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.
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.
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.