Best Money Market Accounts in Wisconsin of May 2021

Mary Gilman

If you want your money to do more for you, then consider a money market account. Wisconsin has dozens of banks offering residents both online and in-person banking services. These banks offer a wide range of money market accounts for you to choose from.

When searching for the ideal money market account, there are various factors to consider. A high-interest rate or annual percentage yield (APY) is usually the first consideration. You want to find a bank with a relatively stable APY. Banks change their interest rates depending on the market conditions. The APY alone is not the only factor to consider, as this can shift over time.

Other factors to consider are the ease of access, FDIC insurance, and minimum balance requirements. Some banks offer debit cards and check-writing capabilities, giving you quick access to your account. For example, if you are saving towards building an emergency fund, you need quick access to your funds in case of an unexpected emergency. These features will allow you to have the ease of access required. 

Use our comprehensive review of some of the best money market accounts in Wisconsin to find the best match for your financial needs today.

Axos Bank High Yield Money Market Account

axos bank logo

$0

Monthly Fee

$1000

Min. To Open

0.60%

Est. APY

Overview

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.

What we like

  • Reimburses domestic ATM fees twice a month
  • Interest compounded daily
  • Debit card and check writing allowed

What we don't

  • No physical branch
  • $1,000 to open account
  • 6 Monthly Transaction Limit

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$1000
  • Min. Deposit For No Fee$0
  • Overdraft Fee$25
  • InsuredFDIC
  • State RestrictionsNone

ATM & Limits

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Check WritingAllowed
  • Debit Card UseAllowed

CIT Bank Money Market Account

cit bank logo

$0

Monthly Fee

$100

Min. To Open

0.50%

Est. APY

Overview

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.

What we like

  • No monthly fees
  • $100 to open
  • Zelle & Paypal available

What we don't

  • No check writing
  • No physical branch locations
  • No tier for higher APY

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$100
  • Min. Deposit For No Fee$0
  • Overdraft Fee$25
  • InsuredFDIC
  • State RestrictionsNone

ATM & Limits

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Check WritingN/A
  • Debit Card UseAllowed