Money Market Accounts
Money market accounts are similar in many ways to traditional savings accounts, though most banks reserve a higher yield for their money market option. The catch is often that you need a higher minimum balance to earn interest and avoid penalties with a money market account. But the higher yield isn’t the only possible perk with these vehicles: Some money market accounts also offer debit card and checking privileges.
Rates for Money Market Account as of May 22, 2017
Type: MMA
Advertiser Comments
- 360 Money Market℠
- One of the Nations Top Rates Without Fees
- Member FDIC
| Institution | Type | Rate | APY | Min. To Earn APY | Details |
|---|---|---|---|---|---|
| Ultima Bank Rates as of May. 21st | Savings | 2.00% | 2.02% | $0 | SMART Savings Account - for young adults 18 yrs or younger, withdrawals prior to 18th birthday may result in a penalty |
| Dollar Savings Direct Rates as of May. 17th | Savings | 1.30% | $0 | Dollar Savings Account - apply online- must have a personal checking account in a US bank. | |
| UFB Direct Rates as of May. 21st | Savings | 1.30% | $50,000 | UFB Premium Savings Account offers a rate of 1.30% APY with interest compounded daily - APY for balances $50,000 and above - Must be new funds to receive stated rate | |
| Salem Five Direct Rates as of May. 21st | Savings | 1.25% | $0 | eOne Savings - APY on balances up to $500,000. Companion account to eOne Checking, no minimum balance, no monthly fees, free ATM card, Online applicants only, who do not have existing deposit accounts with Salem Five | |
| Popular Direct Rates as of May. 21st | Savings | 1.15% | $0 | Popular Direct Savings - $4 monthly fee waived with $500 minimum daily balance | |
| CIT Bank Rates as of May. 17th | Savings | 1.15% | $0 | CIT Spring Savings - APY for daily balances below $25,000 - apply online | |
| EverBank Rates as of May. 16th | MMA | 1.11% | $0 | Yield Pledge Money Market - APY for all balances | |
| iGOBanking Rates as of May. 18th | MMA | 1.09% | 1.10% | $25,000 | iGO Online Money Market |
| SFGI Direct Rates as of May. 21st | Savings | 1.06% | $1 | ||
| Ally Bank Rates as of May. 17th | Savings | 1.05% | $0 | Online Savings - Free online transactions, no monthly fees, no minimums - Apply online - Rate collected within: CA | |
| Sallie Mae Bank Rates as of May. 21st | MMA | 1.05% | $0 | Nationwide - Apply online | |
| AloStar Bank of Commerce Rates as of May. 17th | Savings | 1.05% | $0 | Limit of six transactions per month - apply online | |
| Barclays Rates as of May. 17th | Savings | 1.05% | $0 | Online Savings - APY for all balances | |
| Dollar Bank Federal Savings Bank Rates as of May. 17th | Savings | 1.00% | $0 | Everything Savings - 1.00% APY on balances $20,000 and below when linked with an Everything Checking Account. The rates require Everything Checking with six qualifying monthly posted payments for example: check, Online Banking bill payment, Telephone Banking bill payment, ACH debit, Point-of-Sale transactions (signature or PIN based).- Open online and mail in forms. Available in Pennsylvania, and Ohio market area. Rate collected within: 15222 (PA) | |
| Radius Bank Rates as of May. 21st | Savings | 1.00% | 1.00% | $2,500 | Radius High-Yield Savings - APY for balances $2,500 and above - apply online |
| iGOBanking Rates as of May. 18th | Savings | 1.00% | 1.00% | $0 | iGO Online Savings |
| Ultima Bank Rates as of May. 21st | Savings | 1.00% | 1.00% | $1,000 | UBM Direct Savings Account |
| Biscayne Bank Rates as of May. 17th | Savings | 1.00% | $1 | Regular Savings - Maintain $1,000 balance each day and avoid a $25 monthly maintenance fee - Miami-Dade County, Florida market area only | |
| ableBanking Rates as of May. 17th | MMA | 1.00% | $0 | Money Market Savings - up to 6 withdrawals are permitted per month - apply online - a division of Northeast Bank based in Maine | |
| Capital One 360 Rates as of May. 17th | MMA | 1.00% | $10,000 | 360 Money Market - Tier $10,000 or more | |
| UFB Direct Rates as of May. 21st | Savings | 1.00% | $25,000 | UFB Direct High-Yield Savings - Tier $25,000 and above - No monthly maintenance fee | |
| FNBO Direct Rates as of May. 17th | Savings | 0.95% | $0 | Online Savings Act - Rated Kiplinger's Best Online Savings Account, no minimums, no monthly fees, manage accounts securely online | |
| SmartyPig Rates as of May. 21st | Savings | 0.95% | $10,000 | SmartyPig Savings - Tier $10,000.01 - $50,000 | |
| The Palladian Private Bank Rates as of May. 21st | Savings | 0.90% | 0.90% | $0 | Currently there is a promotional interest rate for Palladian Savings Account which is fixed at 1.30% for the first six months. After the promotional interest rate ends, the interest rate will be the non-promotional variable interest rate that is offered for Palladian Savings Account at that time (currently 0.90%). There is a minimum initial deposit of $1,000 and maximum initial deposit of $100,000. |
| American Express Rates as of May. 17th | Savings | 0.90% | $0 | High-Yield Savings - Bank by phone or online only. | |
| Sallie Mae Bank Rates as of May. 21st | Savings | 0.90% | $0 | High-Yield Savings - No minimum balance and no monthly service fees - Nationwide - Apply online | |
| SmartyPig Rates as of May. 21st | Savings | 0.90% | $2,500 | SmartyPig Savings - Tier $2500.01 - $10,000 | |
| Chesapeake Bank Rates as of May. 17th | Savings | 0.90% | 0.90% | $1 | Clear Sky Savings - Tier $1 - $249,999 |
| Discover Bank Rates as of May. 17th | MMA | 0.85% | $10 | Money Market Tier $0 - $99,999.99 - $10 montly fee if average daily balance is less than $2,500 | |
| SmartyPig Rates as of May. 21st | Savings | 0.85% | $0 | SmartyPig Savings - Tier $0.01 - $2,500 | |
| Ally Bank Rates as of May. 17th | MMA | 0.85% | $0 | Money Market Savings Account - All balances - No monthly fees - Apply online - Rate collected within: CA | |
| Colorado Federal Savings Bank Rates as of May. 17th | Savings | 0.85% | 0.85% | $2,500 | Online Savings Account - Up to 6 withdrawal transactions per month with no service fee |
| EH National Bank Rates as of May. 16th | MMA | 0.85% | 0.85% | $100,000 | Premium Money Market - Tier $100,000 and over |
| MySavingsDirect Rates as of May. 18th | Savings | 0.85% | $0 | MySavings Account | |
| EH National Bank Rates as of May. 16th | MMA | 0.81% | 0.81% | $0 | Premium Money Market - Tier $0 - $99,999.99 |
| First Internet Bank Rates as of May. 17th | MMA | 0.80% | 0.80% | $0 | Money Market Savings - Rate earned on balances up to $99,999.99 - transaction limitations - apply online |
| Virtual Bank Rates as of May. 21st | MMA | 0.80% | 0.80% | $0 | eMoney Market online account |
| Virtual Bank Rates as of May. 21st | MMA | 0.80% | 0.80% | $10,000 | eMoney Market online account |
| Virtual Bank Rates as of May. 21st | MMA | 0.80% | 0.80% | $25,000 | eMoney Market online account |
| Amboy Direct Rates as of May. 17th | Savings | 0.80% | 0.80% | $3,000 | eSavings - Apply online or by mail, offer not available at branches. |
| EH National Bank Rates as of May. 16th | Savings | 0.79% | 0.79% | $0 | Personal Savings - Must maintain a $1000 balance to avoid monthly $10 fee |
| Mutual of Omaha Bank Rates as of May. 18th | MMA | 0.77% | 0.77% | $1,000 | Online Money Market - Rate/APY for balances from $1,000 - $1,000,000 |
| Bank of Internet Rates as of May. 17th | MMA | 0.75% | 0.75% | $1 | Money Market Savings Account - No monthly maintenance fees - No minimum monthly balance requirements |
| California First National Bank Rates as of May. 17th | MMA | 0.75% | 0.75% | $0 | Money Market Checking - Tier Up to $14,999.99 |
| Workers' Credit Union Rates as of May. 17th | Savings | 0.75% | 0.75% | $50 | cuSave - Online Savings - Membership is limited to residents of Massachusetts or New Hampshire or those who work for a company that is based in Massachusetts |
| TIAA Direct Rates as of May. 21st | MMA | 0.74% | 0.75% | $50,000 | Money Market -Tier $50,000 -$99,999 |
| Capital One 360 Rates as of May. 17th | Savings | 0.75% | $0 | 360 Savings Account - No fees - No minimum balance - Online account | |
| Century Bank Direct Rates as of May. 17th | MMA | 0.74% | $0 | Online MM Rate - Apply online | |
| Beal Bank, USA Rates as of May. 17th | MMA | 0.72% | 0.72% | $25,000 | Money Market - $25,000 and more - Rate collected within 94104 (CA) |
| Geddes Federal Savings and Loan Association Rates as of May. 17th | MMA | 0.70% | 0.70% | $50,000 | Money Market - Tier $50,000 or more |
Rates / APY terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit union deposits are insured by the FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
Advertiser Comments