Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.
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What is a money market account, and what can it do for me?

A money market account is a savings option that can give you a little more for your money than a traditional savings account.

How does this work? Money market accounts typically have restrictions on how frequently you can access your money, and may also require you to maintain a certain minimum balance to avoid fees. Knowing that customers' deposits in these accounts are going to fairly stable gives the banks more latitude to invest those funds in short-term, fixed-income financial instruments (otherwise known as "money market instruments").

This additional investment flexibility pays off in the form of higher interest rates, which the bank can pass along to you as a depositor.

Why use a money market account instead of a savings account? >>

 

Examine top money market rates from trusted banks

 Account Type
 Amount

Type: MMA

Minimum to earn APY $0

0.80%APY

Rates as of 8/21/2014
FDIC Insured

Advertiser Comments

  • Member FDIC. No minimums and no fees.

Type: MMA

Minimum to earn APY $0

0.85%APY

Rates as of 8/21/2014
FDIC Insured

Advertiser Comments

  • Debit card access.
  • Open and fund with any amount.
  • Member FDIC.

Type: MMA

Minimum to earn APY $0

0.75%APY

Rates as of 8/21/2014
FDIC Insured

Advertiser Comments

  • Capital One 360: No fees. No minimums. No changing banks.

Type: MMA

Minimum to earn APY $5000

0.85%APY

Rates as of 8/21/2014
FDIC Insured

Advertiser Comments

  • Easy to open. Easy to fund. Easy to manage.
  • Free online banking and eStatements.
  • National network of free ATMs.

Type: MMA

Minimum to earn APY $0

0.90%APY

Rates as of 8/21/2014
FDIC Insured

Advertiser Comments

  • No Minimum Balance
  • No Monthly Maintenance Fees
  • FDIC Insured

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Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.