Best Money Market Accounts in Idaho of August 2021

Mary Gilman

Idaho is home to hundreds of banks spanning from local to national institutions. If you are searching for a money market account in Idaho, there is a wide range of available options.

When deciding on a money market account, consider one that gives you a competitive annual percentage yield (APY). A high APY will maximize the return on every dollar saved.

Apart from the APY, consider the account fees and minimums as they vary by institution. The minimums to watch out for include the minimum deposit requirement to open an account and a minimum account balance to avoid fees. Also, watch out for monthly fees, transfer fees, inactive account fees, and any other penalty you are likely to incur.

Ease of access is another factor to consider if you are saving towards an emergency fund. Look out for accounts with ATM, online, and mobile access. Keep an eye out for accounts with monthly ATM surcharge rebates.

Compare the available options to find the best combination of rates and features most suitable for your needs. We reviewed some of the best money market accounts in Idaho. Compare our top picks and find a match 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