Best Money Market Accounts

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Money market accounts can be a useful financial tool when you have funds you want to save, but want easy access to them when you need to withdraw funds at any time.

Essentially, between a savings account and a current money market account, they usually pay interest, allow you to withdraw a certain amount for free each month, and provide the ability to write checks to the account. Some also offer automatic cash withdrawals and access to a debit card.

The Best Money Market Account (MMA) offers high rates, low fees and fair minimum requirements. Most, but not all, also allow account holders to write checks or make debit card transactions on their accounts, making it easier to access funds. The banks and credit unions that offer the best MMAs are based on a superior online and mobile experience, and their customer service departments are attentive and easily accessible.

This is the most important factor for your Moneymarket account.

  • Affordability: Conventional banks have money market accounts, but you can find competitive interest rates and terms through online institutions. Online banks tend to offer higher interest rates than their competitors.
  • Minimum deposit requirements: Compare banks based on minimum deposit amounts to find the best interest rate in the money market for savings. You may get higher interest rates for more deposits, but the thresholds for higher returns vary widely.
  • FDIC Insurance: Make sure that all financial market accounts you open receive up to $250,000 (standard) in FDIC backing. All of our Moneymarket rated accounts offer FDIC insurance.
  • Debit Card Access: If you want easy access to your Moneymarket fund, having a debit card can help. Make sure the financial market account you’re considering provides an easy way to access your money when you need it.
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Prime Alliance Bank.

Prime Alliance offers an easy-to-use account with a great rate of 2.26% APR for those who want to use their money market account as a convenient place to store cash that doesn’t require many withdrawals. The rate applies to all balances, so if you have a lot of balances on a regular basis, this account can really work.

Founded in 2004 in Woods Cross, Utah, just north of Salt Lake City, Prime Alliance charges no monthly fee on its moneymarket account, requires no minimum balance at any time, and can even open it at no cost. It’s expensive to order a check, but a set ordered through the bank is cheaper.

Discover it.

Discover offers popular bank products in addition to popular cashback credit cards. We offer Moneymarket accounts with no minimum balance fees or other hidden fees, as well as mortgage products and personal loans.

Outstanding features that come with a Discover Money Market account include 60,000 ATMs nationwide, free debit cards and access to the Discover mobile app. Discovery also offers the ability to open a financial market account online, but you can also start over the phone.

Current Foreign Exchange Account Rate: On a written basis, the agency offers 2.00% APR for balances below $100,000 and 2.05% APR for balances above $100,000.

Patelco Credit Union.

You may never have heard of Patelco Credit Union, but this California credit union is open to U.S. adults anywhere in the country with an exceptionally easy and free membership process. This is because the Patel money market account provides most or all of the features you need and pays a high interest rate on small balances without charging a monthly fee.

The interest on a Patel account at Moneymarket is a reduced rate. That is, from the lowest balance to the highest balance, you get the highest interest rate from the lowest balance. You can get 1.00% APR on the first $2,000 and 0.5% on the next $3,000. This far exceeds the interest paid on most investment accounts. As a result, the blended APY rate on a $5,000 balance is a very attractive 0.7%.

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BBVA money market accounts don’t have the best interest rates, but the $25 minimum deposit requirement to open an account complements it. If you want to earn interest but your savings right now are limited, BBVA would be a much better choice.

You can also make free withdrawals from your BBVA money market account up to 6 times a month, and you can easily manage and monitor your account through the BBVA mobile banking app.

Current Money Market Account Rates: Money market rates range from 0.010% to 0.150% for balances between $25 million and $5 million. Rates are updated in writing and vary by region.

Suppression of this: The main disadvantage of the BBVA is its low interest rate compared to other financial institutions. However, its interest rate in the foreign exchange market is still higher than the national average for all foreign exchange accounts combined, with balances over $10,000.

Axos Bank.

Axos Bank pays 0.25 percent APR on regular high-yield moneymarket accounts, whether you save $1,000 or $100,000.

Axos was founded in 2000 as one of the first digital banks in San Diego. If you’re free to use your debit card or if you only want to use a large number of online payments and transfers, you can use your AXOS account for free.

Regular high-yield Axos moneymarket accounts have no monthly fees or minimum balance requirements. However, you must make an initial deposit of at least $1,000 to get started.


Citibank is an online bank known for checking and savings deposits. But it also offers a lucrative money market account with high interest rates.

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There are no hidden fees or monthly management fees in a CIT Bank money market account. Plus, you can open a $100 account, so the barrier to entry to get started is pretty low. The best part is that no matter how much money you have in your account, you can get the same interest rate in the money market.

Current Foreign Exchange Market Account Interest Rate: On a written basis, CIT Bank’s foreign exchange market interest rate is 0.85% per annum.

Ally Banks.

Ally may be an online-only bank, but it’s also one of the top 20 U.S. banks by size, making it a large bank with significant resources to improve its online interface and mobile apps. Federally insured since 2004, Ally is the largest online bank in the United States by asset size.

Over the years, Ally has managed to fine-tune its lineup of high-yield accounts, and the Money Market account is a good example of how Ally combines several customer-friendly aspects into one account while paying out near the top of the industry charts. Ally pays 2.10% APR on all Money Market balances as of September 2022.


Nationwide offers a generous foreign exchange market account rate. Interestingly, its financial market products are managed by Axos Bank. With a Nationwide Money Market Plus account, you can earn a generous return on money market deposits, but you can pay up to $10 in domestic ATM fees each month.

Another benefit of Nationwide is that it offers the same high interest rates in the money market no matter how much money you have in your account. You also have access to digital banking tools like online bill pay and mobile check deposits.

Current account rate in the foreign exchange market. The current rate through the Nationwide Money Market Plus product is 0.50% APR

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