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business16h ago
Best money market account rates today, Tuesday, June 2, 2026: Earn up to 4.01% APY
- Top MMA rate today is 4.01% APY at TotalBank Online MMA with a $2,500 minimum to earn the highest rate.
- Brilliant Bank Surge Money Market offers 4% APY with a $1,000 minimum to qualify for the top rate.
- Zynlo Money Market Account provides 3.9% APY as another strong option for savers.
- Overall MMA rates remain higher than the national average, which sits near 0.57% APY.
- The article notes that rates can change with the Fed’s policy moves and competition.
- Minimum balance requirements and fees can impact the net earnings from MMA accounts.
- FDIC or NCUA insurance is recommended to protect deposits up to $250,000 per depositor.
- The article explains how interest is typically compounded and paid, often daily and monthly.
- Historical context shows MMA rates rose after the 2008 crisis and surged again in 2022-2025 before moderating.
- The piece advises comparing multiple accounts and considering the total cost of ownership.
- The report highlights online banks and credit unions as often offering the highest MMA rates.
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