Best Money Market Account (MMA) Rates
Find the top money market rates available.
What is a Money Market Account?
Money Market Accounts are essentially a type of savings account offered by banks and credit unions. The difference is that they typically pay higher interest, have higher minimum balance requirements, and restrict withdrawals to 3-6 per month. In addition, you do have the ability to write a few checks (usually up to 3) per month.
How does a money market account work?
Just like a regular savings account, a money market account earns interest. Interest on money market accounts is usually compounded daily and paid monthly. Some banks offer higher money market rates because they are trying to attract your deposits. In addition, some banks feature tiered interest structures where you can get higher rates by maintaining higher balances. Make sure you do your research and find the best money market rate before signing up!
Important information about money market accounts
Unlike certificate of deposits, money market accounts let you withdraw money whenever you want. However, the number of withdrawals per month is usually limited. In addition, you must maintain a certain balance in the account or else your rate may drop significantly, or a fee may be charged to your account.
Below you will find a list of the current top money market rates available!
Acacia Federal Savings Bank currently offers a tiered money market account that offers money market rates from .25% to 1.5% depending on your balance.
The rate on your account changes automatically as your balances change. The current Acacia bank money market rates are:
1.5% APY for balances of $125,000 and up
1.25% APY for $75,000 to $124,999
1% APY [...]
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US Bank has some competitive online certificate of deposits that are nationally available. Their CDs require a minimum deposit of $1000 and you can apply online instantly. The current CD rates (as of 12/23/2009) are as follows:
23 month CD – 1.75% APY
42 month CD – 2.00% APY
59 month CD – 3.00% APY
Interest is paid annually [...]
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Darby Direct is the online division of Darby Bank. They currently offer CDs and a Money Market account. Unfortunately it appears that Darby has recently limited their deposits to the state of Georgia, so these rates are no longer nationally available.
Darby has a money market account with a 1.25% APY. The Darby money market account [...]
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Coulee Bank is a small bank located in Wisconsin. They are currently offering some decent CD and money market rates, as well as a rewards checking account with a rate of 4.04% APY.
Coulee’s current CD rates are as follows:
11 month CD – 1.52% APY, $25,000 minimum deposit
12 month IRA CD – 1.08% APY, $500 min [...]
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Discover Bank currently has some relatively high CD rates available nationwide.
Current CD rates include:
3 month CD – 1.00% APY
6 month CD – 1.35% APY
9 month CD – 1.50% APY
12 month CD – 2.00% APY
18 month CD – 2.05% APY
24 month CD – 2.35% APY
30 month CD – 2.35% APY
3 year CD – 2.75% APY
4 year [...]
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AmericaNet Bank is offering a rewards checking account with 4.00% APY interest on balances up to $10,000. This interest checking rate is current as of 8/26/2009.
In order to earn this rate, you must fulfill the following:
Make 10 AmericaNet Bank VISA CheckCard sales transactions
Opt in to electronic statements
The AmericaNet rewards checking account also features:
Balances over $10,000 [...]
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This bank deal has expired. Please visit our bank deals & bonuses page for the current deals.
Irwin Union Bank is giving away a free 22″ HDTV or a free Flip Mini HD for opening a CD with them and depositing $20,000.
The certificate is a 11 month CD, with a rate that depends where you [...]
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OneWest Bank (the bank formerly known as IndyMac Bank) has a new online CD special available nationwide. This special CD features a 12 month term at 2.65% APY. Minimum deposit is $5,000. The early withdrawal penalty is 6 months of interest.
OneWest also has a “Raise Your Rate CD” with the option of requesting a rate [...]
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Back in the days when we were regularly seeing 5% CD rates and some rates as high as 6%, FNBO Direct had one of the best savings rates available online with a 6% APY. FNBO Direct was one of the first online savings accounts I’ve ever applied for, and their rates have consistently been among [...]
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Capital One Direct Banking is currently offering a rate of 3.10% APY* on their Capital One Direct Banking High Yield Money Market accounts. Capital One Direct Banking High Yield Money Market Account rates are historically among the best in the nation. The account offers hassle-free access to your money and the security of FDIC insurance.
This [...]
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I just noticed recently that Paypal.com offers a Money Market fund that allows you to earn a return on your paypal balance. The current 7 day average yield as of 7/2/2007 is 5.06%, which is not the best rate but still competitive, and better than 0% that most paypal accounts are earning.
There is no minimum [...]
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Capital One Direct Banking is now offering a high 5.00% APY Money Market rate for Costco Members. Here are the details:
No fees
Access your money via free checks, an AThttp://www.thepiggybanker.com/wp-admin/post-new.php
The Piggy Banker™ › Create New Post  WordPressM card and online transfers to and from existing accounts
FDIC insured for up to $100,000 per depositor
$1,000 minimum [...]
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From the Wachovia Bank website:
Open your Free Checking account in California and deposit a minimum of $500 by June 24, 2007 and receive a $75 bonus. Then receive a $50 bonus when you set up Direct Deposit within 90 days. With Free Checking from Wachovia, there are no monthly service fees, and no minimum balance [...]
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Amtrust Direct has a pretty good money market rate of 5.36% APY. They also have a high 1 year CD rate at 5.41% APY.
The Amtrust Direct money market account features no minimum balance fee, direct deposit, as well as up to 6 external transfers per statement cycle. The Amtrust Direct 12 month CD comes with [...]
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Zion Bank is offering a competitive 5.36% APY rate on it’s Desecret Money Market Account. The 5.36% APY rate is applicable to balances over $50,000; $1,000-50,000 yields a close 5.30% APY. They also offer a internet money market account with rates ranging from 4.97-5.18%, but I don’t know why you would chose this over the [...]
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2.25% Money Market Bonus Rate at EverBank
APY Savings Account at Ally (6/23/2010)
1.21% APY with WTDirect Savings Account
5% Cashback Rewards with Chase Freedom 
