Advertiser Disclosure

Best Money Market Accounts 2017

Banking, Savings Accounts
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.

Money market accounts are a safe place to stash your savings at a competitive interest rate while providing easy access to your funds. Keep in mind, though, when it comes to interest rates, high-yield savings accounts may be just as good — or better.

Is an MMA right for you?

Weigh your options: High-yield savings with rates that beat money market accounts mean you’ll come out ahead in the long run, and the best savings accounts have low to no minimum deposits. MMAs often require a heftier deposit but are more likely to offer use of a debit card and the ability to write checks.

To help you compare, we curated the best money market accounts and high-yield savings options. Here are our favorites:

Top Money Market and High Yield Savings Accounts

Money Market Account
UFB DirectLearn more

at UFB Direct

 

  • APY: 1.41%
  • Account minimum: $5,000
  • Bonus features: Free Visa debit card and check-writing privileges

High Yield Savings
CIT BankLearn more

at CIT

 

  • APY: 1.35%
  • Account minimum: $100
  • Bonus features: No monthly fee

Money Market Account
EverBank Learn more

at EverBank

 

  • APY: 1.31% one-year promotional rate
  • Account minimum: $5,000
  • Bonus features: Regular MMA rate 1.01%; with $5,000 balance, third-party ATM fees reimbursed

High Yield Savings
Synchrony Learn more

at Synchrony

 

  • APY: 1.30%
  • Account minimum: None
  • Bonus features: No monthly fee; offers ATM card

High Yield Savings
Ally BankLearn more

at Ally

 

  • APY: 1.25%
  • Account minimum: None
  • Bonus features: No monthly fee; great digital experience; real-time chat

High Yield Savings
BarclaysLearn more

at Barclays

 

  • APY: 1.30%
  • Account minimum: None
  • Bonus features: No monthly fee

Money Market Account
DiscoverLearn more

at Discover

 

  • APY: 1.15%
  • Account minimum: $2,500
  • Bonus features: APY for $100,000-plus is 1.20%; highly rated mobile apps

Money Market Account
Bank of InternetRead full review

on NerdWallet

 

  • APY: 1.05%
  • Account minimum: None
  • Bonus features: No monthly fee; free Visa debit card; check-writing privileges

Money Market Account
Capital One Read full review

on NerdWallet

 

  • APY: 1.30%
  • Account minimum: $10,000
  • Bonus features: Great digital tools to create goals, automate savings

Margarette Burnette is a staff writer at NerdWallet, a personal finance website. Email: mburnette@nerdwallet.com. Twitter: @margarette.

Updated Nov. 9, 2017.


METHODOLOGY

To determine the best accounts, we took a close look at 70 financial institutions, including the largest U.S. banks based on assets, debit card volume, Internet search traffic and other factors; the nation’s largest credit unions, based on deposits as well as broad-based membership requirements; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage rates, minimum balances, fees, digital experience and more.

Financial institutions surveyed include: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express, Aspiration, Associated Bank, Bank5 Connect, BankDirect, Bank of America, Bank of Internet, Bank of the West, Barclays, BB&T, BBVA Compass, Boeing Employees Credit Union, BMO Harris, Capital One 360, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, EverBank, Fidelity, Fifth Third Bank, First Citizens Bank, First National Bank, First Tech Federal Credit Union, GoBank, Golden 1 Credit Union, GS Bank, HSBC Bank USA, Huntington Bank, KeyBank, M&T Bank, Navy Federal Credit Union, Pentagon Federal Credit Union, PNC, PurePoint Financial, Qapital, Radius Bank, Regions Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Simple, Star One Credit Union, State Employees’ Credit Union of North Carolina, State Farm Bank, Suncoast Credit Union, SunTrust Bank, Synchrony Bank, TCF Bank, TD Bank, Union Bank, UFB Direct, USAA, U.S. Bank, Varo, Wells Fargo, Woodforest National Bank, and Zions Bank.

How we rate banks and credit unions