Whether you are saving towards short-term or long-term financial goals, a money market account can help you reach your goals faster. Missouri has dozens of online and in-person banks that offer a wide selection of money market accounts.
Finding the right account begins with determining your needs and preferences. For example, if you are looking for an account to build an emergency fund, ease of access is crucial. Shop around for accounts and look for features such as check-writing capabilities, debit cards, unlimited withdrawals, and a wide branch network for traditional accounts.
A high annual percentage yield (APY) is important if you want to grow your savings faster. Choose an account with an interest rate close to the market rate as these always change based on the market conditions. Also, consider accounts with a high-interest rate and low account fees. High account fees such as monthly and transaction fees will reduce the value of the net account earning.
We compared the rates and features of some of the top money market accounts in Missouri. Use our comprehensive review to find an account that is best suited for your financial needs.
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.