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Best Money Market Accounts in Iowa of February 2023

Mary Gilman

Whether you are saving to reach your short-term or long-term financial goals or just creating a cushion for rainy days, a money market account can be helpful. 

Iowa has hundreds of financial institutions offering both online and traditional banking services. If you are searching for a money market account in Iowa, there are a wide range of options for you to choose from.

When selecting an account, consider the annual percentage yield (APY). Some banks offer tiered rates based on the balance in the account. Other banks pay one flat rate across all balances. Another factor to consider is access to your funds. Most banks offer money market accounts with debit cards, checks, online, and mobile access. It is important to consider how you can add money to the account as ease of access is ideal.

Other factors to consider are the minimum requirements and safety of your deposits. Shop around and compare the different options to find the best combination of features for you. We reviewed some of the top money market accounts in Iowa. Use our recommendations to find the most suitable choice 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