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Best Money Market Accounts in Arkansas of February 2023

Mary Gilman

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.

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