Money market accounts, comparedMoney market accounts compared by APY, minimum balance, check writing and debit access.
Independent research. Every number is checked against the provider's own page and dated. Some links may earn us a commission, which never changes a ranking. How we make money
8 money market accounts compared; 5 of 6 in the main list were re-read in the last 14 days (newest read Oct 20, 2026). Ranking rule: We sort by the APY we verified on each bank's own page, current prints first. A rate we last checked more than 14 days ago stays listed with its date but never outranks a current one. How we rate
Each pick wins a specific rule, written on its label, and is chosen from the numbers on its own page. They are listed in the order of our ranking, and who pays us has no say in it.
Prime Alliance Bank pays 3.90% APY (variable) on all balances, with no monthly fee and no minimum balance.
No monthly fee.
Rate note: 3.83% interest rate, 3.90% APY, single tier applied to all balances, interest paid monthly; variable and may change without notice…
Sallie Mae Bank pays 3.60% APY (variable) with no minimum deposit, no monthly fee and check writing from the account.
No minimum deposit and no monthly fee.
Rate note: 3.54% interest rate, 3.60% APY, variable and accurate as of 10/14/2026; single flat rate with no balance tiers
Ally pays 3.10% APY on all balances with a debit card, checks and 75,000+ fee-free Allpoint and MoneyPass ATMs.
No minimum deposit, no monthly fee. Includes check writing and a debit card.
Rate note: 3.10% APY, variable, correct as of 10/14/2026; interest compounds daily
A higher print, 3.80% at Quontic Bank Money Market Account, was last checked Aug 11, 2026, so it ranks below current ones.
A money market account is a bank deposit account that pays a savings-style rate and usually adds check writing or a debit card. Every account on this page is a bank account at an FDIC-insured bank, not a brokerage money market fund. The rate moves; the minimum, the fee and the access rules are what you can verify today. Each row carries the date its rate was last checked, and a rate we checked more than 14 days ago stays listed but never outranks a current one.
| Money market accounts | APY | Min. deposit | Monthly fee | Access | Verified |
|---|---|---|---|---|---|
| 3.90% | See terms | None | See terms | Oct 20, 2026 |
| 3.60% | None | None | Checks | Oct 20, 2026 |
 | 3.26% | See terms | $10/mo | Checks | Oct 14, 2026 |
| 3.10% | None | None | Checks and debit | Oct 20, 2026 |
 | 3.09% | $100 | $5/mo | See terms | Oct 20, 2026 |
 | 3.80% | $100 | None | Checks and debit | Aug 11, 2026older than 14 days |
Each date is when we last checked the provider's own page. A date older than 14 days is flagged and ranks below current ones. Rates and terms can change, so confirm with the provider before you apply.
In ranking order. Each one lists the numbers that decide the choice, its main strengths and its main catches.
Prime Alliance Bank pays 3.90% APY (variable) on all balances, with no monthly fee and no minimum balance.
Rate note: 3.83% interest rate, 3.90% APY, single tier applied to all balances, interest paid monthly; variable and may change without notice, no effective date published
Prime Alliance Bank is a small Utah chartered bank based in Woods Cross. It is not a marketing driven online brand, and the website reflects that: sparse, dated in places, and light on the product theater you get from larger competitors.
Watch out
Sallie Mae Bank pays 3.60% APY (variable) with no minimum deposit, no monthly fee and check writing from the account.
Rate note: 3.54% interest rate, 3.60% APY, variable and accurate as of 10/14/2026; single flat rate with no balance tiers
Sallie Mae is known for student lending, but Sallie Mae Bank also runs a deposit business consisting of a high yield savings account, CDs and this money market account. The money market account exists to hold cash while letting you write checks against it.
UFB Direct pays 3.26% APY on every tier, with a $10 monthly fee unless you hold $5,000; 4.01% promo for new customers.
Rate note: 3.26% APY on a 3.21% rate…
UFB Direct is a deposit brand whose bank products and services are offered by Axos Bank, and its Portfolio Money Market Account is positioned as a high yield place to park cash with check writing privileges.
Watch out
Ally pays 3.10% APY on all balances with a debit card, checks and 75,000+ fee-free Allpoint and MoneyPass ATMs.
Rate note: 3.10% APY, variable, correct as of 10/14/2026; interest compounds daily
Ally Bank is a branchless bank, and its money market account comes with a debit card, a checkbook and unlimited fee free withdrawals at more than 75,000 Allpoint and MoneyPass ATMs, and it pays a variable rate.
First Internet Bank pays 3.09% APY but charges $5 a month unless you keep a $4,000 average daily balance.
Rate note: 3.09% APY on daily balances of $1,000,000 or less, 3.88% on daily balances above $1,000,000; rates last updated 10/2/2026; interest compounds monthly
First Internet Bank of Indiana opened in 1999 and claims to be the first state chartered, FDIC insured institution to operate entirely online. Its Money Market Savings account is a straightforward deposit product with ATM access.
Watch out
Quontic pays 3.80% APY on every balance tier, with a $100 opening deposit, a debit card and check writing.
Rate note: Same 3.80% APY across all three balance tiers; variable rate
Quontic Bank is a digitally native bank headquartered in New York and certified as a Community Development Financial Institution, meaning a share of its lending is directed at underserved borrowers.
Money market accounts for a US business. They are ranked separately so a business APY never takes a personal money market pick's place.
Chosen by rule from each card's own numbers, like the personal card picks above.
Piermont's Business High Yield Money Market pays 3.75% APY on $50,000+ with an open business checking account, with no minimum to open.
No minimum deposit, $25 monthly fee.
Rate note: 3.75% APY for $50,000+ with an open, funded business checking account…
| Money market accounts | APY | Min. deposit | Monthly fee | Access | Verified |
|---|---|---|---|---|---|
| 3.75% | None | $25/mo | See terms | Oct 25, 2026 | |
| 0.20% | $1,000 | $10/mo | See terms | Oct 17, 2026 |
Each date is when we last checked the provider's own page. Rates and terms can change, so confirm with the provider before you apply.
An MMA is a savings account with extra payment features. If you will never write a check from it, a plain high-yield savings account may be simpler. If you will, weigh rate, minimum and access together.
Money market APYs reprice with the rest of the cash market. Every APY here shows the day we checked it, and an older print is flagged and ranked below current ones. Open the bank's own page and match the number before you set up a transfer.
Some accounts ask for a small opening deposit; others open at $0. Some charge a monthly fee unless you keep a set balance. A rate that looks higher can lose its edge to a fee, so read both columns next to the APY.
Some MMAs include limited check writing or a debit card; some are transfer-only in practice. Read the access line on the bank's page before you assume you can pay a closing or a bill from it.
A slightly higher rate only helps if the money actually moves there. On $20,000, each 0.50 percentage points is about $100 a year. If you already keep cash at a bank with a decent MMA, weigh that gap against the hassle of a new account.
This page is bank deposit accounts, not money market funds such as VMFXX, which are investments and not FDIC insured. If an account is described as a fund, or quotes a yield instead of an APY, read the fine print.
Piermont Bank Business High Yield Money Market lists 3.75% APY on $50,000 with funded business checking (3.25% without checking or from $20,000 to $50,000; 0.75% below $20,000). Axos Bank Business Money Market lists 0.20%, with a table dated 6/26/2024. They are ranked in the business section of this table and on /best/business-bank-accounts.
Products that do one thing unusually well, with the catch we would want to know before applying.
No minimum deposit and no monthly fee, with check writing and a debit card. A natural fit if you already bank at Ally and want check-style access in that login. Compare its APY and date in the table before you open anything new.
Read the reviewIt asks for $100 to open and lists a $5 monthly fee, waived with a $4,000 average daily balance. It offers a debit card but no check writing. Look at it if you already use First Internet Bank for a CD or savings and want one statement.
Read the reviewIt opens with $0 and includes checks and a debit card, but it lists a $10 monthly fee that a $5,000 balance waives. Read the fee terms before you compare its APY with the no-fee accounts.
Read the review3.75% APY at $50,000 or more with an open, funded Piermont business checking account, 3.25% without checking or from $20,000 to $50,000, and 0.75% below $20,000. $25 fee waived at a $1,000 average. A business account, ranked in the business section.
Read the reviewWe sort by the APY we verified on each bank's own page, current prints first. A rate we last checked more than 14 days ago stays listed with its date but never outranks a current one.
Providers cannot pay to change this order: a list sorted by rate never includes a paid placement.
Each APY is read off the bank's own rate page and stamped with the date we checked.
Whether the account lets you write checks or use a debit card, which is the reason to pick a money market account over plain savings.
Monthly fees, the minimum to open, and any balance needed to earn the advertised rate.
FDIC coverage is on each account's page.
Checked in the last 14 days
Date of the newest issuer-page stamp
Prime Alliance Bank Personal Money Market pays the highest APY among the rates we re-checked in the last 14 days, 3.90% as of Oct 20, 2026. Money market rates are variable, so confirm the rate on the bank's page before you open an account.
Both are bank deposit accounts that pay interest and are FDIC insured. A money market account usually adds check writing or a debit card, sometimes with a higher minimum balance. A savings account keeps things simpler.
Yes. All 6 are deposit accounts at FDIC-insured banks, which covers up to $250,000 per depositor, per bank, per ownership category; the coverage we found is on each product page. A money market fund at a brokerage is a different product and is not FDIC insured.
We sort by the APY we verified on each bank's own page, current prints first. A rate we last checked more than 14 days ago stays listed with its date but never outranks a current one.
Business money market accounts are compared in their own section below this list (2 accounts), so they do not compete with personal money market accounts for a pick.
Best Money Market Accounts was last updated in October 2026 and uses rates and fees we verified against each provider's own page. Spot something out of date? Tell us.
