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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.
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.