Independent educational resource. We are not a bank, broker, financial advisor, or affiliate of any issuer listed. APYs are sourced from each issuer's own published page 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.

Verified May 1, 2026

Best Money Market Accounts in 2026: top 20 APYs with check-writing notes

Every issuer named. Check writing, debit card, ATM, minimum balance, and monthly fee noted per row. APYs verified from each issuer's own page. Last verified May 1, 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 20 Money Market Accounts

Last verified: May 1, 2026
#IssuerAPYMin.FeeChecksDebitATMTrend
1Quontic
Money Market Account
4.50%$100$0NoYesYes
2Vio Bank
Cornerstone Money Market
4.46%$100$0YesNoNo
3UFB Direct
Portfolio Money Market
4.01%$0$0YesYesYes
4Sallie Mae
Money Market Account
3.90%$0$0YesNoNo
5CIT Bank
Money Market
3.85%$100$0YesNoNo
6Discover
Money Market
3.70%$2,500$0YesYesYes
7Ally Bank
Money Market
3.65%$0$0YesYesYes
8Capital One 360
Money Market
3.60%$0$0YesYesYes
9Citizens Access
Money Market
3.55%$0$0YesNoNo
10EverBank
Money Market
3.51%$0$0YesNoNo
11Synchrony
Money Market
3.48%$0$0YesNoYes
12BMO
Money Market
3.40%$0$5/moYesYesYes
13ZYNLO
Money Market
3.35%$0$0NoYesYes
14First Internet Bank
Money Market Savings
3.30%$100$0YesNoNo
15Connexus
Money Market
3.20%$1,000$0YesNoYes
16Patelco
Money Market
3.18%$0$0YesNoYes
17Pacific Western Bank
Money Market
3.15%$2,500$10/moYesYesYes
18Citi
Money Market Account
3.10%$0$12/moYesYesYes
19Navy Federal
Money Market Savings
2.85%$2,500$0NoNoNo
20Raisin (partner picks)
Money Market via partners
4.00%$1$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

Quontic4.50%

Highest MMA rate in our top 20. No checks but debit card and ATM included. $100 minimum. FDIC insured.

View at Quontic
Vio Bank4.46%

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

View at Vio
UFB Direct4.01%

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

View at UFB
Sallie Mae3.90%

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

View at Sallie
CIT Bank3.85%

$100 minimum. Check-writing yes. No debit. Pairs with CIT Savings Connect. FDIC insured.

View at CIT
Discover3.70%

$2,500 minimum. Checks and debit card. ATM access. Lower rate than HYSA but more access. FDIC insured.

View at Discover
Ally Bank3.65%

No minimum. Checks, debit, and ATM. Slightly lower rate than Ally savings. FDIC insured.

View at Ally
Capital One 3603.60%

No minimum. Checks, debit, ATM. Branch access in some cities. FDIC insured.

View at Capital
Citizens Access3.55%

Check-writing yes. No debit card. No minimum. Online arm of Citizens Bank. FDIC insured.

View at Citizens
EverBank3.51%

Check-writing yes. No debit. No minimum. FDIC insured.

View at EverBank
Synchrony3.48%

Checks and ATM but no debit card. No minimum. FDIC insured.

View at Synchrony
BMO3.40%

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

View at BMO
ZYNLO3.35%

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

View at ZYNLO
First Internet Bank3.30%

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

View at First
Connexus3.20%

$1,000 minimum. Check-writing and ATM. Credit union (NCUA insured, equivalent coverage).

View at Connexus
Patelco3.18%

California credit union. Check-writing and ATM. NCUA insured.

View at Patelco
Pacific Western Bank3.15%

$2,500 minimum to waive $10 fee. Full access features. FDIC insured.

View at Pacific
Citi3.10%

$12/month fee waived with $500 balance. Full access. Large bank FDIC insured.

View at Citi
Navy Federal2.85%

Military members and families only. $2,500 minimum. NCUA insured.

View at Navy
Raisin (partner picks)4.00%

Marketplace offering money market products from multiple partner banks. Rates vary by partner.

View at Raisin

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 4.5-5.0% APY (fixed for the term) vs the top MMA rate of 4.50% APY (variable). If you are certain you won't need the money for 3 months, a CD lock might earn slightly more and 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.