It is also important not to confuse money market accounts, which are insured bank products, with money market mutual funds, which are investment products and are not FDIC insured. Considering current interest rates, comparing and finding the best money market accounts from leading financial institutions is increasingly important. You can check our Q&A section below to learn more about money market accounts, as well as tips to finding the best one for you.
Quontic Bank Money Market Account
Interest Rate Breakdown
Balance | APY |
---|---|
$0+ | 5.00% |
- Minimum to Open: $100
Additional Info
- Earn 5.00% APY: 8x higher than the national average!
- No hidden fees
- No monthly fees
- 90,000 surcharge free ATMs across the nation
CIT Bank Platinum Savings Account
Interest Rate Breakdown
Balance | APY |
---|---|
$0 - $5,000 | 0.25% |
$5,000+ | 4.85% |
- Minimum to Open: $100
Additional Info
- Earn 4.85% APY on balances of $5,000 or more! 10x the National Average on your savings.
- 0.25% APY with a balance of less than $5,000.
- No account opening or monthly services fees.
Quontic Bank High Yield Savings
Interest Rate Breakdown
Balance | APY |
---|---|
$0 - $1,000,000 | 4.50% |
- Minimum to Open: $100
Additional Info
- Earn 4.50% APY: 10x higher than the national average!
- No monthly service fees
- $100 minimum opening deposit
- Interest compounded daily
- FDIC insured to the maximum legal limits
Discover® Online Savings Account
Interest Rate Breakdown
Balance | APY |
---|---|
$0+ | 4.20% |
- Minimum to Open: $0
Additional Info
- No Fees. Period. That means you won't be charged an account fee on Discover® Online Savings Account. This includes Excessive Withdrawal Fee, Stop Payment Order and Insufficient Funds Fee.
- Member FDIC
Discover® Money Market Account
Interest Rate Breakdown
Balance | APY |
---|---|
$0 - $100,000 | 4.00% |
$100,000+ | 4.05% |
- Minimum to Open: $0
Additional Info
- No. Fees. Period. That means you won't be charged an account fee on Discover® Money Market Account. This Includes Minimum Balance Fees, Excessive Withdrawal Fee, Stop Payment Order, and Insufficient Funds.
- No-fee withdrawals at over 60,000 ATM locations with your debit card.
- 4.00% APY for balances under $100,000 and 4.05% APY for balances $100,000 and over.
- Member FDIC
Axos Bank High Yield Savings Account
Interest Rate Breakdown
Balance | APY |
---|---|
$0 - $25,000 | 0.61% |
$25,000 - $100,000 | 0.25% |
$100,000+ | 0.15% |
- Minimum to Open: $250
Additional Info
- No monthly maintenance fees.
- No minimum balance requirements.
- $250 minimum opening deposit.
- Free Incoming Wires.
- Zero Minimum Balance Requirement.
Nationwide My Savings
Interest Rate Breakdown
Balance | APY |
---|---|
$0+ | 0.30% |
- Minimum to Open: $100
Additional Info
- Earn up to 0.30% APY
- To qualify for the 0.30% APY you must open your new My Checking account and have a monthly Direct Deposit totaling at least $1,000 from a third party to your My Checking account. You will automatically receive the 0.30% APY upon meeting account requirements.
- No minimum balance requirements.
- Complimentary suite of digital banking tools.
Axos Bank High Yield Money Market Account
Interest Rate Breakdown
Balance | APY |
---|---|
$0+ | 0.25% |
- Minimum to Open: $1,000
Additional Info
- Earn 0.25% APY
- No monthly maintenance fees.
- Check writing privileges.
- Debit card transactions.
Nationwide Money Market Plus
Interest Rate Breakdown
Balance | APY |
---|---|
$0+ | 0.25% |
- Minimum to Open: $1,000
- Minimum balance to avoid monthly fee: $1000
Additional Info
- You can earn up to 0.25% APY.
- Complimentary starter checks.
- Up to $10.00 Domestic ATM Fees Reimbursed per month.
Poppy Bank Premier Online Savings
Interest Rate Breakdown
Balance | APY |
---|---|
$0 - $1,000 | 0.00% |
$1,000+ | 5.50% |
- Minimum to Open: $1,000
- Minimum balance to avoid monthly fee: Fee applies regardless of balance
Additional Info
- The promotional Annual Percentage Yield (APY) 5.50% is only available when applying online, and is guaranteed for ninety (90) days from the date the account is opened.
- You are limited to six (6) withdrawals per month at no cost; then $5 per withdrawal thereafter.
- Only one Online Savings account is permitted per applicant.