Best Money Market Accounts in Georgia of July 2021

Mary Gilman

Georgia is home to over 10 million Americans and has hundreds of banks operating within it.

If you are looking for a money market account in Georgia, there are several options available. Aim to find an account that fits your needs and individual preferences.

An annual percentage yield (APY) is the most attractive feature of a money market account. It is what most banks use to differentiate their account offerings. But, the interest rate usually varies depending on the market conditions. So, an account with the highest interest rate today might not be there tomorrow. Select an account with an interest rate that is close to the market rate. Look out for accounts with a ‘yield pledge,’ that the money market account will always be competitive and in the top 5%.

Other factors to consider are the account fees, minimum requirements, safety, and ease of access. For example, an account with high monthly fees will chip into your net earning.

The top money market accounts in Georgia provide a combination of high APY, low account fees, low minimum requirements, and ease of access. We reviewed some of the available options. Use our top picks to find the best match for your financial needs 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