Top Savings Accounts Offering Up to 6% APY in November 2024

Money market accounts (MMAs) offer higher interest rates than traditional savings accounts, with some rates reaching up to 5.00% APY. These accounts provide liquidity and flexibility, often including check-writing and debit card access. While the national average for MMA rates is 0.64%, top accounts offer rates between 4.5% and 5%. Recent fluctuations in MMA rates are linked to changes in the Federal Reserve's interest rate policies. When choosing an MMA, consider factors like minimum balance requirements, fees, and FDIC or NCUA insurance.