Here's how much interest a $50,000 money market account can earn now

MoneyWatch: Managing Your Money Here's how much interest a $50,000 money market account can earn now We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications. Read Full Bio Angelica Leicht April 24, 2026 / 12:11 PM EDT / CBS News Add CBS News on Google A $50,000 money market account earning today's top rates could generate a lot of interest over the next year. Getty Images/iStockphoto The average traditional savings account is paying just 0.38% in interest right now, according to the latest data from the FDIC — a rate that has actually dipped since last month. For anyone parking a meaningful sum of money in one of these accounts, the math is difficult to ignore: At that rate, $50,000 sits largely dormant, its purchasing power quietly eroding as inflation continues to outpace those meager returns. But the good news is that plenty of savers haven't caught on yet, which means there's still a real opportunity to get ahead.The Federal Reserve has cut interest rates several times since late 2024, and yet competitive rates on certain savings options remain widely available. Money market accounts, in particular, continue to offer yields that overshadow what traditional savings accounts pay — and they come with the kind of flexibility that other accounts simply can't match. Unlike certificates of deposit (CDs), which lock up your funds for a fixed term, money market accounts let you access your money when you need it, and many even allow check-writin...