Maximizing Your Savings: Top 12 Money Market Accounts with Interest Rates of 4% APY and Higher
Looking for a savings account that offers the security and interest-earning power of a traditional savings account, but with the convenience of a checking account? A money market account (MMA) may be the right choice for you. MMAs often come with a debit card and/or checks, making it easy to access your funds when needed, and your balance earns interest. In fact, the best money market accounts today pay upwards of 4.4% APY, which can give your savings a significant boost over time.
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EverBank Performance Money Market Account: 4% APY
- Minimum opening deposit: $0
- Monthly fees: $0
- Features: Debit card and checks, ATM fee reimbursement
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Sallie Mae Online Money Market Account: 3.85% APY
- Minimum opening deposit: $0
- Monthly fees: $0
- Features: No minimum balance requirement, free checks and transfers
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Ally Money Market Account: 3.6% APY
- Minimum opening deposit: $0
- Monthly fees: $0
- Features: Checks, debit card access via Allpoint network, no minimum to get started
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Discover Money Market Account: 3.5% APY
- Minimum opening deposit: $0
- Monthly fees: $0
- Features: Checks, debit card, and ATM access
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VIO Cornerstone Money Market Savings Account: 4.31% APY
- Minimum opening deposit: $100
- Monthly fees: $5 if you receive paper statements, $0 otherwise
- Features: Daily compounding interest, no debit card or checks
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Zynlo Money Market Account: 4.4% APY
- Minimum opening deposit: $10
- Monthly fees: $0
- Features: Daily compounding interest, no debit card or checks required
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Synchrony Bank Money Market Account: 2% APY
- Minimum opening deposit: $0
- Monthly fees: $0
- Features: Checks upon request, optional ATM card, no minimum balance requirement
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UFB Direct Portfolio Money Market Account: 4.01% APY
- Minimum opening deposit: $0
- Monthly fees: $10 per month, can be waived with a minimum balance of $5,000
- Features: Debit card and check-writing privileges, daily compounding interest
