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Best Money Market Accounts in Alaska of June 2024

Mary Gilman

Whether you need to save towards a short-term goal or build an emergency fund, a money market account can help. It can grow your funds faster as it offers a high-interest rate.

The dozens of banks in Alaska offer a wide range of money market accounts. Whether you prefer online to a traditional brick-and-mortar account, you can find one best suited for your needs.

With such a wide variety to choose from, first, consider the annual average yield (APY). You want your money to do more for you. A high-interest rate will maximize the return from every dollar you invest. The account fees are something else to consider. A money market account that offers a high-interest rate but has high service charges will reduce your earning value.

Other factors to consider are the minimum requirements, ease of access, and any additional features you deem important. Shop around to compare the available options before making a decision.

We reviewed some of the best money market accounts in Alaska, and the following are our top picks. Use our guide to find the most suitable match for your financial needs today.

Access to a debit card

0.25%

Est. APY

$0

Min. To Earn APY

Overview

Axos offers no monthly fees and no minimum balance requirement but requires $1,000 to open the account which you can take out after opening.

What we like

  • No monthly fees
  • Access to debit card
  • Access to check writing

What we don't

  • No physical branch
  • $1,000 to open account

Schedule payments with Bill Pay

1.55%

Est. APY

$0

Min. To Earn APY

Overview

Build your savings with an above-average APY.

What we like

  • No monthly fees
  • FDIC Insured
  • Bill Pay feature

What we don't

  • Online banking only
  • Excess transaction fees
  • Overdraft fee

Interest compounded daily

3.00%

Est. APY

$0

Min. To Earn APY

Overview

Quontic provides a money market account that offers a competitive interest rate, which accrues daily. Also, customers can receive a debit card for the account.  

What we like

  • Competitive interest rate
  • Interest compounded daily
  • Debit card available

What we don't

  • Transfer and withdrawal limits

Fee-free access to ATMs

3.83%

Est. APY

$0

Min. To Earn APY

Overview

UFB Money Market Account comes with a debit card (you must request it) and allows fee-free access to any ATM within the US. 

What we like

  • Access to ATMs
  • High APY
  • No minimum balance requirements
  • Compliementary debit card

What we don't

  • $5,000 minimum to avoid monthly fees
  • No physical branches