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Best Money Market Accounts in Connecticut of February 2023

Mary Gilman

Connecticut has dozens of banks that offer competitive rates and features for people seeking an account to grow their savings. Several robust options are available if you live in Connecticut, including a money market account.

Start by comparing the annual percentage yield (APY) of the available options. The higher the APY, the faster you can increase your savings. Also consider the account fees, such as the monthly and transactional fees. Search for accounts free of the monthly service fees or those that waive the fees if you maintain a minimum account balance.

FDIC insurance and ease of access are also important considerations. Narrow your search on accounts with ATM, online, or mobile app access if easy access is important. Shop around the available options to find a money market account that is most fitting for you.

To make this process easier, we reviewed some money market accounts in Connecticut. Use our top picks to compare and find the best match 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