Best Money Market Accounts in Colorado of October 2021

Mary Gilman

Money market accounts in Colorado offer a secure account paying dividends and are adjusted according to changes in the market. The banks in Colorado provide a wide range of options for residents to choose from. 

Whether you are just starting your savings journey or have some funds saved up, then a money market account could be an ideal choice for you. Most money market accounts offer an annual percentage yield (APY). The higher the APY, the higher the returns and the faster your savings will grow. 

It is important to note that the money market rates are subject to changes based on market conditions. An account with a high-interest rate today may fluctuate tomorrow due to changes in the market. Aim at finding the best combination of features such as a high APY, low fees, and minimum requirements. It’s also good to make sure that the account is FDIC insured.

Shop around and compare the available options before making a decision. Seek out an account with the best combination of features that match your financial needs and preferences.

To make the process easier, we reviewed some of the top money market accounts in Colorado. Use this list to compare the available options and find what is most fitting for you today.

Axos Bank High Yield Money Market Account

axos bank logo

$0

Monthly Fee

$1000

Min. To Open

0.60%

Est. APY

Overview

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.

What we like

  • Reimburses domestic ATM fees twice a month
  • Interest compounded daily
  • Debit card and check writing allowed

What we don't

  • No physical branch
  • $1,000 to open account
  • 6 Monthly Transaction Limit

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$1000
  • Min. Deposit For No Fee$0
  • Overdraft Fee$25
  • InsuredFDIC
  • State RestrictionsNone

ATM & Limits

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Check WritingAllowed
  • Debit Card UseAllowed

CIT Bank Money Market Account

cit bank logo

$0

Monthly Fee

$100

Min. To Open

0.50%

Est. APY

Overview

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.

What we like

  • No monthly fees
  • $100 to open
  • Zelle & Paypal available

What we don't

  • No check writing
  • No physical branch locations
  • No tier for higher APY

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$100
  • Min. Deposit For No Fee$0
  • Overdraft Fee$25
  • InsuredFDIC
  • State RestrictionsNone

ATM & Limits

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Check WritingN/A
  • Debit Card UseAllowed