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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.
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.
Build your savings with an above-average APY.
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.