Best Money Market Accounts in Oregon of December 2021

Mary Gilman

Money market accounts earn you a competitive interest rate while giving you easy access to your money whenever you need it.

Residents of Oregon have access to a wide range of online and traditional money market accounts. The challenge is trying to choose the right account for your financial needs.

When making a selection, start by determining your needs and preferences. For example, if your main objective is to increase your savings faster, consider accounts with an annual percentage yield (APY). Interest rates can be tiered based on account balances whereas some banks offer one flat rate for all balances.

Other factors to look out for are account fees, minimum requirements, and ease of access. Some banks establish minimum initial deposit amount and minimum balance requirements. Other banks may also charge you monthly maintenance fees or transactional fees. Shop around and compare the available options. Look for an account with the best combination of high APY, low fees, and minimum requirements.

WalletBrain reviewed some of the available options based on the rates, fees, and other features. Compare our top picks of the money market accounts in Oregon to find the most suitable match for you 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