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New York is integral to the world of finance. It has hundreds of banks offering both online and traditional financial services to its residents. If you are searching for a money market account in New York, there is a wide range of options available.
A money market account offers a great way to increase your savings, as many offer high-interest rates. It is a low-risk investment perfect for building an emergency fund. It is also ideal for keeping any extra cash that you have on hand while earning consistent returns.
When choosing a money market account for your needs, it is important to compare the available options to get the best combination. Apart from the high-interest rate or annual percentage yield (APY), confirm whether the account has ease of access in the form of ATM, online, and mobile access. Also consider the number of transactions each month, the account fees, minimum requirements, and FDIC insurance.
WalletBrain compared some of the available options to identify the best money market accounts in New York. The features considered include the current APY, minimum deposit and balance requirements, fees, and other features. Use our top picks to compare and find the most suitable match for your financial needs.
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.
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.
UFB Money Market Account comes with a debit card (you must request it) and allows fee-free access to any ATM within the US.