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Best Money Market Accounts in Kentucky of November 2022

Mary Gilman

If you are searching for a money market account in Kentucky, there is a wide range of options available. Kentucky has hundreds of financial institutions that provide both online and traditional banking options for you to select an account.

The focal point for a money market account is the interest rate or annual percentage yield (APY). These accounts help you to grow your savings and achieve your goals faster by offering high APYs. While some banks pay a flat rate for all balances, others offer a tiered rate with higher balances earning more interest. Choose an account that helps you maximize the return, whether you are starting to save or already have a large amount saved up.

APY is not the only consideration because banks vary their rates depending on the prevailing market conditions. Other factors include the account fees, minimum requirements, safety, and ease of access. Look out for accounts that have a high APY, low fees, and potentially waive minimum requirements.

As for the ease of access, this applies for both withdrawals and deposits. Keep an eye out for an account with a debit card, check-writing capabilities, online or mobile access. 

We reviewed some of the best money market accounts in Kentucky based on their rates, fees, and other features. Compare our top picks to find the most suitable fit 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