Independent educational resource. We are not a bank, broker, financial advisor, or affiliate of any issuer listed. APYs are re-verified against issuer rate sheets and the major rate trackers on the date noted at the top of each rate table. Rates change frequently -- verify directly with the issuer before opening an account. FDIC insurance limits sourced from FDIC.gov. Nothing on this site is personalised financial advice. Consult a qualified advisor before making decisions about your savings strategy.

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Verified June 13, 2026

Best Money Market Accounts in 2026: top APYs with check-writing notes

Every issuer named, ranked by APY. Check writing, debit card, ATM, minimum balance, and monthly fee noted per row. Rates re-verified against issuer rate sheets and the major June 2026 rate trackers. Last verified June 13, 2026.

Money market account vs money market fund: This page covers money market accounts -- FDIC-insured deposit accounts at banks. For money market funds (SIPC-protected brokerage products), see /mma-vs-mmf/.

Top 15 Money Market Accounts

Last verified: June 13, 2026
#IssuerAPYMin.FeeChecksDebitATMTrend
1ZYNLO
Money Market
3.90%$0$0NoYesYes▲
2EverBank
Performance Money Market
3.90%$0$0YesNoNo▲
3Quontic
Money Market Account
3.80%$100$0NoYesYes▼
4Vio Bank
Cornerstone Money Market
3.55%$100$0YesNoNo▼
5Sallie Mae
Money Market Account
3.50%$0$0YesNoNo▼
6Discover
Money Market
3.40%$2,500$0YesYesYes▼
7UFB Direct
Portfolio Money Market
3.26%$0$0YesYesYes▼
8First Internet Bank
Money Market Savings
3.09%$100$0YesNoNo▼
9Ally Bank
Money Market
3.00%$0$0YesYesYes▼
10Patelco
Money Market Plus
2.50%$0$0YesNoYes▼
11Synchrony
Money Market
2.00%$0$0YesNoYes▼
12Connexus
Money Market
1.95%$1,000$0YesNoYes▼
13BMO
Money Market
1.90%$0$5/moYesYesYes▼
14CIT Bank
Money Market
1.55%$100$0YesNoNo▼
15Navy Federal
Money Market Savings
1.50%$2,500$0NoNoNo—

Tiered APY: what to watch for

Many money market accounts use tiered APYs -- the rate you earn depends on your balance. The advertised rate is usually the top tier. Before opening, confirm which tier your balance qualifies for.

Example: Discover MMA

$2,500+ earns 3.70% APY. Under $2,500 earns a lower tier. Always check your balance vs the required minimum.

Citi MMA fee waiver

$12/month fee waived with $500 balance. Without meeting the waiver condition, fees erode your net yield significantly.

Best for simplicity

Quontic, Vio Bank, Sallie Mae MMA: no fees, simple flat rates. No tier math required.

Quick notes per issuer

ZYNLO3.90%

No minimum, no fees. Debit and ATM. No check-writing. FDIC insured via Pilgrim Bank.

View at ZYNLO→
EverBank3.90%

Promotional rate for the first year on balances up to $250,000, then the standard rate. Check-writing. No minimum. FDIC insured.

View at EverBank→
Quontic3.80%

No checks but debit card and ATM included. $100 minimum. FDIC insured.

View at Quontic→
Vio Bank3.55%

$100 minimum. Check-writing yes. No debit card. Online arm of MidFirst Bank. FDIC insured.

View at Vio→
Sallie Mae3.50%

Check-writing yes. No debit card. No minimum. FDIC insured. Popular among retirees.

View at Sallie→
Discover3.40%

$2,500 to reach the headline tier. Checks, debit card and ATM access. FDIC insured.

View at Discover→
UFB Direct3.26%

Both checks and debit card. No minimum. FDIC insured via Axos Bank.

View at UFB→
First Internet Bank3.09%

$100 minimum. Check-writing yes. No debit. Online-only Indiana bank. FDIC insured.

View at First→
Ally Bank3.00%

No minimum. Checks, debit, and ATM. FDIC insured.

View at Ally→
Patelco2.50%

Tiered: 2.50% base, rising toward 3.25% on six-figure balances with a Patelco checking relationship. California credit union. NCUA insured.

View at Patelco→
Synchrony2.00%

Checks and ATM but no debit card. No minimum. Lower than Synchrony's own HYSA. FDIC insured.

View at Synchrony→
Connexus1.95%

$1,000 minimum daily balance for the disclosed rate. Check-writing and ATM. Credit union (NCUA insured).

View at Connexus→
BMO1.90%

$5/month fee waived with $2,500 balance. Full access features but a low rate. FDIC insured.

View at BMO→
CIT Bank1.55%

$100 minimum. Check-writing yes. No debit. CIT's Platinum Savings pays far more than its MMA. FDIC insured.

View at CIT→
Navy Federal1.50%

Military members and families only. Tiered from 0.95% to 1.50% by balance ($50,000+ for the top tier). NCUA insured.

View at Navy→

Frequently asked questions

What is a tiered APY on a money market account?⌄
A tiered APY means the interest rate changes at different balance levels. For example, a bank might pay 2.50% APY on balances $0-$9,999, 3.50% APY on $10,000-$49,999, and 4.00% APY on $50,000 and above. This is more common in money market accounts than HYSAs. Always check which tier your balance qualifies for -- the advertised rate is usually the highest tier.
How do money market monthly fee waivers work?⌄
Banks that charge a monthly fee (typically $5-$25) usually waive it if you maintain a minimum average daily balance -- often $2,500 to $10,000 depending on the bank. Some also waive fees if you set up direct deposit or link to a checking account. If your balance might dip below the minimum, choose a no-fee MMA instead (Sallie Mae, UFB Direct, Quontic).
What is the Reg D withdrawal limit on money market accounts?⌄
Regulation D historically capped savings and money market withdrawals at 6 per month. The Federal Reserve suspended this limit in April 2020 during COVID-19. However, many banks still impose their own 6-withdrawal limit as account policy, and some charge excess withdrawal fees. Check your specific bank's current policy -- it varies widely. In-person and ATM withdrawals typically do not count toward the limit.
Can I use a money market account for my business?⌄
Most banks offer business money market accounts with the same core features as personal MMAs. For businesses, focus on FDIC coverage (FDIC treats a business entity as a separate depositor from its owners), fee structure, minimum balances, and whether the account integrates with your business checking. Neobanks like Mercury and Bluevine offer business high-yield savings with multi-bank FDIC sweep programs that can cover well above $250,000.
Can a money market account be in an IRA?⌄
Yes -- many banks offer money market IRAs (traditional or Roth). The same APY usually applies. FDIC coverage for IRA accounts is separate from non-retirement accounts: $250,000 per depositor per institution for IRAs, on top of the $250,000 limit for regular accounts. Check that your bank offers IRA-specific money market products, as not all do.
How does a money market account compare to a 3-month CD for short-term parking?⌄
A 3-month CD in 2026 typically yields around 3.8-4.0% APY (fixed for the term) vs the top MMA rate of 3.90% APY (variable). If you are certain you won't need the money for 3 months, a CD lock can protect you if rates drop. But a CD penalises early withdrawal (often 1-3 months of interest). For cash you might need before the term ends, an MMA's flexibility usually wins. See cdratecomparison.com for current CD rates.

Related pages

Best HYSA 2026|Access Feature Matrix|MMA vs Money Market Fund|Retiree Income Guide|CD Rates