Best Money Market Accounts

Last updated: May 1st, 2019

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Overview

If you’re looking to earn more interest on your savings, a money market account could be the best option for you. A money market account is best described as a high-interest rate savings account with checking account like features. This is because money market accounts generally come with higher interest rates than traditional ones while also providing you a debit card and checks.

All money market accounts are not made equal though. In order to grow your savings as much as you can, you’ll need to shop around. When deciding on which bank to open your account with, you’ll want to compare interest rates (APY) and minimum balances. Fortunately for you, we've done all the research, sorted through the details, and have created a comparison tool of the best money market accounts available.

Want to learn more about money market accounts and other high-interest savings accounts, check out our video playlist on Maximize Your Savings!.

Ally Money Market

Ally Bank Logo

APY

Account
Minimum

0.90%

Ally Money Market

Ally Bank Logo

APY

Account
Minimum

1.00%

BBVA Compass ClearChoice Money Market

BBVA Logo

APY

Account
Minimum

2.00%

to avoid $15 monthly fee you will need a $10,000 average daily balance

Capital One 360 Money Market

Capital One Logo

APY

Account
Minimum

0.85%

Capital One 360 Money Market

Capital One Logo

APY

Account
Minimum

2.00%

CIT Bank Money Market

CIT Bank Logo

APY

Account
Minimum

1.85%

Discover Money Market

Discover Logo

APY

Account
Minimum

1.95%

to avoid $10 monthly fee you will need a $2,500 average daily balance

Discover Money Market

Discover Logo

APY

Account
Minimum

2.00%

Sallie Mae Money Market

Sallie Mae Logo

APY

Account
Minimum

2.30%

State Farm Bank Money Market Savings

State Farm Bank Logo

APY

Account
Minimum

2.25%

to avoid $10 monthly fee you will need a $500 average daily balance

Synchrony Bank Money Market

Synchrony Bank Logo

APY

Account
Minimum

1.20%

TIAA Yield Pledge Money Market

TIAA Logo

APY

Account
Minimum

2.15%