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A money market account is a type of deposit account that can be a great way to increase your savings. Many offer higher interest rates compared to a traditional savings account.
Apart from the high-interest rate, other characteristics to consider are minimum deposit, balance requirements, and fees. With banks and credit unions battling it out to offer the best rates, savers have several options to choose from.
Compare the best money market accounts below.
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.
