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Arkansas has dozens of banks offering both online and traditional financial services to its residents. These banks offer a wide range of money market accounts with competitive rates and features. Aim to find an account most suitable for your financial needs.
Whether you want to quickly build up your savings or just want a risk-free place to invest your funds, money market accounts are your best bet. Your individual needs and preferences should guide you towards a decision. For example, if you prefer online to in-person accounts, narrow your search. If you want to grow your savings quickly, then an account with a higher interest rate would be your focal point.
Other factors to consider are the account fees, minimum requirements, safety, and ease of access. Shop around and compare the rates and features of the available options before deciding.
This process can be time-consuming and challenging, so to make it easier for you, we reviewed some of the best money market accounts in Arkansas. Use our top picks to compare and find your match today.
This is a great money market account which acts like a checking account in some aspects.
It comes with a debit card and check writing privileges but be careful not to go over the monthly limit of 6 transactions. Per transaction above the limit will be expensive, around $10 per transaction.
This money market account comes with a low intial deposit of $100 to open the account and comes with no monthly fees. Interest is compounded daily and paid monthly.
You'll earn the current APY rate regardless the amount you deposit in the account - there is no tiered system.