Best Banks for Money Market Accounts for 2026

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For your day-to-day spending, you typically want a checking account. And to store cash for the future, you usually want a savings account, preferably one where you earn interest. But sometimes you want a little of both.

Money market accounts (MMAs) function as a hybrid between checking and savings, combining features of both account types. They tend to offer higher interest rates than traditional savings accounts, and many offer debit cards and checks, giving you access to your money that’s more akin to a checking account. Read on for our list of the best money market account rates on the market, as well as a guide on how to choose the best one for you.

What to know about money market account rates

The interest rate on money market accounts will usually be presented as an annual percentage yield (APY). This figure shows what percentage of interest you’d earn on your money in a year, while an interest rate shows the percentage of interest you’d earn in the account without compounding.

As is the case with high-yield savings accounts (HYSAs), the APY on money market accounts are variable. When banks and credit unions see the Federal Reserve increase or decrease its benchmark interest rate, they tend to do the same to products like money market accounts.

How we chose our top picks

Our editors and writers collected the rates on roughly 60 money market accounts from some of the largest and most popular commercial banks, credit unions and online banks. While APY was the main factor we considered, we also considered minimum opening requirements, balance tiers and more. Unless otherwise noted, these picks don’t have monthly maintenance fees.

Read the full methodology to learn more.

Our top picks for Best Banks for Money Market Accounts for 2026

The companies listed below are organized in descending order of APY.

• ZYNLO Money Market Account
• First Foundation Bank Online Money Market Account
• CFG Community Bank High Yield Money Market
• Vio Cornerstone Money Market Savings
• Quontic Bank Money Market Account
• UFB Bank Portfolio Money Market
• EverBank Performance Money Market
• Sallie Mae Money Market Account
• Western State Bank High Yield Money Market Account
• Ally Bank Money Market Account

*Rates and APYs are subject to change. All information provided here is accurate as of Oct. 14, 2025.

Why we chose this company: ZYNLO’s money market account is appealing for its 4.40% APY, which is seven times the national average, and its ease of use. You only need $10 to open the account, and there’s no minimum balance required to earn the advertised APY. Unlike some banks, you’re not limited to a certain number of withdrawals a month, and there’s no monthly maintenance fee. Although ZYNLO is a division of PeoplesBank, in-person customer service isn’t available. Customer service is available by phone 24/7. There are no overdraft or non-sufficient fund fees, but there are also no check-writing capabilities.

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Why we chose this company: First Foundation Bank offers an attractive 4.10% APY, and the account comes with check-writing privileges, a debit card and mobile check deposit. The high $500 minimum opening deposit is one drawback to this account, but it can be waived with an average daily balance of $2,500. Another drawback is a restriction on funding the account with money from another existing First Foundation Bank account. If you happen to live in California, Florida, Hawaii, Nevada and Texas, you may be able to find a physical branch of First Foundation Bank, but this account is to be opened online, and can be done so from anywhere in the U.S.

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Why we chose this company: This account from CFG Community Bank made our list thanks to its attractive 4.05% APY, but it only makes sense to open this account if you’re going to keep at least $1,000. Not only is that the required minimum opening deposit, but if your balance drops below that amount, you won’t earn the APY and you’ll face a $10 monthly fee. It’s also important to note that your funds won’t be available for withdrawal for the first 30 days after you open the account. There are no check-writing privileges with this account. CFG does have brick-and-mortar branches, but only in Maryland.

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Why we chose this company: Vio, a division of Oklahoma City-based MidFirst Bank, offers a 4.15% APY on every dollar in the account. There is a $100 minimum requirement for opening, which is relatively low, and no monthly maintenance fee. As an online-only bank, Vio doesn’t have debit cards or check writing capabilities, but there is customer service seven days a week (7:00 a.m. to 9:00 p.m Central Time Monday through Friday, 8:00 a.m. to 6:00 p.m. Saturday and 12:00 p.m. to 4:00 p.m. Sunday.)

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Why we chose this company: Quontic Bank’s money market account has an APY of 4.25% with no minimum balance requirement and no monthly maintenance fees. It also has a reasonable minimum opening deposit of $100. You get checking-writing privileges and can request a free debit card after having the account open for 30 days. However, there is a limit of six withdrawals per statement cycle. It’s also important to note that the daily and monthly external transfer limits at Quontic range from $2,000 daily to $10,000 monthly, and you’ll have to create an account and login to see what those are.

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Why we chose this company: UFB Direct, an Axos Bank brand, has an attractive 3.76% APY and check-writing privileges. Although there’s technically no minimum amount to open the account and earn interest, you’ll have to pay a $10 monthly maintenance fee unless you maintain a balance of at least $5,000 — which is on the high side. UFB Direct also provides an array of digital tools, including mobile check deposits, SMS banking and online banking.

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Why we chose this company: EverBank’s money market account has a competitive 4.00% APY, but a very high $10,000 minimum balance requirement to earn that rate. Balances below that amount just earn 2.02%, which is not a competitive rate in today’s market. There are no fees for ATM use, overdrafts or debit card replacement. The bank will also reimburse you for fees paid at other ATMs up to $15 per month.

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Why we chose this company: Sallie Mae’s money market deposit account comes with a competitive 3.85% APY on all balances with no minimum opening requirement. You can deposit checks via mobile, but there are fees for other services, including $5 for check orders (though the first order is free if you place it when you open the account).

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Why we chose this company: Western State Bank may be based in North Dakota, but you can open a money market online that offers a competitive 3.75% APY on all balances. While the lack of a minimum balance requirement is a plus, this account also has several drawbacks. Its $5,000 opening requirement is high and access to the account is limited, since there is no check writing or debit cards. The first 10 withdrawals are free; many MMAs limit that to six.

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Why we chose this company: Ally may be popular for its HYSA, but its money market account is also worth considering, thanks to its 3.40% APY and lack of a minimum opening requirement, balance requirements and monthly maintenance fee. This account has a debit card and check-writing privileges. Ally is one of the best-known online banks and that’s in part to its wide range digital offerings, including 24/7 customer service via phone, chat and email. However, some of its checking and savings account features — including savings buckets and roundups on purchases that automatically transferred to your account — aren’t available with the money market account.

Other money market accounts we considered

We assessed many HYSA accounts that ultimately did not make our list. Below are several companies that were not named on our list but have attractive APYs and may be a fit depending on your needs.

Discover Money Market Account

Discover’s money market account offers access to ATMs, debit and checks and has very few fees. It’s a solid option for savers, but it didn’t make our list because its APYs of 3.30% for balances under $100,000 and 3.35% for balances over $100,000 is lower than the others on our list.

Bank5 Connect Connect Money Market Account

Bank5 Connect’s money market account has a $100 minimum opening requirement and a $100 balance requirement to earn the advertised interest rate, and it comes with a checking-writing capabilities and a debit card. However, the 3.03% APY is lower than what other high-yielding money market accounts offer.

How we chose the best banks for money market accounts

To find the best money market accounts, we collected APYs from around 60 of the largest and most popular banks, credit unions and online banks. We assessed what the APY was for each balance tier, and determined whether the advertised APYs were introductory promotions.

While APYs were our main focus, we also collected information on the accounts’ minimum opening deposits and fees.

You can read our full methodology here.

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