Top Money Market Accounts — Earn Up to 4.26% APY (Dec 1, 2025)

As of December 1, 2025, some money market accounts are advertising yields as high as 4.26% APY, making them a competitive option for short-term cash parking. Money market accounts combine the liquidity of a checking account with interest rates closer to savings products, and they can be a useful place to keep an emergency fund or cash earmarked for near-term goals.

When evaluating offers, focus on APY (annual percentage yield), which reflects compound interest and is the best apples-to-apples comparison across accounts. Look beyond the headline APY for account minimums, balance tiers that change the rate, monthly fees, and withdrawal limits. Many top rates apply only to customers who meet balance or direct-deposit requirements, or they may be introductory rates that step down after a promotional period.

Safety matters: confirm the account is covered by FDIC insurance (for banks) or NCUA protection (for credit unions) and verify coverage limits if you hold large balances. Also review access features such as ATM access, check-writing privileges, online bill pay, and mobile banking — these can influence convenience even when rates are strong.

In the current rate environment, short-term instruments like money market accounts and high-yield savings accounts have benefited from higher benchmark rates set by the Federal Reserve. For savers who need frequent access, money market accounts may be preferable to certificates of deposit (CDs), which typically pay more but require locking funds for a fixed term. If you can commit funds for longer, CD ladders can sometimes outpace money market APYs.

Taxes reduce effective return: interest is taxed as ordinary income, so factor in your marginal tax rate when comparing yields. Finally, shop around and regularly re-evaluate — banks change advertised rates often. Use rate comparison tools, read fine print, and consider splitting cash across insured institutions to maximize protection and yield.

Bottom line: a money market account yielding up to 4.26% APY can be an attractive, low-risk place for accessible cash. Verify whether the rate applies to your balance, confirm insurance coverage, and weigh convenience features before deciding.