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 June 22, 2017
Type: MMA
Type: MMA
Advertiser Comments
- Debit card access.
- Open and fund with any amount.
- Ally Bank, Member FDIC.
Type: MMA
Advertiser Comments
- 360 Money Market℠
- One of the Nation’s Top Rates Without Fees
- Member FDIC
| Institution | Type | Rate | APY | Min. To Earn APY | Details |
|---|---|---|---|---|---|
| Ultima Bank Rates as of Jun. 16th | 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 Jun. 21st | Savings | 1.30% | $0 | Dollar Savings Account - apply online- must have a personal checking account in a US bank. | |
| ableBanking Rates as of Jun. 21st | MMA | 1.30% | $0 | Money Market Savings - up to 6 withdrawals are permitted per month - apply online - a division of Northeast Bank based in Maine | |
| UFB Direct Rates as of Jun. 16th | 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 Jun. 16th | 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 | |
| SFGI Direct Rates as of Jun. 16th | Savings | 1.16% | $1 | ||
| Popular Direct Rates as of Jun. 16th | Savings | 1.15% | $0 | Popular Direct Savings - $4 monthly fee waived with $500 minimum daily balance | |
| Sallie Mae Bank Rates as of Jun. 16th | MMA | 1.15% | $0 | Nationwide - Apply online | |
| CIT Bank Rates as of Jun. 21st | Savings | 1.15% | $0 | CIT Spring Savings - APY for daily balances below $25,000 - apply online | |
| Barclays Rates as of Jun. 21st | Savings | 1.15% | $0 | Online Savings - APY for all balances | |
| EverBank Rates as of Jun. 22nd | MMA | 1.11% | $0 | Yield Pledge Money Market - APY for all balances | |
| FNBO Direct Rates as of Jun. 22nd | Savings | 1.10% | $0 | Online Savings Act - Rated Kiplinger's Best Online Savings Account, no minimums, no monthly fees, manage accounts securely online | |
| iGOBanking Rates as of Jun. 16th | MMA | 1.09% | 1.10% | $25,000 | iGO Online Money Market |
| Ally Bank Rates as of Jun. 21st | Savings | 1.05% | $0 | Online Savings - Free online transactions, no monthly fees, no minimums - Apply online - Rate collected within: CA | |
| American Express Rates as of Jun. 21st | Savings | 1.05% | $0 | High-Yield Savings - Bank by phone or online only. | |
| AloStar Bank of Commerce Rates as of Jun. 21st | Savings | 1.05% | $0 | Limit of six transactions per month - apply online | |
| Dollar Bank Federal Savings Bank Rates as of Jun. 21st | 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) | |
| SmartyPig Rates as of Jun. 16th | Savings | 1.00% | $0 | SmartyPig Savings - Tier $0.01 - $2,500 | |
| Radius Bank Rates as of Jun. 16th | Savings | 1.00% | 1.00% | $2,500 | Radius High-Yield Savings - APY for balances $2,500 and above - apply online |
| iGOBanking Rates as of Jun. 16th | Savings | 1.00% | 1.00% | $0 | iGO Online Savings |
| Ultima Bank Rates as of Jun. 16th | Savings | 1.00% | 1.00% | $1,000 | UBM Direct Savings Account |
| Biscayne Bank Rates as of Jun. 21st | 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 | |
| SmartyPig Rates as of Jun. 16th | Savings | 1.00% | $10,000 | SmartyPig Savings - Tier $10,000.01 - $50,000 | |
| Main Street Bank Rates as of Jun. 16th | Savings | 1.00% | $0 | Kasasa Saver - Must be linked to a free Kasasa Cash or Kasasa Cash Back checking account - 1.00% APY on balances up to $50,000 - No minimum balances - No monthly service fee | |
| SmartyPig Rates as of Jun. 16th | Savings | 1.00% | $2,500 | SmartyPig Savings - Tier $2500.01 - $10,000 | |
| Capital One 360 Rates as of Jun. 21st | MMA | 1.00% | $10,000 | 360 Money Market - Tier $10,000 or more | |
| MySavingsDirect Rates as of Jun. 16th | Savings | 1.00% | $0 | MySavings Account | |
| UFB Direct Rates as of Jun. 16th | Savings | 1.00% | $25,000 | UFB Direct High-Yield Savings - Tier $25,000 and above - No monthly maintenance fee | |
| Discover Bank Rates as of Jun. 21st | MMA | 0.95% | $10 | Money Market Tier $0 - $99,999.99 - $10 montly fee if average daily balance is less than $2,500 | |
| The Palladian Private Bank Rates as of Jun. 16th | 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. |
| Sallie Mae Bank Rates as of Jun. 16th | Savings | 0.90% | $0 | High-Yield Savings - No minimum balance and no monthly service fees - Nationwide - Apply online | |
| Chesapeake Bank Rates as of Jun. 21st | Savings | 0.90% | 0.90% | $1 | Clear Sky Savings - Tier $1 - $249,999 |
| Ally Bank Rates as of Jun. 21st | 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 Jun. 21st | 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 Jun. 21st | MMA | 0.85% | 0.85% | $100,000 | Premium Money Market - Tier $100,000 and over |
| EH National Bank Rates as of Jun. 21st | MMA | 0.81% | 0.81% | $0 | Premium Money Market - Tier $0 - $99,999.99 |
| First Internet Bank Rates as of Jun. 22nd | MMA | 0.80% | 0.80% | $99,001 | Money Market Savings - Rate earned on balances up to $99,999.99 - transaction limitations - apply online |
| Virtual Bank Rates as of Jun. 16th | MMA | 0.80% | 0.80% | $0 | eMoney Market online account |
| Virtual Bank Rates as of Jun. 16th | MMA | 0.80% | 0.80% | $10,000 | eMoney Market online account |
| Virtual Bank Rates as of Jun. 16th | MMA | 0.80% | 0.80% | $25,000 | eMoney Market online account |
| Amboy Direct Rates as of Jun. 21st | Savings | 0.80% | 0.80% | $3,000 | eSavings - Apply online or by mail, offer not available at branches. |
| EH National Bank Rates as of Jun. 21st | 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 Jun. 16th | 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 Jun. 21st | MMA | 0.75% | 0.75% | $1 | Money Market Savings Account - No monthly maintenance fees - No minimum monthly balance requirements |
| Workers' Credit Union Rates as of Jun. 21st | 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 |
| Nationwide Bank Rates as of Jun. 16th | MMA | 0.75% | 0.75% | $100,000 | Tiered Money Market - tier $100,000 - apply online |
| TIAA Direct Rates as of Jun. 16th | MMA | 0.74% | 0.75% | $50,000 | Money Market -Tier $50,000 -$99,999 |
| Capital One 360 Rates as of Jun. 21st | Savings | 0.75% | $0 | 360 Savings Account - No fees - No minimum balance - Online account | |
| Century Bank Direct Rates as of Jun. 21st | MMA | 0.74% | $0 | Online MM Rate - Apply online | |
| Beal Bank, USA Rates as of Jun. 21st | MMA | 0.72% | 0.72% | $25,000 | Money Market - $25,000 and more - Rate collected within 94104 (CA) |
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