Best Money Market Accounts in Delaware of December 2021

Mary Gilman

Are you looking for an account that allows you to earn dividends and a competitive rate of return while retaining ease of access to your funds? Consider a money market account to meet your needs.

Delaware residents have access to dozens of online and traditional banking services available to them. These banks provide a wide range of money market accounts that allow you to earn dividends and a competitive rate of return. Shop around and compare the available option before making a decision.

The main challenge is to get an account that is the best match for your financial needs. Knowing what you want will help you narrow down your search of accounts. For example, if your aim is to save towards putting a down payment on a house or a car, an account that offers a high-interest rate is ideal. The higher the interest rate, the higher the return. Aim for an account with a high APY, low account fees, and minimum requirements.

WalletBrain has made the process easier for you. We reviewed some of the top money market accounts in Delaware. We compared their rates and features while compiling our list. Use our comprehensive review to find the best match 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