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Best Money Market Accounts in South Dakota of February 2023

Mary Gilman

Banks in South Dakota offer a wide range of both online and traditional brick-and-mortar money market accounts. These accounts allow you to earn high interest on your savings and also offer other features, which may appeal to you, such as easy access to your funds.

It can be quite challenging to find an account best suited for you with such a wide selection. Understanding your own needs can help you narrow down your search. For example, online accounts are known to offer a high-interest rate compared to traditional banking services. This is primarily because online banks have no overheads that come from operating physical branches. So, if you want to maximize the return on every dollar saved, an online account may be a better choice.

Another factor to consider is the ease of access. If you are saving for an emergency fund, an account with unlimited withdrawals plus ATM, online, or mobile access would be ideal. Also consider the account fees, FDIC insurance, and minimum requirements. Shop around and compare the different options to find the best combination of features that would work in your favour.

Use our comprehensive review of some of the top money market accounts in South Dakota to make an informed choice today.

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