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Best Money Market Account (MMA) Rates

Find the top money market rates available.

What is a Money Market Account?

Money Market Accounts are essentially a type of savings account offered by banks and credit unions. The difference is that they typically pay higher interest, have higher minimum balance requirements, and restrict withdrawals to 3-6 per month. In addition, you do have the ability to write a few checks (usually up to 3) per month.

How does a money market account work?

Just like a regular savings account, a money market account earns interest. Interest on money market accounts is usually compounded daily and paid monthly. Some banks offer higher money market rates because they are trying to attract your deposits. In addition, some banks feature tiered interest structures where you can get higher rates by maintaining higher balances. Make sure you do your research and find the best money market rate before signing up!

Important information about money market accounts

Unlike certificate of deposits, money market accounts let you withdraw money whenever you want. However, the number of withdrawals per month is usually limited. In addition, you must maintain a certain balance in the account or else your rate may drop significantly, or a fee may be charged to your account.

Below you will find a list of the current top money market rates available!


Dime Savings Bank Prime Rewards Money Market Account

Dime Savings Bank has a Prime Rewards Money Market Account earning 1.01 percent annual percentage yield (APY) on balances of $75,000 and up. The money market rate is available for passbook and statement accounts. The money market has tiered interest rates that are currently at: 0.2 percent APY for balances of less than $1,000 0.45 percent APY [...]

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AIG Bank Signature Money Market Account

AIG Bank’s Signature Money Market Account with interest rates higher than the average. This high yield MM account can be opened online. The current MMA rates for this account are: 0.5 percent annual percentage yield (APY) for balances of $2,500 to $9,999 1 percent APY for $10,000 to $49,000 1.03 percent APY for $50,000 to $99,999 1.06 [...]

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Acacia Federal Savings Bank

Acacia Federal Savings Bank currently offers a tiered money market account that offers money market rates from .25% to 1.5% depending on your balance. The rate on your account changes automatically as your balances change. The current Acacia bank money market rates are: 1.5% APY for balances of $125,000 and up 1.25% APY for $75,000 [...]

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US Bank Certificates of Deposit

US Bank has some competitive online certificate of deposits that are nationally available. Their CDs require a minimum deposit of $1000 and you can apply online instantly. The current CD rates (as of 12/23/2009) are as follows: 23 month CD – 1.75% APY 42 month CD – 2.00% APY 59 month CD – 3.00% APY [...]

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Darby Direct CDs & Savings Review

Darby Direct is the online division of Darby Bank. They currently offer CDs and a Money Market account. Unfortunately it appears that Darby has recently limited their deposits to the state of Georgia, so these rates are no longer nationally available. Darby has a money market account with a 1.25% APY. The Darby money market [...]

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Coulee Bank CD, Checking, MMA Rates

Coulee Bank is a small bank located in Wisconsin. They are currently offering some decent CD and money market rates, as well as a rewards checking account with a rate of 4.04% APY. Coulee’s current CD rates are as follows: 11 month CD – 1.52% APY, $25,000 minimum deposit 12 month IRA CD – 1.08% [...]

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Current Discover Bank CD Rates

Discover Bank currently has some relatively high CD rates available nationwide. Current CD rates include: 3 month CD – 1.00% APY 6 month CD – 1.35% APY 9 month CD – 1.50% APY 12 month CD – 2.00% APY 18 month CD – 2.05% APY 24 month CD – 2.35% APY 30 month CD – [...]

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AmericaNet Bank Rewards Checking & MMA

AmericaNet Bank is offering a rewards checking account with 4.00% APY interest on balances up to $10,000. This interest checking rate is current as of 8/26/2009. In order to earn this rate, you must fulfill the following: Make 10 AmericaNet Bank VISA CheckCard sales transactions Opt in to electronic statements The AmericaNet rewards checking account [...]

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Free HDTV With Irwin Bank CD, MMA, Checking

This bank deal has expired. Please visit our bank deals & bonuses page for the current deals. Irwin Union Bank is giving away a free 22″ HDTV or a free Flip Mini HD for opening a CD with them and depositing $20,000. The certificate is a 11 month CD, with a rate that depends where [...]

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OneWest Bank (Formerly IndyMac) CD, Money Market

OneWest Bank (the bank formerly known as IndyMac Bank) has a new online CD special available nationwide. This special CD features a 12 month term at 2.65% APY. Minimum deposit is $5,000. The early withdrawal penalty is 6 months of interest. OneWest also has a “Raise Your Rate CD” with the option of requesting a [...]

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FNBO Direct Savings Rate Review

Back in the days when we were regularly seeing 5% CD rates and some rates as high as 6%, FNBO Direct had one of the best savings rates available online with a 6% APY. FNBO Direct was one of the first online savings accounts I’ve ever applied for, and their rates have consistently been among [...]

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Capital One Money Market Account

Capital One Direct Banking is currently offering a rate of 3.10% APY* on their Capital One Direct Banking High Yield Money Market accounts. Capital One Direct Banking High Yield Money Market Account rates are historically among the best in the nation. The account offers hassle-free access to your money and the security of FDIC insurance. [...]

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5.06% APY MMA @ Paypal Money Market Fund

I just noticed recently that Paypal.com offers a Money Market fund that allows you to earn a return on your paypal balance. The current 7 day average yield as of 7/2/2007 is 5.06%, which is not the best rate but still competitive, and better than 0% that most paypal accounts are earning. There is no [...]

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5.00% APY Money Market For Costco Members

Capital One Direct Banking is now offering a high 5.00% APY Money Market rate for Costco Members. Here are the details: No fees Access your money via free checks, an AThttp://www.ratestracker.com/wp-admin/post-new.php rates tracker™ › Create New Post — WordPressM card and online transfers to and from existing accounts FDIC insured for up to $100,000 per [...]

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$125 Bonus w/ Checking Account, Money Market Promo @ Wachovia Bank

From the Wachovia Bank website: Open your Free Checking account in California and deposit a minimum of $500 by June 24, 2007 and receive a $75 bonus. Then receive a $50 bonus when you set up Direct Deposit within 90 days. With Free Checking from Wachovia, there are no monthly service fees, and no minimum [...]

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