Maximize Your Savings: Top 12 Money Market Accounts with 4% APY and Higher for Savvy Investors

Are you 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 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% APY, which can give your savings a significant boost over time.

12 Money Market Accounts That Pay at Least 4% APY:

Today, the national average money market interest rate is just 0.62%, according to the FDIC. However, many banks and credit unions offer MMAs with competitive yields of 4% APY or more. Here are some of the top federally insured money market accounts available today:

1. EverBank Performance Money Market Account: 4% APY, no minimum opening deposit, no monthly fees, comes with a debit card and checks, and offers ATM fee reimbursement.
2. Sallie Mae Online Money Market Account: 3.85% APY, no minimum opening deposit, no monthly fees, compounded daily and credited monthly, allows customers to write checks and transfer money for free.
3. Ally Money Market Account: 3.6% APY, no minimum opening deposit, no monthly fees, compounded daily, customers can write checks and access funds with a debit card via more than 43,000 free ATMs via the Allpoint network.
4. Discover Money Market Account: 3.5% APY for balances under $100,000 and 3.55% APY for balances of $100,000 and over, no minimum opening deposit required and no monthly fees.
5. VIO Cornerstone Money Market Savings Account: 4.31% APY, requires a minimum opening deposit of $100 and a $5 monthly fee (which can be waived by opting into e-statements), compounded daily.
6. Zynlo Money Market Account: 4.4% APY for all balances under $250,000, no monthly fees, requires a minimum opening deposit of $10, and you must maintain at least $0.01 in your account to continue earning interest.
7. Synchrony Bank Money Market Account: 2% APY, no minimum opening deposit, no monthly fees, comes with checks upon request and an optional ATM card.
8. UFB Direct Portfolio Money Market Account: 4.01% APY, no minimum opening deposit required but a monthly fee of $10 unless you maintain a minimum balance of $5,000 in your account.
9. First Foundation Bank Online Money Market Account: 4.25% APY, requires a minimum opening deposit of $1,000 but no monthly fees, you can request a debit card and/or checks for easier access to your funds.
10. Prime Alliance Bank Personal Money Market Account: 4.05% APY with no minimum opening deposit or monthly fees but does not come with a debit card or checks.