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A money market account offers you a secure account that pays dividend rates that vary depending on market conditions. It provides you with an excellent opportunity to earn dividends and a competitive return rate while retaining easy access to your funds.
Washington has hundreds of banks that offer a wide range of money market accounts. To find the right account for you, shop around, and compare the options before deciding. Start by considering the rates, the higher the interest rate or the annual percentage yield (APY), the better.
Other factors to consider are the account fees, minimum requirements, and ease of access. For example, it won’t make much sense to go for an account with a high-interest rate and high account service charges. Look for an account with the best balance of high APY and low service charges.
Finding an account that is best suited for you can be time-consuming and challenging. To make this task easier for you, WalletBrain reviewed some of the best money market accounts in Washington.
We compared the rates, fees, minimum requirements, and other features. Use our top picks to compare and find the most suitable match for your financial needs today.
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.
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.