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Best Money Market Accounts in Utah of January 2023

Mary Gilman

Utah has dozens of online and traditional brick and mortar banks offering services to its residents. If you are searching for a money market account in Utah, there is a wide range of options available for you.

Whether you are saving towards short-term or long-term financial goals, there is a money market account with the best combination of features that can meet your needs. Knowing your individual preferences will help you narrow down your search as well. For example, if growing your savings is your main focus, an account with a high interest-rate would be ideal.

Look out for accounts with low fees or that may waive monthly service charges if you meet certain requirements. Also, consider accounts with low minimum requirements in terms of initial minimum deposits and balance requirements.

Flexibility and convenience in depositing and withdrawing money is another factor to look out for. Having an ATM card, online or mobile access is important especially if the account is to build an emergency fund.

Compare our top picks of the best money market accounts in Utah and find a match for yourself 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