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Standout Money Market Accounts

Money market accounts are types of savings accounts that sometimes offer higher rates than high-yield savings accounts, but they also may have higher minimum requirements. Weigh your options: Some high-yield savings accounts beat money market accounts’ rates and have lower fees, which means you’ll come out ahead with the former. And the best savings accounts have low to no minimum deposits. But, without debit cards or checks, it might be slightly harder to access your money in a regular savings account compared to an MMA.

Check out these standout money market account offers from our partners, and start earning interest.

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Standout Money Market Accounts From Our Partners

NerdWallet rating 

4.0

/5
Discover Bank Money Market Account
Learn more

at Discover Bank, Member FDIC

APY

3.20%

With $1 min. balance for APY

Bonus

N/A

NerdWallet rating 

4.0

/5
Axos Bank® High Yield Money Market
Learn more

at Axos Bank®, Member FDIC

APY

0.25%

With $0 min. balance for APY

Bonus

N/A

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 0.33% 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 0.33% (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.

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People often identify opening a savings account as their next money move.

Marcus by Goldman Sachs Online Savings Account

5.0

NerdWallet rating 
Marcus by Goldman Sachs Online Savings Account

APY

3.30%

With $0 min. balance for APY

Bonus

$100

Requirements to qualify

at Marcus by Goldman Sachs, Member FDIC

American Express® High Yield Savings Account

4.5

NerdWallet rating 
American Express® High Yield Savings Account

APY

3.30%

With $1 min. balance for APY

at American Express National Bank, Member FDIC

Discover Bank Online Savings

5.0

NerdWallet rating 
Discover Bank Online Savings

APY

3.30%

With $0 min. balance for APY

To recap our selections...

NerdWallet's Standout Money Market Accounts