Best Money Market Accounts in Montana of July 2021

Mary Gilman

Montana has hundreds of banks offering both online and in-person financial services to its residents. If you are in search of a money market account in Montana, there is a wide range of options available to choose from.

One of the main advantages of a money market account is the high-interest rates. These rates vary according to the prevailing economic conditions. While some banks offer tiered interest rates–the higher your balance, the higher the rate; others offer a flat rate. Choose one that is best suited for your needs. 

Another factor to consider is the ease of access in terms of withdrawing and making deposits. For example, depending on your income sources, choose an account that allows you to make deposits via checks, cash, ATM, transfer between accounts, or schedule direct deposits into the account. 

Other factors to consider are the account fees, minimum requirements, and safety. Shop around to find the best combination of features.

WalletBrain reviewed some of the available options and the following are our top recommendations. Find the best money market accounts in Montana and your most suitable 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