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With hundreds of banks offering online and in-person financial services in California, finding a money market account best suited for your needs can be challenging. Whether you are looking for an account for short-term or long-term savings, there is an account for you.
The goal is to find a money market account that meets your individual preferences. For example, to quickly increase your savings, consider an account with a high annual percentage yield (APY). The higher the APY, the higher your returns. But keep in mind the account fees. A high APY and high service fees cancel each other out or may reduce the value of your earning.
The ease of access, especially if you are saving towards an emergency fund, may be an important factor to consider. Other features to also keep in mind include the minimum requirements and FDIC insurance. Shop around and compare the available options before making a decision.
We compared some of the best money market accounts in California to compile a list of our top picks. We assessed them based on the interest rate, minimum requirements, and account fees. Use our comprehensive review to find your match today.
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.
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.
UFB Money Market Account comes with a debit card (you must request it) and allows fee-free access to any ATM within the US.