ZIP code. But it’s important to research the most attractive options before shifting your money because interest rates are so low that the bonus needs to make the effort worthwhile. When multiple banks offered similar ones, we chose the bank with the best account features for the typical user. Higher Rates – If you read all the reviews, you know that money market accounts typically have higher interest rates than savings accounts, which is a prime reason people open them. The best bonus offers are for accounts that you’ll want to keep for the long term. Discover Bank is an online-only bank with no retail branches. What's your ZIP code? Balance: $0; Ally Bank, APY: 0.50%, Min. Apply for a money market account online and start saving more today. Possibly the most convenient and quickest way to find the best money market rates is through researching financial institutions on the Internet. Best Money Market Rates and Accounts at U.S. Banks. Take advantage of the latest rates and offers of $360 bonus for Checking, Savings, CD, Money Market, and IRA promotions. The current money market account rate at Capital One is 2.00 percent, more than eleven times the FDIC national average MMA rate of 0.18 percent. Plus, enjoy no monthly fees. You are responsible for any tax due on any amount received under this offer. We're sorry. Without the flexibility of a traditional savings account, they also force people like us to keep our money in one place. Capital One money market account rates are very good right now and if you sign up before 5/19/19 you can earn up to a $500 promotional bonus. Opening an account does require an initial deposit of … Marcus offers a high competitive rate on their online savings account. For the first $25,000, the bank offers an interest rate of 0.50%. CIT Bank Money Market . No. There are no service fees. We need this to give you the right info for your location. Best Savings/Money Market rates; Best CD Account rates; If you are not eligible for these promotions, use our bank bonuses page to find other offers. U.S. Bank doesn't offer checking or savings accounts in your area. $100 Min. Money market interest rates vary a great deal, so shopping for rates can be very rewarding. The account provides an interest rate of 0.20% on balances of $25,000 or higher. Longer terms offer higher APYs. Note that while none of these accounts have monthly maintenance fees, some may require linked checking accounts with such fees. Chase Total Checking: $200 Bonus. I’ll go over the TIAA Bank offers below. These are the best free MMA options available at U.S.-based online and traditional banks and credit unions right now. The best money market accounts (MMAs) can be a great low-risk investment for your emergency fund or extra cash. None Fees. To receive the builder bonus, your account must be open on the date the builder bonus is paid. Go. If you can’t earn the cash bonus, Capital One 360 is still a fine institution. Are you a U.S. Bank customer? Apply today for a U.S. Bank Elite Money Market account for even higher-yielding competitive interest rates and other great rewards! Close. Yields apply on all balances above $500 and range from 0.40% to 0.70% APY, depending on term Tip #1: Use the Web to Research Money Market Account Interest Rates . Bonus Builder Money Markets earn 0.25% APY with a minimum balance of $1,000. Below is all the details you need to open a BBVA Money Market Account. For Platinum Business Money Market accounts with $3 million or greater in balances, the bonus APY does not apply. Rate Information: 0.01% APY on all balances. They will also have the useful features that you need without excessive fees. Even though rates are subject to change at any time, the America's Best Rates research by MoneyRates.com shows that most banks offering the best money market rates tend to be among the leaders year after year. Some money market accounts have minimum balance requirements of at least $10,000 to earn the best rates. The minimum to open is $500. They offer better interest rates than personal savings accounts, but are more liquid than certificates of deposit (CDs).You can find the best money market account rates available using our tool below. To maximize your monthly interest, a 360 Money Market account is only the best option if you can deposit at least $10,000 so you’ll earn 1.50% APY, plus the cash bonus. This account has a $12 monthly service fee which you can avoid by scheduling a recurring direct deposit of $500, maintaining a minimum balance of $1,500 at the beginning of each … Best interest rates for money market accounts. 1. UFB offers one of the highest interest rates out there on money market accounts, but there are also specific requirements for account holders. You can get a $200 bonus at account-opening with a qualifying direct deposit.. Skip to main content. The Chase Total Checking account also features one of the best bonuses when you open a new account. Check money market rates - twice. 0.5% APY. You’ll have to come in with a strong deposit to take advantage of Santander Bank’s best money market rates. Here are the best money market account rates for December 2020. Money market rates are comparable to those found with savings accounts, with the best ones offering around 1% APY. Balance: $0 Term CDs. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more. We based this list on the highest bonuses we could find in mid-September 2020. Best high-yield online savings accounts Best savings accounts Best CD rates Best checking accounts Best money market accounts Best cash management accounts Best bonuses and promotions Best … While the opening deposit is just $25, you’ll need a minimum balance of at least $100,000 to qualify for a high interest rate of 0.32% APY. When you have a Rewards or Ultra Checking account, we’ll add 0.25% APY to your Money Market rate 1, making it a total earning of 0.50% APY. We have reviewed various money market account offers from banks and credit unions across the nation and complied the Best Money Market Rates for 2020. Best money market account with high-balance APY UFB Direct . 1 Best Savings Account Rates. In the current financial market, many money market accounts are billed as jumbo by banks but feature reduced minimum balance requirements. High APY. Promotions: Chase sends postcards offering customers either $150 or $200 bonuses when they open a new Chase Savings account. Make sure read their terms and conditions in order to get the high rate and sign up for the best money market … Money market funds are similar to MMAs, except they are not insured by the FDIC. Finder Rating: 3.9 / 5 ★★★★★ Apply now at CIT Bank's secure site. There is no minimum to open and you only need $1 to earn the stated APY. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Capital One Financial Corp., APY: 0.50%, Min. Look for a money market account with a high rate and no monthly fees. 5 Tips to Find the Best Money Market Savings Rates. 1.1 Aspiration Spend & Save $100 Bonus + 1.00% APY; 1.2 Chase SavingsSM $150 Bonus; 1.3 Axos Bank High-Yield Savings 0.61% APY; 1.4 Axos Bank High Yield Money Market 0.60% APY; 1.5 American Express High Yield Savings 0.50% APY; 1.6 Discover Bank Online Savings 0.50% APY; 1.7 CIT Bank Money Market 0.50% APY; 1.8 Simple Account … The 12-month term CD offers one of the best rates on the market. Discover Bank's Money Market Account earns a 0.35% APY when the account's balance is under $100,000, though that rate jumps to 0.40% when the balance crosses the $100,000 threshold.There is a $2,500 minimum opening balance for the aforementioned APYs. Yes. They will be the bank accounts that have a history of offering very competitive rates. Money market accounts sometimes offer higher interest rates than savings accounts. The web has become our greatest tool in finding and comparing information. The minimum opening deposit for a Capital One 360 money market account is $10,000. Money market deposits less than $10,000 only net 0.85% APY which is half the current yield of CIT Bank. But you might have to maintain a higher minimum balance. However, they are still able to offer Checking, Savings, Money Market, CD, and IRA CD accounts. Table of Contents. opening deposit. Explore investing opportunities with money market accounts. Money market funds are typically offered as an option in 401(k) plans. Rates and bonus periods are variable and subject to change, please see banker for details. Regular CDs and Rates: AbleBanking has five CD products: 6-month, 1-year, 2-year, 3-year, and 4-year. The bonus will be paid by the second business day of the month following each month the bonus is earned. Money market accounts from TotalDirectBank earn one of the best rates among the options. An account that has a competitive rate now doesn’t mean it’ll remain competitive over the long run. Traditionally, you get check-writing and debit card privileges with money market accounts, which you usually don’t get with savings accounts. If you need a place to store your emergency fund or other liquid savings, hopefully our Best Money Market Accounts list above will work for you. Offer is valid for new US Bank accounts only, not subject to other business savings accounts, or savings account transfers into the U.S. Bank Platinum Business Money Market. The best jumbo money market rates often appear in true “jumbo” accounts that still require minimum investments of at least $100,000. To earn the bonus, you must deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. If you would like to see other savings products to expand your savings portfolio, check out our Best Bank Rates & Best CD Rates nationwide and statewide! 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