If you are looking for a secure way to store your money while earning interest, a money market account can be a great option.
Nevada has dozens of banks offering residents money market accounts with competitive rates and features. There are several robust options available for you to choose from. The key is knowing what you need in order to narrow down your search.
If you want to get more out of your money, consider an account with a high annual percentage yield (APY). Since the APY varies based on what the Federal Reserve does, consider other fees and features before making a decision.
Other features may include the account fees such as the monthly service charge and transactional fees, which can affect your return value. Aim to find an account with a high APY and low fees. Also, consider the minimum account requirements. These include the minimum initial deposit and balance requirements. The ease of access and safety of your funds also matter.
We reviewed some of the available options to come up with our top picks for the best money market accounts in Nevada. Compare our findings to find the most suitable match 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.