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An excellent way to safely grow your savings while still having access to your cash is through a money market account (MMA). You can get competitive interest rates, low-risk protection, and easy access to your money through these accounts. We’ve compiled a list of the best money market accounts for 2025 based on their APY, minimum balance limits, and other benefits.
What is a money market account?
A money market account (MMA) is a type of bank account with some of the benefits of a savings account and some of the benefits of a checking account. It usually has better interest rates than regular savings accounts, but you might have to put down more money.
List of the “Best Money Market Accounts for 2025”
Best High-Yield Savings Accounts in 2024 Looking for the best high-yield savings accounts?
Here are some top options with competitive interest rates and reliable banking features.
Brio Direct – 4.50% APY Backed by Webster Bank, N.A. Requires a $5,000 minimum deposit FDIC-insured for security Brilliant Bank – 4.50% APY Online-only division of Equity Bank $1,000 minimum account balance required FDIC-insured for peace of mind.
Vio Bank – 4.46% APY A branch of Midlist Bank No monthly fees for account holders Requires only a $100 deposit to open FDIC-insured for protection.
Western Alliance Bank – 4.30% APY Ranked among the top 50 banks in the U.S. No maintenance fees for savings accounts Requires a $500 minimum deposit to start FDIC-insured for financial security.
American First Credit Union – 4.30% APY Open to members across the country No minimum deposit required ($1 to open) New customers receive a $250 bonus with a $25,000 deposit NCUA-insured for safety Sky One Federal Credit Union – 4.20% APY A credit union with decades of experience Only requires a $1 minimum account balance.
Trusted by customers nationwide NCUA-insured for extra security Quontic Bank – 4.25% APY Established in 2009 with a branch in New York City Requires only a $100 minimum deposit No monthly maintenance fees FDIC-insured for account safety Blue Federal Credit Union – 4.00% APY Previously exclusive to Air Force members, it is now open to all Requires only a $1 minimum deposit NCUA-insured for maximum security.
Minimum Balance: To earn interest, MMAs usually need a bigger balance.
Limits on Withdrawals: You can only make a certain number of monthly transfers with each account. Certificate of Deposit (CDs) vs. Money Market Account A CD puts your money away for a set amount of time and usually has higher interest rates. You’ll be charged a fee if you take the money out early. MMAs offer a good mix of easy access to your cash and competitive interest rates without keeping your money in one place. Why Picking the Right MMA Is Important Therefore, it’s important to look at all your choices and choose the account that fits your savings goals. MMAs that offer over 4.00% APY can help your money grow much faster than the national average rate of 0.64% APY . 1: "Final Thoughts" A money market account is a great way to make more interest on your money while still having easy access. Picking the right MMA can help you save the most money, whether saving for an emergency fund, a down payment on a house, or future costs. Before you decide, check rates, fees, and the minimum balance needed. Tip: Always look for new rates because they can often change depending on the market.
