Today’s top money market account rate roundup

Money market accounts vs. savings accounts
Money market account rates usually offer higher yields than what you’ll find on savings accounts, especially those offered at brick-and-mortar banks. MMAs often require a higher minimum deposit or balance, but banks and financial institutions typically reward clients for maintaining larger balances with higher rates.

Currently, the average rate on an MMA with a $10,000 minimum balance in Curinos’ dataset stands at 0.56% APY, while the average rate you’ll find on a savings account with a $10,000 balance is a mere 0.23% APY.