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[Money Market Account Rates Decline After Fed Cuts, Top Accounts Still Offer High Yields] Following Three Rate Cuts By The Federal Reserve In 2024, Money Market Account (MMA) Rates Are Declining, With The National Average At 0.64%. However, Some Top Mmas Still Offer Rates Of 4% APY Or Higher. A $1,000 Deposit In An MMA With A 0.64% APY Would Yield $6.42 In Interest After One Year, While The Same Deposit In A 4% APY Account Would Yield $40.81. A $10,000 Deposit At 4% APY Would Earn $408.08 In Interest Annually.

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