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Standout Money Market Accounts

Why online banks dominate the list

The two most important factors for virtually every bank-shopper are APYs and maintenance fees (since they have the biggest impact on your bottom line). And, as it happens, online banks are offering massive APYs — as much as 10x the average APY** — plus, they also offer rock-bottom maintenance fees.

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*The national average annual percentage yield ("APY") is listed as 0.41% as reported by the Federal Deposit Insurance Corporation as of April 22, 2021.

**10x more interest based on the national average annual percentage yield ("APY") of 0.41% (as reported by the Federal Deposit Insurance Corporation as of April 22, 2021) as compared to online banks with interest-bearing savings account APYs of 0.60% or more. Estimated annual earnings result assumes principal and interest remain on deposit for one year and interest rates and APY do not change. Estimated annual earnings are for informational purposes only. Interest rates and APY are subject to change and specific results cannot be guaranteed.

To recap our selections...

NerdWallet's Standout Money Market Accounts