{"id":398,"date":"2025-10-20T09:53:48","date_gmt":"2025-10-20T09:53:48","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=398"},"modified":"2025-10-20T12:07:50","modified_gmt":"2025-10-20T12:07:50","slug":"money-market-interest-rates-today-october-20-2025-rates-at-4-22","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/10\/20\/money-market-interest-rates-today-october-20-2025-rates-at-4-22\/","title":{"rendered":"Money Market Interest Rates Today: October 20, 2025 \u2013 Rates At 4.22%"},"content":{"rendered":"
As of today, the highest money market rate is 4.22%, compared to a national average rate of 0.51%, according to Curinos.<\/p>\n
Here are today’s money market account rates:<\/p>\n
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Money market account<\/a><\/span> are interest-bearing deposit accounts that work similarly to savings accounts. You deposit money whenever you have some to spare and it grows more interest the longer you leave it alone. These accounts are insured by the Federal Deposit Insurance Corp. (FDIC) for banks and the National Credit Union Administration (NCUA) for credit unions up to $250,000 per depositor. Money market accounts offer convenient fund accessibility, often including checks and debit cards, though you might be limited to six monthly transactions.<\/p>\n Compared to regular savings accounts, money market accounts usually offer higher interest rates. However, they tend to require higher minimum deposits and balances<\/a><\/span> to earn these.<\/p>\n Before opening a money market account<\/a><\/span>, look into at least a few options with different banks or credit unions. Compare minimum balance requirements, monthly fees, withdrawal limits and annual percentage yields (APYs) to choose the best fit. Also, check out the conditions to earn the highest interest rates.<\/p>\n You can typically apply for a money market account online or in person. You will need to provide personal information such as your name, employment status and income, address and Social Security number, and show a government-issued ID. Once you\u2019re approved, you can make your initial deposit.<\/p>\nHow To Open a Money Market Account <\/h2>\n
Money Market Account vs. Savings Account<\/h2>\n