Best Money Market Accounts for September 2021

Learn more about money market accounts and see which ones are the best. MoneyRates shows you how to narrow your search for the best money market accounts.

Our articles, research studies, tools, and reviews maintain strict editorial integrity; however, we may be compensated when you click on or are approved for offers from our partners.

If you care about your finances and have worked hard to ensure your money is working for you, there's no reason why your money market account should be earning a less-than-competitive rate.

You can do better.

The good news is that instead of scouring the internet to find the best money market account rate, you could take a look at our curated list of the best money market accounts. We've compiled a list of the select group of banks that consistently offer the highest money market account rates in the industry.

Here's a couple of our featured standouts - but read on for the full list, learn how we determined that these are some of the best money market accounts, and discover how you can improve your yield even in a falling rate environment.

Where to Find the Best Money Market Accounts

Finding the bank with the best money market account to meet your goals is as easy as using our money market explore tool. Give it a try and find the best money market account for you.

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Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield).
Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
Coleman County State Bank
FDIC Insured

What Is a Money Market Account?

A money market account is similar to a savings account, except it may also offer a debit card or check-writing capability to facilitate withdrawals.

The ability to use money in the account by writing checks and using a debit card makes a money market account particularly effective for your emergency fund or as a place to hold funds in between investments.

Like an online savings account, online money market accounts typically earn higher yields safely. What's more, most are offered by banks and credit unions that are insured up to $250,000 by the FDIC or NCUA.

Savings and money market accounts fall under Federal Reserve Board Regulation D, which limits withdrawals to six per month. These accounts are not designed for frequent transactions like paying bills, but they are a great place to put your money and earn more interest than you would in a typical checking account.

Money market account rates change frequently too, so making sure your deposits are optimized to earn the best yield is the best way to accumulate savings for large purchases. For high-growth potential over the long term, you may want to search for a CD or other investment.

Best Bank to Open a Money Market Account

While rates are changing all the time, there are some standout money market accounts that offer higher-than-average interest rates to account holders. We've compiled some of the best banks offering high-yield money market accounts to help you decide.

Axos Money Market

Despite rates falling dramatically over the past few years, Axos Bank's high-yield money market account has maintained some of the highest rates as of late. Here's a quick look at some of the best features:

  • No minimum balance requirement
  • $1,000 minimum balance required to open account
  • No monthly maintenance fees
  • $8.00 fee if balance falls below $1,000
  • Write checks on available balance


Type of account: Online money market account

About the bank: Based in sunny San Diego, California, Axos Bank is an FDIC-insured bank. Established in 2000, it had about $14.4 billion in total deposits as of mid-2021.

Key features: The average rate offered by Axos Bank's money market account in the latest America's Best Rates survey was .791% higher than the average money market rate in that survey. On a $10,000 account balance this difference would be worth an extra $79.10 per year in interest.

Best Money Market Accounts with Consistently High Rates: Editorial Reviews

The latest America's Best Rates survey showed again that most consumers could still earn more money on their money market accounts. Even as rates continued to fall, there were still a few banks offering average rates of over .90% in the most recent quarter. That's many times the national rate offered at some of the largest national banks.

Switching to a better money market account (or savings account, for that matter) is one of the easiest ways to earn more every year without much effort.

Learn more about each of the banks that also make the cut here:

Sallie Mae Money Market

A money market account with Sallie Mae Bank could be helpful and efficient, particularly if you have a student loan through Sallie Mae.

Pros Cons
  • No minimum balance requirement
  • Interest rate and tiered structure may change at any time
  • No monthly maintenance fees
  • Excess transaction fee may apply
  • Write checks on available balance


Type of account: Online money market account

About the bank: Based in Salt Lake City, Utah, Sallie Mae Bank is an FDIC-insured bank that was established in 2005. The bank also offers savings accounts, CDs, and private student loans.

Key features: The average rate offered by Sallie Mae Bank's money market account in the latest America's Best Rates survey was .711% higher than the average money market rate in that survey. On a $10,000 account balance this difference would be worth an extra $71.10 per year in interest.

First Internet Money Market

First Internet Bank is another great option for money market accounts, but you'll need to pay attention to the tiered structure to earn the highest interest rate.

Pros Cons
  • Competitive APY
  • Monthly maintenance fee of $5 if balance falls below $4,000 
  • ATM fee surcharges are refunded up to $10 per month
  • Minimum to open an account is $100
  • Mobile app is available


Type of account: Online money market account

About the bank: First Internet Bank of Indiana is an FDIC-insured bank that was established in 1999. As of mid-2021, it had over $3 billion in total deposits.

Key features: For customers who can maintain a minimum balance of $4,000 and thus avoid the $5-per-month maintenance fee, the average rate offered by First Internet Bank in the latest America's Best Rates survey was .711% higher than the average money market rate in that survey. On a $10,000 account balance this difference would be worth an extra $71.10 per year in interest.

CIT Bank Money Market

CIT Bank is consistently among the best of the online money market account offerings.

Pros Cons
  • Works with Zelle and PayPal
  • Minimum to open an account is $100
  • No monthly service fees
  • Excess transaction fee may apply
  • Deposit checks remotely and make transfers using CIT Bank's mobile app


Type of account: Online money market account

About the bank: CIT Bank is an FDIC-insured bank that was established in 2009. It is headquartered in Pasadena, California. As of mid-2021, it had about $42 billion in total deposits.

Key features: CIT Bank's money market account in the latest America's Best Rates survey was, on average, .701% higher than the average money market rate in that survey. On a $10,000 account balance this difference would be worth an extra $70.10 per year in interest.

CIT Bank Money Market Account Review

ableBanking Money Market

The ableBanking division of Northeast Bank also manages to keep interest rates consistently high over time, but be aware of the tiered structure for rates here.

Pros Cons
  • Minimum balance to earn APY is $0.01
  • Minimum to open an account is $250
  • Competitive APY
  • Excess transaction fee may apply
  • Mobile app is available


Type of account: Online money market account

About the bank: ableBanking, a division of Northeast Bank, is an FDIC-insured bank that was established in 1872. As of mid-2021, it had about $1.2 billion in total deposits.

Key features: On average, the money market account offered by ableBanking in the latest America's Best Rates survey was .701% higher than the average money market rate in that survey. On a $10,000 account balance this difference would be worth an extra $70.10 per year in interest.

Discover Bank Money Market

Well known for its no-fees-ever policy, Discover Bank also offers consistently high interest rates on its money market account.

Pros Cons
  • Competitive APY
  • Minimum to open an account is $2,500
  • Deposit checks remotely with mobile app
  • Tiered interest rate structure
  • Large ATM network


Type of account: Online money market account

About the bank: Based in Greenwood, Delaware, Discover Bank is an FDIC-insured bank that was established in 1911. As of mid-2021, it had about $63 billion in total deposits.

Key features: The average rate offered by Discover Bank's money market account in the latest America's Best Rates survey was .531% higher than the average money market rate in that survey. On a $10,000 account balance this difference would be worth an extra $53.10 per year in interest.

How We Compare Money Market Accounts

The following are the characteristics MoneyRates looks for when comparing banks to find the best money market accounts:

  1. Security of your funds

    The America's Best Rates survey covers money market accounts eligible for Federal Deposit Insurance Corporation (FDIC) insurance.

  2. Compound interest rates

    Annual percentage yield (APY) rather than simple interest is used for comparison purposes to take into account the effect of compounding.

  3. Consistent interest rates

    Since money market offers are subject to change at any time, MoneyRates looked for consistency by measuring the average rate each bank offered throughout the calendar quarter being studied.

  4. Minimum-balance requirements

    Since different rates may apply to different account balances, MoneyRates compared rates across a uniform balance tier for all banks.

  5. Online vs. branch-based banking

    To track rate trends across different types of money market accounts, MoneyRates computes average rates for both online and traditional, branch-based accounts.

How We Picked the Best Money Market Accounts

To objectively measure the characteristics described above, here is how MoneyRates evaluates money market accounts and rate trends:

MoneyRates continually monitors money market account offers from hundreds of banks and tracks banking trends by measuring rates in a representative cross-section of the banking industry through its America's Best Rates survey. This cross-section includes 50 of the largest deposit institutions in the United States, plus 25 medium-sized and 25 small banks. This represents nearly three-quarters of all deposits in U.S. banks.

Since banks may have different minimum-balance requirements and apply different rates to different balance tiers, MoneyRates compares the rate each bank would apply to a $10,000 money market account.

MoneyRates looks for consistency when it puts together its list of the highest money market account rates. Money market account rates are subject to change at any time, so rather than listing rates based on a single snapshot in time, MoneyRates measures the average rate each bank offered during the entire calendar quarter.

Between measuring a large cross-section of the banking industry and putting the emphasis on banks that offer consistently high rates, the MoneyRates bank rankings can point you toward several choices of leading money market accounts.

What to Consider Before Opening a Money Market Account

Here are eight essential tips to guide you as you evaluate the best money market account for you:

1. Check money market rates - twice

Money market interest rates vary a great deal, so shopping for rates can be very rewarding.

Even though rates are subject to change at any time, the America's Best Rates research by MoneyRates shows that most banks offering the best money market rates tend to be among the leaders year after year.

While comparing money market rates can be very rewarding, here are three things you should know when shopping for rates:

  • Teaser vs. ongoing bank interest rates

    Some banks lure customers with short-lived "teaser" rates. These look great but soon expire. What you really want to know when shopping for rates is what the ongoing rate currently is.

  • Jumbo money market rates

    These are special rates some banks offer for accounts of $100,0 00 and up. If you have a balance that big, you should base your decision based on the jumbo money market rates available.

  • Different rate tiers

    While not all banks offer special rates for jumbo accounts, many do have different rate tiers. This means the bank will offer different rates depending on the size of your balance. Compare rates based on what your balance is likely to be, and be alert for maximum balance limits for certain rates as well as minimum-balance requirements.

2. Watch out for fees

While comparing rates should be your first consideration when choosing a money market account, be aware that some banks also charge monthly maintenance fees on these accounts. These fees often apply if you fail to meet a certain minimum-balance threshold.

Fees can eat away some or all of the interest you earn, so try to avoid money market accounts with monthly fees unless the account's interest rate advantage is enough to overcome the effect of the fee.

3. Note the minimums for money market deposits

The minimum to open an account may differ from the ongoing minimum-balance requirement. This means that just because you have enough money to open an account doesn't mean you have enough to meet the minimum-balance requirement, which could affect the fees you pay and/or the interest rates you earn.

Also pay close attention to minimum-balance requirements if you expect you may be withdrawing from the account over time. Try to choose an account that will allow you to meet their minimum-balance requirements even after you make your withdrawals.

4. Compare traditional vs. online banking

There is often a huge rate difference between traditional, branch-based accounts and online money market accounts. Compare rates based on the type of banking you plan to do.

Note that online money market account rates are generally much higher than traditional money market account rates; so if possible, opt for an online account.

5. Ensure sufficient access to funds

As mandated by the Federal Reserve's Regulation D, money market accounts (and all other accounts classified as "savings deposits") may only permit six or fewer transfers to third parties per month. That includes checks and debit-card transactions, which means these accounts aren't ideal for funding regular purchases.

In addition, be sure to research any restrictions on how quickly you can access your money market account.

6. Pick your perks for accounts

Some money market accounts include check-writing and debit-card privileges - something ordinary savings accounts do not. But it's important to verify that any account you're considering has these perks if you wish to have them, because they aren't universal.

Additionally, some banks also offer reimbursements of ATM fees, as well as online tools to assist you in managing your account. If you're an online-banking aficionado, it couldn't hurt to take a tour of a prospective bank's website - or perhaps even read some reviews of it - before opening an account there.

7. Consider if you need a retirement money market account

If you want to have low-risk investments for your retirement, determine if a retirement money market account is right for you. For example, setting up a money market account within an Individual Retirement Arrangement (IRA) could give you tax advantages.

A money market account is not the type of growth vehicle people typically use for long-term retirement savings, but it can be useful to provide liquidity once you reach retirement age or to balance out riskier investments.

8. FDIC insurance limits for money market accounts

Are money market accounts FDIC insured? They can and should be. Make sure that your deposits will be backed by insurance from the FDIC. FDIC insurance coverage protects funds up to $250,000 per depositor, per institution in the event of a bank failure, and banks that carry it are required to display the FDIC emblem prominently in their branches or on their website.

Like most types of insurance, it's something you hope to never use but that you'll be very glad to have if things turn for the worse.

If you are looking to deposit more than $250,000 in a non-joint account (FDIC insurance can protect joint accounts to a higher level since there are multiple account owners), it's wise to spread your money among multiple FDIC-insured institutions to ensure maximum coverage of your funds.

Frequently Asked Questions

Q: I tend to think of online vs. traditional banking as a matter of preference, but is there more to it than that? Are there some situations where an online bank is just better than a traditional bank?

A: Choosing between online banking and traditional banking is often a matter of preference, but there are some situations that may be a better fit for one or the other.

For example, in a recent survey of online savings accounts, has found that online banks tend to offer higher interest rates on savings accounts than traditional banks. This is no surprise, because it represents the fact that an online institution can operate with less overhead than a bank which must maintain an extensive branch network. Also, savings accounts are a great fit for online banking, because the nature of them is that you shouldn't need much in the way of ongoing contact with bank representatives.

A checking account, on the other hand, is designed for more frequent interactions. This doesn't necessarily rule out an online bank, but you'd want to make sure there is a wide enough ATM network in your area to meet your needs.

One concern that often comes up in connection with online banking is security. You should inquire about what a bank has done to secure its web access, and what its safety record has been. You should also recognize your role in the security of your banking data. Make sure the firewall and other security measures on your computer are adequate, avoid accessing bank information on public networks, and use creative passwords that would be hard for anyone else to guess.

Finally, keep in mind that security breaches are not unique to online banks. Hackers have penetrated the computer records of traditional banks as well, so in this day and age, you should have a conversation with your bank about security, whether or not you bank online.

Additional FAQs

According to the latest America's Best Rates survey by, the average interest rate on money market accounts is 0.159%, though several banks offer at least five times that rate.

You can take money out of a money market account at any time, though how quickly you can get your money may depend on specific restrictions and procedures at your bank. By law banks have to make your money available within seven days; but as a practical matter, most banks do it much faster than that.

You can make payments from a money market account; though the number of transactions per month is limited, so these accounts are not ideal for regular bill payments.

You can withdraw money in person from a money market account as often as you like (this also includes ATM transactions). However, other types of transfers out of the account, including automatic payments, checks, debit-card transactions and other transfers to third parties are limited to six per month.

Your money market account may have a check-writing feature, but note the limitation on check-writing in the answer to the question above.

Typically yes, though how often interest is compounded can vary. That's why it is important to compare the annual percentage yield (APY) rather than the simple interest rate, because the APY takes into account the impact of compounding.

Both money market accounts and checking accounts at participating banks are covered by FDIC insurance for up to $250,000 per depositor (or $500,000 for joint accounts) per institution. Money market accounts offered by credit unions rather than banks are covered by a similar form of federal insurance offered by the National Credit Union Administration (NCUA).

Your interest will be taxable during the year in which it is earned, unless your money market account is part of a qualified retirement plan like an IRA.

Money market accounts operate in essentially the same way as a savings account, though they may offer different interest rates and/or have different procedures for accessing your money.

While you can access a money market account at any time, a certificate of deposit usually locks up your money for a specified period of time and imposes a penalty if you access your money before that time has expired.

David Ruelas 6 January 2017 at 6:56 pm

United Bank is offering 1.25% APY on money markets.

Kevin Williams 22 April 2016 at 2:25 pm

I have been with Ridgewood Savings Bank for 5 years .The customer service in this bank has exceeded my expectations. Manager helped me get organized in a way that has helped me grow my business. I recommend that any young entrepreneur or start up to get signed up with their business banking services as it can be difficult for an artist/creative person to get organized. I also have an account here and I am very satisfied with this bank. Incidentally, if you are searching information aboutRidgewood Savings Bank you can find it here

HungryByteman 31 December 2014 at 6:08 am

Hey, RICH NG,How about telling us where BECU is, because the BECU in Washington State is almost as low in their rates as the CU's in SC, under half a percent.

rich ng 21 November 2014 at 2:48 pm

Don't see credit unions either... Maybe not considered banks? BECU offers 2% interest for their premium no fee checking...

Linda Rowsey 30 October 2014 at 11:13 pm

I do not see Wells-Fargo in the 148 pages of banks listed. Did I miss it?

Smith 22 September 2014 at 2:07 pm

Clayton Bank and Trust is offering a new Prime-Based Money Market Account with no minimum balance to open the account or earn the APY, which is currently 0.75%. The rate is WSJ Prime minus 2.5, so you won't need to rate shop when prime moves. There are also no fees or complicated requirements.

Harry 12 August 2014 at 9:26 pm has 1.00% with no minimum and no fees!

Bree Martin 16 May 2014 at 6:35 pm

FSG Bank in East Tennessee has a great rate of .75% on $10,000 I was looking for somewhere to park some liquid cash for awhile and they were great and easy to deal with.

Julie Baek 24 September 2013 at 12:02 am

I was looking around for a higher interest savings account so i had been purusing sites looking for the best deal. I ultimately found mine beause my mother in law saw an ad in the korean newspaper. I opened my account today at First Choice Bank, my experience was pleasant nothing negative to report, its their high yield savings account, minimum: $10000, 1.00%, this rate will not change for a year, and you have to open the account by 11/30/2013, I think you have to go into the branch to open though which was fine with me since I happen to live closeby to one of their branches. I think their website has a list of all their locations ( They are only in southern california so if you live nearby its pretty convienient.

Richard Rosenberg 24 August 2013 at 1:00 am

We opened a M.M. account with Amtrust Direct which pays 1.05%. Take it from me its not worth the difference between other internet banks. We sent the application in 7-11-13 and today its 8-23-13 and all issues have not been addressed. Its been a absolute nightmare dealing with a staff that doesn't know whats going on. The time ive been on the phone with the bank has been a total WASTE. Richard Rosenberg

Peter 2 June 2013 at 1:12 pm

Barclays has now dropped to .90% and didn't notify me of the rate change. Salem Five is a mess. They offered a great rate, and I set up an account only to be informed after the whole process that the rate was for new money only.

Doug 8 April 2013 at 8:52 pm

I'm a big fan of Barclays as I have been with them since June, 2012 and their interest rate has remained 1% the whole time.

Michael 12 February 2013 at 3:14 am

Salem Five is offering 1.25%, but setting up an account with them is very tedious and we just learned they have very low limits for making deposits and withdrawals on line. First deposit has to be by mailed check. We set up an account and ended up closing it after having to repeatedly call them for clarification of their policies and procedures. Opened an account with CITbank(1.00%) that went very smoothly. Much better experience.

Mary 23 January 2013 at 5:06 pm

TIAA Direct's savings account APY went down to 1.00% for all balance amounts.

Maria - MONEYRATES MODERATOR 15 January 2013 at 6:36 pm

Hi Doug, My apologies for the oversight and not responding to your earlier email. Barclays is included in our list. Take a look at our Best Savings Accounts page Barclays Online Savings Account is currently listed on the fifth page of our financial institutions list. According to Barclays website they have over 300 years of banking history and currently have banking operations in over 50 countries including the U.S. Barclays Bank Delaware is FDIC insured. Thank you for contacting us!

Jean 14 January 2013 at 5:12 pm

I am checking rates and also comments on institutions. I note that none of the comments posted here are past September 2012. It is now January 14 - are there any more current comments?

Norman Ross 8 January 2013 at 1:30 am

Salem Bank 1.25%

Corey 20 December 2012 at 4:57 am

Be sure to check credit union accounts. I make my living through a Fortune 500 company that has their own credit union available for us. The regular savings account that I have with them has been earning around 2.4% APY for the past 2 or 3 years. It also has very easy and favorable terms for the everyday common man. Be sure to look into this sort of thing at your workplace if you work for a large company.

Doug 10 December 2012 at 4:51 pm

I will ask it again: What is the reason that Barclays is not included on your list?

Monty Berry 6 December 2012 at 1:43 am

UFB Direct now at the great low rate of .80. I moved money from American Express back in July to UFB when they were at 1.30. Now American Express is higher.

Eric Deleon 20 October 2012 at 7:02 am

Careful with Sallie Mae. They may have a good rate now and then but they can actually "set off" money from any SM account you have if you owe money on student loans from them(which most students are not aware of); banks are not legally required to inform you if they take your money from an account you have with them, only after they have already done so. Technically, if you have a loan from them, you owe them money, but if you have priority payments e.g., rent, utilities, insurance, etc., this can be a pain in the ass. If you have an unpaid loan from Sallie Mae, DO NOT bank with them! Simple rule: "Don't bank where you've got debts."

Dennis Bell 2 October 2012 at 7:32 pm

Don't forget Sallie Mae Bank. Paying 1.05% on savings as of 10/02/12

Sandra H. Myers 30 September 2012 at 9:30 pm

American Express lowered the interest rate after I opened my account and has never paid the advertised rate again. Currently they are advertising .90%. My last statement dated September 1 paid .87%. Shopping now for better rates.

Bill Garrison 27 September 2012 at 3:43 pm

I have a pre-paid credit card with a savings account option paying 5% APR. Is that good?

Doug 20 September 2012 at 6:44 pm

Why isn't Barclays listed? They have been paying 1% for some time now.

Maria - MONEYRATES MODERATOR 9 September 2012 at 9:46 pm

Hi Tim, Thank you for letting us know that UFB Direct has lowered their MMA rate to 1.10% APY. Deposits for UFB Direct are FDIC insured through BofI Federal Bank. Thanks again!

Tim 7 September 2012 at 4:04 am

Looks like UFB Direct has lowered their MMA rate to 1.10% APY now.

Alan 17 August 2012 at 8:18 pm currently offering FDIC insured MMA @ $1.30% APY

MARIA - MONEYRATES MODERATOR 9 August 2012 at 12:08 am

Hannah: Thanks for your comment. Regulation D applies only to certain types of electronic and telephone transactions. Unless otherwise prohibited by the bank, customers should be able to make as many withdrawals as they like from their savings account via in-person transactions such as branch and ATM withdrawals. But to avoid any confusion, I've amended the article slightly to reflect this distinction. You can also find more specifics on Regulation D as it pertains to savings accounts on page 3 of this document from the Federal Reserve: Thanks again, Maria

Trudy 27 July 2012 at 11:38 pm

It appears that TIAA Direct is currently not taking on any new accounts.

Hannah 21 June 2012 at 12:54 pm

Hi Julie - isn't it a bit misleading to say "There are no limits to the frequency or amount of money you can remove from typical savings accounts."? Regulation D limits the number of withdrawals made per calendar month from US savings accounts to 6. Many customers are confused by this, and it might be helpful to make a note of this in your otherwise excellent overview.

P Smith 3 May 2012 at 7:14 pm

I am currently earning 2.01% on my checking account at Cardinal Bank. They have 27 locatons in VA, DC and MD. There are some stipulations, but who doesn't have them? I could not be happier. Great people to work with and a great rate on balances up to $100K.

Yoni 10 April 2012 at 8:37 pm

I recently spoke with a capital one banker, they have a checking account that offers 1% for the first year provided that you have a minimum balance of 5k. I think I'm going to open one.

Maria - MoneyRates Moderator 25 March 2012 at 11:34 pm

Hi Jim,Thanks for the tip about TIAA Direct which is a division of TIAA-CREF Trust Co, FSB, Member FDIC. We added their products to our rate list. And currently the products are available nationwide. If anyone has any experience with TIAA Direct please submit a comment, we would appreciate hearing about your experience. Thanks!

Maria - MoneyRates Moderator 25 March 2012 at 11:18 pm

Hi Elvis,We often respond directly to the individual who contacts us, however point well taken and we will do our best to respond in our comment section. Thanks for the valuable feedback!

Brown Financial 25 March 2012 at 8:04 pm

What a great comparison of savings account rates!! Had to share this. It's important everyone knows the value of shopping around even when it comes to your bank accounts. Every penny counts these days, why not keep more of your money in your own pocket!

Elvis 20 March 2012 at 5:58 pm

Can the focals at Moneyrate verify the top rates suggested by the readers AND give stability information on the bank??????Summary: cardinal - 2.1% upto $100,000 FDIC insured Washington Saving Bank - 1.5%, Massachusettes ONLY ING Direct - 0.9% Electric Orange checking Acct Provident Credit Union(CA) - 2.06% Super Rewards Checking upto $25,000

jim 14 March 2012 at 1:40 pm 1.25 % mma

Roz 4 March 2012 at 4:16 pm

I see Washington Savings Bank has a 1.50% rate. Can anyone tell me where this bank is located and its contact information.Thanks.

R 9 February 2012 at 1:08 am

Is AmTrust really capped at $100,000? Their customer service says they pay 1.15% from 5K through 250K. Please call them and verify.

ddofsea 21 January 2012 at 9:28 pm

consumers credit union @ 4 % rewards checking as / of 01 / 21 / 2012

Scott 14 December 2011 at 12:15 pm

I received this message from Smarty Pig on December 2:Effective Friday, December 9, 2011, the interest rate paid on SmartyPig savings accounts will be adjusted. The interest rate earned on balances* $0.00 - $50,000.00 will be 0.698% (0.70% APY). The interest rate earned on balances* above $50,000.00 will be 0.499% (0.50% APY). *Balances: For purposes of calculating balances for determination of the rate tier that applies, total balances of all goals within your SmartyPig profile will be aggregated.

Leanna 6 December 2011 at 9:39 am

Discover (the credit card company) has an interest rate of 1.00%, minimum to open is $500, no minimum to earn interest or avoid fees, and is accessed via ACH transfers. I might go with this one because I already have a credit card through them and love them. Their transfers always clear by the same business day.

r2u 22 November 2011 at 8:25 pm

ING rates have dropped again. They are now at .79

Rory 13 November 2011 at 5:10 pm

A Credit Union in California ... check out Provident CU which offers approx 2.06% on it's Super Reward Checking a/c - look in 'search function.

Rachel 9 November 2011 at 3:50 pm

Linda Thanks for the tip. Just what I was looking for. As a side note, I could not find the special program on their website, but when I chatted with representative and inquired about the special 4 month promotion I was given a link. Thanks again.

Linda 4 November 2011 at 7:32 pm

FlagStar Bank offers an on-line savings account interest rate of 1.25% APR guaranteed for 4 months

Linda 8 October 2011 at 1:44 pm

I agree with Susan about Capital One in that Interest rate keeps going down for Interest Plus Online Savings. Was 1% on 9/9 and 0.95% on 9/30 and 0.85% on 10/8. The HIgh Yield Money Market is now down to 0.65%. I am beginning to look elsewhere although no matter whom you go with, your initial "too good to be true" rate will quickly drift. The truth is the banks do not want us to store our cash with them,.All of this depends on how much time and aggravation one is willing to settle for in constantly changing banks.

Carl 2 October 2011 at 7:53 pm

WSFS in Wilmington,De. has a 90 day promotion of 1.24 percent interest

Susan 23 September 2011 at 5:01 pm

Capital One slashed its interest rates on September 21, 2011. Its APY on money market accounts plunged to 0.65%. Its APY on Interest Plus Savings Accounts plummeted to 0.85%.

Chris Gallager 11 September 2011 at 7:20 pm

I found a 43 year old federal government employees credit union in Panama offering 4% on regular savings accounts in US dollars. It is called COACECSS, they are the Social Security Employees credit union (over 15,000 members), and they generally do not open accounts for foreigners (non Panamanians), but through this law firm POLS ( I got an introduction and they helped me setup an account.

RightSide 3 September 2011 at 1:18 pm

CapitalOne has not failed me. I keep coming here hoping to find something better, but other banks have high minimum balances, require additional accounts, rates that drop off quickly, etc. CapitalOne only requires $1,000 and you earn one of the most competitive rates at any given time. They are always right near the top. That's why I have been with them for 3 years and haven't switched to anyone else.

Joann Kingsley 5 August 2011 at 7:29 pm

Capital One has 1.10% APY for InterestPlus Online Savings Account, $1000 min, no fees plus 10% quarterly bonus on interest

Heather 29 July 2011 at 9:32 pm

First Choice Bank, tiered MMK $2500-$99,999, APY 0.90%; $100,000-$499,999, APY: 1.00%

There 25 July 2011 at 4:19 pm

Cinco Credit Union or Kemba Credit Union 3.75% for a checking account, much better rate than these savings accounts listed!

DS. 22 July 2011 at 5:59 am

Everyone would like the best savings interest rates. Why not cover off-shore banks?I understand you can get 6% - 8% interest in India or other countries. Perhaps even China offered 5% recently since it's key lending rate went up to slow down it's economy.Seriously, we all know about off-shoring. There are just some tricks to get an account or international and legal access (US Laws and Regulations some what interefer).

Brian 14 July 2011 at 3:55 pm

Hudson City Savings Bank, NJ...1.05%

Max Brimberg 3 July 2011 at 4:57 am

Capital One is paying 1.14% to Costco members in a savings account.

ridgewood savings 19 June 2011 at 3:20 pm

Money market insured 6/11 bayside NY branch only, 25 k min 1.75% fixed til 12/31/11. six withdrawals per month permitted

fred winer 8 June 2011 at 6:33 am

you can get 4%/year at communication federal credit union up to 30,000.00 rules are 1.bill paid by draft,2.debit card used 12 times a month,3. 500.00 sent to credit union once a number for the branch i go to is (918) 665-3760 i forgot to say that the 500.00 has to be sent to the credit union by electronic means.anything over 30000.00 only gets 1%/year.the branch i go to is in tulsa but i believe they have other locations across oklahoma and also in kansas and missouri

RV 2 June 2011 at 8:35 pm

SmartyPig is going down to 1.09% from June 15

Blair 2 June 2011 at 7:42 pm

Smarty pig is about to reduce their APY to 1.10% as of June 15th 2011

Davide Larenzo 4 May 2011 at 11:48 pm

SAC Federal Credit Union in Sarpy and Douglas County, Nebraska offers 3.00% interest to shareholders owning a checking account with a debit/credit card and making at least 12 debit/credit transactions a month. The 3% APY is paid monthly for checking account balances up to $25,000. I believe only residents of the 2 counties qualify for membership.

John Weaver 23 April 2011 at 4:42 am

Oops, Treasure State Banks Money Market account yields 1.95% APY

John Weaver 23 April 2011 at 4:40 am

Treasure State Bank, Missoula, MT Terms: $1000 Min., 6 free withdrawals per month Opened Jan 2011 Can be opened by phone, mail, or in bank

Doug R 16 April 2011 at 2:57 pm

The Palladian Private Bank has not offered online deposits for some time. Their name should be removed from this list.

Deen 12 April 2011 at 2:02 pm

Discover bank rates are also good.

robert kilgour 1 April 2011 at 5:28 pm

what is the current rate of interest for a 1 year, 1 1/2 year, and 2 year cd at US Bank

BILL 22 March 2011 at 4:02 pm

Presidential Bank has dropped their savings rate from .63 to .50. Second drop this month. Chg acct rates also dropped again from .50 to .38

Blair 11 March 2011 at 9:57 pm

salliemae has reduced to 1.10% smartypig seems to be the best bet right now

Tim 10 March 2011 at 4:22 am

Hello - the 1.75% rate listed for the AmericaNet Bank MMA acount is no longer available. When you go to their website and click on the MMA account it is showing "Sorry Sold Out" and has shown that for awhile.Thanks for the great website!-Tim

Brittney 7 March 2011 at 8:27 pm

Sallie Mae Bank Online, APY 1.25% Savings Account (variable) opened November 2010, minimum to apply $0

MSaDave 7 March 2011 at 8:08 pm

Many thanks for sharing this helpful information here.

Tom 4 February 2011 at 3:36 pm

Leonor: Re NetSpend debit card. You do receive 5% up to a maximum of $10,200, but it will cost you more than that to ever get the money out of the account. That is the trick. My advice: AVOID.

Jim 31 January 2011 at 3:05 am

Would anyone recommend Customers Bank in PA for the MMA????Thanks.

Leonor 30 January 2011 at 11:28 am

I have a netspend visa debit card that offers a savings account plan that pays 5.00% APY, How is this bank able to offer a higher return than the more recognized banks? Or am I reading the numbers wrong?

Sandra L Ross 23 January 2011 at 11:51 pm

CapitalOne Bank is offering 1.25% interest on Direct Banking Savings accounts. This is an increase from 1.01%. No checking link is required and may be opened with $1.00. A 10% bonus on earned interest is offered if your balance remains above $10,000.00 for the previous three months, and is deposited to your account for the next quarter. In an age where interest rates are extremely low, I find CapitalOne to be consistantly above the rest of its competitors.

Thomas B. 17 January 2011 at 8:23 pm

I am looking for the best savings rates for those with Trust Accounts (living trust). Many of the online savings institutions with FDIC insurance so not authorize trust account applications. Is there a listing of which ones will take trust accounts? Can you add information to your rate listings indicating if they take trust accounts? TUVM

dan 3 January 2011 at 7:08 pm

smartypig dropped to 1.35% today

Jen 1 January 2011 at 5:01 pm

Soopers Credit Union in Denver Colorado has a Rewards checking account which yields 3.75% APY. The three stipulations are 1. you must have one direct deposit account set up, 2. you must sign up for e-statements, 3. you must use your check card 15 times per month. I think the hard part will be to keep an invisible line between what is to be saved and what is available for spending with keeping your savings in a checking account. But I'm trying at that rate.

Mick Rogers 7 December 2010 at 11:38 pm

American Express Bank has a savings account that is simple yet high yielding (currently 1.3%). No minimum balance required. No fees. They do not require you to open a checking account, mortgage, car loan nor direct deposit. Literally no strings attached. It's ideal for out-of-state use because of the internet. You will need a checking account at whatever bank or credit union that is most convenient for you (probably a credit union because most don't charge to maintain a checking account). You then transfer funds to and from this account as needed via the internet (very easy, convenient and fast). Six (6) withdrawals per month are allowed (this is the same for every savings and money market account in the country mandated by the Federal Government). Then just pay your bills or financial dealings using this checking account which allows unlimited transactions and addition benifits such as free Bill Pay. This is the best deal I could find and even competes very favorably with certificates of deposit without tieing up your funds. CHECK IT OUT

Bernice 24 November 2010 at 9:34 pm

from FirstMerit bank on Orchard ave, they have a savings acct at 1.25% the min. bal required to open is 1.00 for real 1.00 call them 630.907.4500 they are so nice they are 2430 w Indian trail rd in aurora IL

kimmers 13 November 2010 at 2:37 am

Wachovia offers the way 2 save account. 3% for 1 year, you can put up to $100 a month in the account and you can put additional money in the account every time you buy something with your debit/check card.

frank 12 November 2010 at 8:28 am

Capital One is saying that they will give me 1.3%APY for an online savings account - plus a bonus for depositing. Sounds pretty good to me - am I missing something?

austin 11 November 2010 at 9:58 pm

ing direct's orange savings account has 1.10% APY with no minumum to open.

Walter Galbraith 17 October 2010 at 4:40 pm

Hello,There is a bank that has a new money market rate of 2.1 % for deposits under $10,000.00. My Bank First UnitedWalt

Aravind 1 October 2010 at 4:45 pm

Evantage Bank's Rewards Checking has been giving me 4.0% for over a year now.... the "catch" is that I need to make 10 checkcard transactions per month (though there is no minimum transaction size, and I can make the transactions over the internet).

CHris 30 August 2010 at 5:53 pm

Huntington Bank is currently paying 1.51%.

Praveen 25 August 2010 at 12:01 am

High-Yield Savings Account by Sallie Mae is giving 1.40% interest, which is higher than all the other banks shown here.

Paul Malley 18 August 2010 at 1:16 am

SSallie Mae BankHigh-Yield Savings Account by SallieMae Current Rate 1.40 % No minimums No monthly feesSallie Mae Bank at this web address:

earlene bacon 2 August 2010 at 6:46 pm

security bank offers 1.51% on rewards checking w/10 debits and free atm fees

steve gompertz 17 June 2010 at 9:32 pm

ing direct ( has 1.1% savings and an electronic internet only checking account that is very convenient

Megan 17 June 2010 at 6:48 pm

CNBBankDirect is offering 1.25 APY with only a $1 opening minimum balance to earn that rate.

Shari 17 June 2010 at 1:21 pm

Dollar Bank of Pittsburgh and local branches in Cleveland, OH offer 2.50% for free money savings.

Lynn Edwards 27 May 2010 at 1:21 am

Provident Community Savings Bank, 2700 Celanese Road, in Rock Hill, South Carolina offers their Dream Checking account at an over 4% monthly interest rate with balances up to $30,000, There are a few stipulations, like making so many ATM purchases, having one direct deposit and using electronic banking, but this is easy to manage. You can also link a Dream Savings account to this for a 2% rate on savings. Best one I've found so far in this crummy economy! You do have to apply in person, though, so living near the area is a bit of a must.

Dewayne 10 May 2010 at 6:59 pm

Charter Bank in GA and AL offer 5.01%APY on checking no min dep. Required: 1 ACH Debit/Deposit, 10 MC Debit Purch, eStatement,. Also refund ATM fees. Think goos thru Sept.

Punjab 3 May 2010 at 8:36 pm

Elsie, can you provide more details regarding this 2% from 5th 3rd. My banker is telling me the highest offered is 1.6%.

elsie 25 April 2010 at 7:35 pm

Fifth Third Bank is paying 2% APY on a savings, min $5000

val 2 September 2009 at 12:15 pm

Check out Grand Bank in NJ. Offering 3.20% money market with $50,000 deposit.

Rita 1 September 2009 at 3:41 pm

i would like to compare and see which bank in brooklyn has the highest rate on interest

jim angelo 30 August 2009 at 7:00 pm

best money market rates

James 28 August 2009 at 5:13 pm

Through Costco online if you are a member there is a 1.75% through Capital One and an incentive for $60 and $40 depending on what membership you hold.

Grant Jacobsen 28 August 2009 at 1:18 pm

Freedom Bank (branches in Vienna and Fairfax) has 14-month CD yielding 2.00% APY, minimum $2500, rate current as of 8/18/2009.

linda 27 August 2009 at 7:30 pm

First National Bank in Oneida, Tn is offering 3.56% on a money market

White Chocolate 25 August 2009 at 5:25 pm

Shore Bank Direct Rates as of Aug. 25th Savings Rate 2.15%This bank makes it very easy to sign up online just completed opening my account.

Ian 17 August 2009 at 3:02 pm

SmartyPig's rate just went down to 2.01%.

James 15 August 2009 at 9:25 pm

Smartypig is lowering their interest rate on its online savings account from 2.75 to 2.01 on August 17th. That's quite a drop, but I guess we all knew they couldn't keep paying more then 1 point interest then their closest competitors.

Clark Schultz 14 August 2009 at 9:52 pm

Please take a look at the 2 yr CD rates on this page:

charles burton 14 August 2009 at 7:47 pm

I opened saving account online with (Bank of Internet) that I funded with local checking account (100.00) min. to find out that new account is not linked for online transfers. What good is a Bank of Internet account if you have to use snail mail to transfer funds! Beware there is also a $25.00 fee if you withdraw funds before 90 days.

huili liu 14 August 2009 at 1:58 pm

Please provide me with the best savings or less than 2 year cd rate. Thanks.

kanty 10 August 2009 at 12:03 pm

Need to know checking account intrest and MMA account rate

Ronnie 24 July 2009 at 9:58 pm

I opened a MMA and Savings account @ Discover Bank from their online signup. Then registered to be able to access the accounts and was provided a screen that said it would be 2-3 business days before I would be provided an e-mail with the access info. I called their support number and was told they had to manually process every application and they were several days behind and there was nothing they could do. Advice... if you open an account with Discover Bank make SURE you only fund the minimum amount to open the account and expect it to take a while to really have the account setup.

sonia 20 July 2009 at 6:10 am


angie 20 July 2009 at 2:03 am

Try CapitalOne online savings 1.75% 10K min, or MM 1.40% any amount. I opened last year and yes I observe everybody is lowering rates lately. Still better than local banks offering less than 0.5% for savings. Aloha :D

Paul Chien 10 July 2009 at 4:41 pm

Could not get a straight answer from SMARTY PIG on POD for account. Had to call their bank in the Mdwest directly and they informed me no PODs are allowed on SMARTY PIG CDs because they are not considered regular CD's but transaction accounts instead.

Robert 9 July 2009 at 2:00 am

How come Darby Direct can restrict it's higher-interest rate (2.5 %) "available to Georgia residents only? Isn't that inconsistent with Article IV, Section 2 of the Constitution?Section 2 - State citizens, ExtraditionThe Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.

Micah 8 July 2009 at 4:23 am

Timberland Savings Bank offers a rate of 4% on a balance of up to 25,000 dollars. The minimum to earn this apy is one dollar. The terms required e-statements instead of paper statements, and you must use your debit card at least ten times every month. They have 22 branches in Southwest Washington State.

Joe bardi 5 July 2009 at 10:25 pm

wher,e,s my highest rate bank.

ena 1 July 2009 at 8:54 pm

Just found out that you can't withdraw from a account unless you close it. Not good.

Donna 1 July 2009 at 2:09 pm

I would like to know who has the best interst rate on Money market accounts in my area. Sun Trust drop from 2% to .92% and continuing to drop. If anyone has good infromation I would love to hear from you.Thank you, Donna

Leo Marks 30 June 2009 at 10:47 pm

Give us the 10 highest rates avialiable now?????? Leo Marks`

Erno Balogh 27 June 2009 at 11:43 am

Please advise of the best money market rates in the local banks.

Farmers State Bank 26 June 2009 at 3:31 pm

3.51% on firsst $25000 in checking then 1.01% after. Requires electronic banking w/ 10 debit card purchases and once/month check account on line w/ online statements. Website

Sam 25 June 2009 at 1:00 pm still has 2% on their Premium e-MMA

Carolyn McCance 24 June 2009 at 5:24 pm

SmartyPig has an online savings account program that pays 2.75% with FDIC coverage

JEANNE SHIELDS 24 June 2009 at 12:54 am


cesare stefanelli 18 June 2009 at 2:41 am

Need Best Interest Rate for Moneymarket Account for a Closing Trust Account $500,000 to $1,000,000 ave bal app.