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If you are looking for a safe way to maximize the returns on your savings, a money market account could be a great option. Ohio has dozens of banks offering a wide range of money market accounts for you to choose from.
When selecting a money market account, be mindful of the interest rate or annual percentage yield (APY). The higher the APY, the more you will maximize the return on every dollar saved. Apart from the APY, consider the account fees and account minimums. Shop around and compare the available options. Aim to find an account with the best combination of a high APY, low fees, and minimum requirements.
Also, look out for accounts that offer you flexibility in depositing and withdrawing funds. If you are saving towards an emergency fund, consider an account that gives you ATM, online, or mobile access. It is important to determine if your account of choice has restrictions such as transaction limitations within a specific period.
We reviewed some money market accounts in Ohio based on their rates, fee, account minimums, and other features. Compare our top picks to find the best fit 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.