{"id":22046,"date":"2025-10-31T19:58:32","date_gmt":"2025-10-31T19:58:32","guid":{"rendered":"https:\/\/budgetadirect.com\/?p=22046"},"modified":"2025-10-31T19:58:33","modified_gmt":"2025-10-31T19:58:33","slug":"average-money-market-account-rates-for-october-2025","status":"publish","type":"post","link":"https:\/\/budgetadirect.com\/?p=22046","title":{"rendered":"Average Money Market Account Rates for October 2025"},"content":{"rendered":"
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\n Martinns\/GettyImages; Illustration by Hunter Newton\/Bankrate\n <\/p>\n<\/p><\/div>\n

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A money market account is a type of savings deposit account that tends to offer check-writing privileges and a debit card for ATM access to your savings. Typically, savings accounts usually don\u2019t let you write checks from the account, making money market accounts a unique option to store and tap your money when you need it. The average money market account yield is 0.47 percent annual percentage yield (APY) as of the week of September 14, 2025.<\/p>\n

You might be rewarded for depositing more money in a money market account<\/h2>\n

Some money market accounts give you a higher APY for carrying a larger balance. Always make sure you\u2019re following the Federal Deposit Insurance Corp. (FDIC) rules and guidelines to make sure that your money is protected in the event of a bank failure.<\/p>\n

Latest average money market account APYs for the past 3 months<\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/strong><\/td>\nMoney market account national average APY<\/strong><\/td>\n<\/tr>\n
9\/14\/2025<\/td>\n0.47%<\/td>\n<\/tr>\n
9\/9\/2025<\/td>\n0.47%<\/td>\n<\/tr>\n
9\/2\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
8\/27\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
8\/19\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
8\/12\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
8\/5\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
7\/29\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
7\/22\/2025<\/td>\n0.47%<\/td>\n<\/tr>\n
7\/15\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
7\/8\/2025<\/td>\n0.45%<\/td>\n<\/tr>\n
7\/1\/2025<\/td>\n0.46%<\/td>\n<\/tr>\n
6\/23\/2025<\/td>\n0.44%<\/td>\n<\/tr>\n
6\/16\/2025<\/td>\n0.44%<\/td>\n<\/tr>\n
6\/9\/2025<\/td>\n0.44%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

How we calculate the national average interest rates<\/h2>\n

More than 1,000 banks and credit unions are surveyed weekly to generate the national averages. Among these institutions are those that are broadly available and offer high yields, as well as some of the nation\u2019s largest banks.<\/p>\n

Compare current money market account rates for September 2025<\/h2>\n

Note: Annual percentage yields (APYs) shown are as of <\/i> Sept. 24, 2025<\/em>. Bankrate\u2019s editorial team validates this information regularly, typically weekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or National Credit Union Administration (NCUA) credit unions in its listings.<\/i><\/p>\n

What influences money market account rates? <\/strong><\/h2>\n

The Federal Reserve indirectly impacts money market account rates at competitive banks. Generally, you\u2019ll find that FDIC bank yields follow the Fed\u2019s movements. But a Fed rate increase or decrease doesn\u2019t guarantee that a bank will change its rates.<\/p>\n

That\u2019s why you have to compare money market account rates to find the right account for your financial needs.<\/p>\n

And beyond yields, you\u2019ll want to make sure a money market account has the features that you\u2019re looking for. Check-writing privileges, ATM access, mobile check deposit and a highly-rated app are the features people tend to look for.<\/p>\n

Except for the potential for check writing, a money market account and a high-yield savings account are nearly similar. So it\u2019s also worth considering opening a high-interest savings account in your search for a money market account.<\/p>\n

See more: <\/strong>Bankrate\u2019s best money market accounts<\/strong><\/p>\n

Bottom line<\/h2>\n

You can easily earn more than the national average rate in a money market account. Some FDIC-insured online banks have money market accounts that either don\u2019t require a minimum opening deposit or require a small amount to open the account. When comparing money market accounts, look for an account at an FDIC-insured bank that offers a high APY and no monthly fees.<\/p>\n

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