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’t 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 0.45% annual percentage yield (APY) as of the week of Friday, May 29, 2026. However, yields on the best money market accounts can be more than eight times as high — so, when you’re shopping around, don’t settle for the average. You might be rewarded for depositing more money in a money market account Some money market accounts give you a higher APY for carrying a larger balance. Always make sure you’re 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 .…