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Best Money Market Accounts in Colorado of February 2023

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.

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