We analyzed more than 100 data points to find the best money market accounts available today. See our top picks based on interest rates, fees, and more.
Earn our best interest rates on your savings while keeping your money liquid and available. Huntington explains money market accounts (MMAs).
Institution, APY, Minimum Opening Deposit, Fees ; First Internet Bank, Up to 5.48%, $100, $5 ; BankPurely, 5.05%, $100, $0 ; iGobanking, 5.05%, $25,000, $0 ; Quontic Bank, 5.00%, $100, $0 ; BluPeak Credit Union, Up to 5%, $100, $0 ; My eBanc, Up to 4.81%, $5,000, $15 ; EverBank, 4.30%, $0, $0 ; U.S. Bank, Up to 4.25%, $100, $10 ; Connexus Credit Union, Up to 4.01%, $1,000, $0
Check out Newsweek Vault’s picks for the best jumbo money market rates in five categories.
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Rate cuts are eating into money market fund yields. Invest your cash in these 3 places instead, according to Goldman Sachs.
Daily Balance Tiers, Dividend Rate, APY* ; $2,500 - $9,999, 1.30%, 1.31% ; $10,000 - $24,999, 1.50%, 1.51% ; $25,000 - $49,999, 1.70%, 1.71%
Discover average money market rates by bank type, how they're determined, and how to find the most competitive rates for a money market account.
APY, Rate, Minimum Balance, Checking account* ; 4.50%, 4.41%, $250,000.00, Yes ; 4.00%, 3.93%, $100,000.00, Yes ; 3.51%, 3.45%, $50,000.00, Yes ; 3.00%, 2.96%, $1.00, Yes ; 0.05%, 0.05%, $1.00, No
The money market involves trading in very short-term debt investments. These trades are characterized by a high degree of safety and relatively low rates of return.