply to capped balances.