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

The highest-yielding U.S. money market accounts delivered a 4.01% annual percentage yield on June 2, 2026, far above the national average of 0.57%, according to FDIC data. The elevated rates persist as the Federal Reserve has kept its benchmark interest rate unchanged through the first half of 2026, following three cuts in 2025 and additional reductions in late 2024. Money market rates soared above 5% in 2024 before beginning a gradual decline as the Fed eased policy. The current top rate, typically found at online banks and credit unions, still ranks high by historical standards. A $10,000 deposit at 4% APY, compounded monthly, would generate about $407 in interest after one year. Despite the attractive yields, many high-rate accounts require minimum balances of $5,000 or more, and rates are variable, leaving future returns uncertain if the Fed resumes cutting.