How much interest will a $150,000 money market account earn now (and is it worth opening)?

MoneyWatch: Managing Your Money How much interest will a $150,000 money market account earn now (and is it worth opening)? 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson May 5, 2026 / 3:52 PM EDT / CBS News Add CBS News on Google Savers should carefully calculate their interest-earning potential before opening a money market account right now. Kseniya Ovchinnikova/Getty Images On the surface, depositing a large, six-figure amount of money into a savings account with an interest rate of around 4.00% may not make sense – especially not when stock market returns are reliably around 10% or higher. But in the unique economic terrain many savers find themselves in this May, the standard approach to saving and investing may require careful reconsideration. With inflation now at its highest point in years, high interest rates on hold until at least June and the need for a safe home for your money pronounced, a money market account has taken on new importance.This account type comes with an average rate that's exponentially higher than the minimal 0.38% savers are earning with traditional accounts now. And savers won't need to lock their funds in the account as they would with a certificate of deposit (CD) account. Money market accounts also offer flexibility and ease of use as they come with check-writing features that will allow savers to streamline their banking needs with a single account. So, savers may want to consider this account type now, even with an amount as large as $150,000...