Top Money Market Accounts Offer 4.01% APY as Fed Holds Rates Steady in 2026

On Sunday, May 31, 2026, the highest-yielding money market account offered 4.01% APY, sharply outperforming the national average of 0.57%, per FDIC data. The Federal Reserve, which cut rates three times in 2025, has left its benchmark unchanged through May 2026, pushing deposit rates lower but still leaving select high-yield accounts at elevated levels. A $10,000 deposit earning 4% APY with daily compounding would generate approximately $408 in interest over one year, compared to just $57 at the average rate. With further rate declines possible, locking in current yields can boost returns for savers.