West Virginia is home to many banks that offer both online and traditional brick-and-mortar services. These banks offer a variety of money market accounts to residents. With such a wide range of available options, getting an account that is best suited for you can be a hassle.
Shop around and compare the available options before making a decision. Some of the factors to look out for include a high interest or annual percentage yield (APY). Look for an APY close to the market rate as banks change their rates depending on the market rates.
The option with the best interest rate can shift over time, so it should be your only consideration. Whether the account is FDIC insured should also weigh in on your decision. This protects your money in case the bank goes under. Other factors like fees, branch and ATM location, and ease of access, should help you to narrow down your choices. The main aim is to find an account that is best suited for you.
The process of identifying the best fit can be time-consuming. To make the process easier, we reviewed some of the best money market accounts in West Virginia. Compare our top picks to compare and make a decision on the best fit for you 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.