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Best Money Market Accounts in North Carolina of November 2022

Mary Gilman

North Carolina has hundreds of banks offering a wide variety of money market accounts to its residents. 

While the interest rate is an important factor in choosing a money market account, several banks offer the same annual percentage yield (APY). To differentiate between the different accounts, consider other account characteristics such as fees and minimum requirements.

Some of the accounts with a high APY also have a high initial deposit requirement. Others have high monthly and transactional fees. Look for an account with a high APY, low fees, and minimum requirements. The ease of access facilitated by a strong online and mobile presence is another factor to consider, especially if you’re saving for an emergency fund. 

WalletBrain evaluated some of the available account options based on their APY, the minimum requirements, and terms and conditions. Based on our findings, here are our recommendations for the best money market accounts in North Carolina.

Use our comprehensive review to compare the top options to find the best fit for you.

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