FROM OUR PARTNERS

Best Money Market Accounts in Arizona of November 2022

Mary Gilman

One way to get more out of your money is to invest it in a money market account.  It maximizes the returns you get from every dollar invested. Whether you are saving towards a college fund, putting a down payment on a house, or building an emergency fund, a money market account will help you reach your goals much faster.

Arizona has hundreds of banks offering a wide range of money market accounts. How do you find the best choice for you? The most obvious choice would be an account with a high annual percentage yield (APY).  But, before you decide on an account solely based on the APY, ask yourself these questions. What are their charges? What is the minimum balance you need to maintain? How easy is it to access your funds when you need them? 

It will make little sense to select an account with limited access if you are building an emergency fund. The goal of an emergency fund is to have funds to cater for an unexpected expense. Ease of access is important, and it would make more sense to go for an account that offers a debit card and unlimited withdrawals. Shop around and compare the available choices to find the best match for your financial needs.

We reviewed some of the top money market accounts in Arizona. We compared their rates and features. Use our top picks to make the decision that suits you best.

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