Best Money Market Accounts of 2019. CIT Bank (1.85% APY) – On May 24th, 2018, CIT bumped their MMA interest rate from 1.75% to 1.85%. You can see from the remainder of the list that this rate leads the way, and it’s why I have $25,000 currently planted there. The Best Money Market Accounts. 1. CIT Bank. Minimum Deposit: $100. CIT Bank is one of our favorite money market accounts because you earn 1.80% APY on your entire deposit and 2. BBVA. 3. Huntington Bank. 4. Ally Bank. 5. UFB Direct. One of the best things about opening a money market account through Discover is that there are no account fees. If you have more than $100,000 to save, then you can earn a 1.50% APY. For balances that are under $100,000, you can still receive a 1.45% APY. Just be sure to cross-check the best money market account rates with the best savings account rates, as you might find a better deal among savings accounts. You may want to choose a money market account over a savings account when you need better access to your funds. DETAILS (Why this money market account is a good deal): At 1.88%, the average rate offered by Sallie Mae Bank's money market account in the latest America's Best Rates survey was 1.504% higher than the average money market rate in that survey. On a $10,000 account balance this difference would be worth an extra $150.40 per year in interest.
1 Mar 2020 With many online accounts, this isn't always the case. With Ally Bank, their money market account offers a lower interest rate than their savings
If you are applying for a savings account, consider interest rates (APY), minimum deposits, and your financial goals when choosing a savings account. The best savings accounts will provide a high-yield APY but also give you the flexibility to securely withdraw or transfer money each statement period. The Huntington Bank Relationship Money Market Account has a solid promotional rate schedule and decent rates thereafter on balances from $25,000 up to $99,999,999.99, making it an ideal vehicle for high net worth savers. For new accounts opened through December 31, 2019, the promotional rates are even better. Another online bank that will allow you to earn stellar interest rates with its money market account is FNBO Direct. The FNBO Direct Online Savings Account offers up to 1.75% APY on all balances – no matter how high or low (although there is a maximum principal deposit balance of $1,000,000). Enjoy a competitive money market interest rate; Access your money, with up to 6 withdrawals per month fee free; Open an account online with a $25 minimum opening deposit The Best Money Market Accounts in 2020. BBVA Money Market Account. Sallie Mae Money Market Account. TIAA Bank Yield Pledge Money Market Account. Capital One. Discover Bank, Member FDIC. Ally. BMO Harris Bank. Synchrony.
19 Jun 2019 Large national online players, such as Barclays, First Internet Bank, That's because some money market accounts offer higher rate tiers for Money market funds are good options as a secondary savings account or to hold
Another online bank that will allow you to earn stellar interest rates with its money market account is FNBO Direct. The FNBO Direct Online Savings Account offers up to 1.75% APY on all balances – no matter how high or low (although there is a maximum principal deposit balance of $1,000,000). Enjoy a competitive money market interest rate; Access your money, with up to 6 withdrawals per month fee free; Open an account online with a $25 minimum opening deposit The Best Money Market Accounts in 2020. BBVA Money Market Account. Sallie Mae Money Market Account. TIAA Bank Yield Pledge Money Market Account. Capital One. Discover Bank, Member FDIC. Ally. BMO Harris Bank. Synchrony. The best national money market accounts. #1 Affinity Plus Federal Credit Union. The Superior Money Market offers its competitive rate to those with lower balances, unlike many other #2 BankUnitedDirect. #3 MemoryBank. #4 Prime Alliance Bank. #5 Discover Bank. Best Money Market Accounts of 2019. CIT Bank (1.85% APY) – On May 24th, 2018, CIT bumped their MMA interest rate from 1.75% to 1.85%. You can see from the remainder of the list that this rate leads the way, and it’s why I have $25,000 currently planted there. The Best Money Market Accounts. 1. CIT Bank. Minimum Deposit: $100. CIT Bank is one of our favorite money market accounts because you earn 1.80% APY on your entire deposit and 2. BBVA. 3. Huntington Bank. 4. Ally Bank. 5. UFB Direct.
