Learn how money market and savings accounts differ, and why a depositor may choose a money market account over a savings account.
But there are many ways to achieve that, including high-yield savings accounts and money market accounts — both of which have seen rising interest rates in recent months. The two aren't...
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.
Explore the differences between money market accounts and savings accounts so you can decide which option aligns better with your goals.
Funds in a money market account may earn a higher rate of interest than in a savings account because of the underlying securities of the money market fund.
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.
NaN % ; No fees ; No minimum ; Savings Account Balance : Any balance, Annual Percentage Yield (APY) : NaN
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
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.
Money market accounts offer higher interest rates than traditional checking and savings accounts, but come with restrictions.