Best Money Market Accounts [2025]: High-Rate Savings With Cash Access

When you have money you'd like to save but may need to spend, opening a money market account (MMA) can be a very good idea. With an MMA, you could earn a high interest rate while still having access to your money. These accounts often offer cash access in the form of check writing, debit cards, and/or ATM cards, and while some have monthly transaction limitations, others don't.

Online banks like ZYNLO Bank, Vio Bank, and Quontic Bank offer many of the best money market rates. We'll go over the best rates from several banks and financial technology companies that offer high annual percentage yields (APYs), minimal fees, and make it easy to access your funds.

How we evaluate products

When evaluating the best money market accounts, we considered factors such as APYs, minimum deposit requirements, minimum balance requirements, and monthly service fees. Because money market accounts are designed for saving, we gave preference to accounts with the highest rates and no monthly maintenance fees. We also avoided including any accounts with prohibitively high minimum deposit or balance requirements, as well as those with long lists of access restrictions or usage fees. Additionally, we considered ease of account opening and cash accessibility features such as checkbooks and debit cards.

The companies we chose for our best money market account rates list may be current or past FinanceBuzz partners. We did not review all companies in the market. 

Key takeaways

Best money market accounts comparison

Account	Best for	APY	Minimum deposit
ZYNLO Money Market Account	High interest rates	4.40% (as of 05/05/25)	$10
Quontic Bank Money Market Account	Banking in one place	4.25% (as of 03/05/25)	$100
EverBank Performance℠ Money Market	ATM fee reimbursements	4.00 (as of 04/11/25) intro rate, then 2.02%-4.00% (as of 04/11/25)	$0
Vio Bank Cornerstone Money Market Savings Account	Incoming wire transfers	4.36% (as of 04/25/25)	$100
UFB Portfolio Money Market	Unlimited transfers	4.01%	$0
Discover® Bank Money Market Account	No fees	Up to 3.55% (as of 04/22/25)	$0

ZYNLO Money Market Account

To open an MMA with ZYNLO Bank, you'll need a $10 minimum deposit, and you only need to maintain a balance of one penny to receive 4.40% (as of 05/05/25) APY on the account.

ZYNLO Bank is a completely online bank that provides financial services through PeoplesBank of Massachusetts. Its MMA is one of the best overall because it has no transaction limits, penalties, or fees. However, the bank doesn't offer checks with the account.

ZYNLO Bank is FDIC insured.

Quontic Bank Money Market Account

Quontic is a digital bank founded in 2009 that reimagines traditional banking. It offers more account options than many online banks, including stand-out checking accounts, a high-rate savings account, and many competitive CDs. If you're looking to open more than just a money market account now or in the future, Quontic is a good place to do that.

Quontic's Money Market Account provides a high 4.25% (as of 03/05/25) APY on all balance tiers with no monthly fees or overdraft fees. You'll need $100 to open an account, and once you fund your account, you can access your funds with a debit card, bill pay, account transfers, and Zelle.

However, you're limited to six free transfers and withdrawals per statement cycle. Any transactions over six will cost you $10 each. There are also hefty fees for outgoing wire transfers, both foreign and domestic.

Quontic Bank is a Member FDIC.

Read our full Quontic Bank review.

EverBank Performance℠ Money Market

EverBank, formerly TIAA Bank, offers the EverBank Performance℠ Money Market with a 4.00 (as of 04/11/25) introductory APY that you can open with no minimum deposit. However, this is only an introductory rate, and the interest earned on the MMA drops after a year based on the balance in your account. After the one-year introductory APY is over, your APY will be 2.02%-4.00% (as of 04/11/25), depending on your balance tier. 

EverBank charges no monthly account fees, overdraft transfer fees, or official check fees. There are also no ATM fees, and the bank will even reimburse ATM fees you pay at other banks. If you have a minimum average daily balance of $5,000, you'll receive unlimited ATM fee reimbursements, and if your account is under $5,000, the bank will reimburse up to $15 per month in ATM fees.

EverBank is FDIC insured.

Vio Bank Cornerstone Money Market Savings Account

Vio Bank is an online bank division of MidFirst Bank, the largest privately owned U.S. bank with $39.5 billion in assets. Vio Bank only offers online savings accounts, MMAs, and CDs; it doesn't provide checking accounts or other financial products.

Vio Bank's Cornerstone Money Market Savings Accounts earn a generous 4.36% (as of 04/25/25) APY, but that rate comes with some conditions that other MMAs may not have. You won't be able to use a debit card, paper checks, or bill pay. You can do an external transfer through an ACH transaction to an outside bank, but that can take up to five days to process. Still, this is one of the best accounts for incoming wire transfers because it doesn't charge for these, so this would be a good option if you plan to wire money to yourself to fund it.

Vio Bank is FDIC-insured through MidFirst Bank.

UFB Portfolio Money Market

UFB Direct is an online bank division of Axos Bank, which primarily provides high-yield savings accounts, MMAs, and mortgages. The bank offers one of the highest-interest MMAs with a 4.01% APY on all balance tiers.

UFB Portfolio Money Market accounts come with an ATM card and check-writing privileges. We also think this account stands out because there are no limits on the number of fund transfers you can make, which many money market accounts enforce. But although there's no minimum balance required to open an account, you'll be subject to a $10 monthly maintenance fee if your account balance is less than $5,000.

UFB Direct is FDIC-insured through Axos Bank.

Discover® Bank Money Market Account

A household name with top-notch products like Discover checking and savings accounts, CDs, and MMAs, Discover is an all-around excellent online bank. The Discover® Bank Money Market Account offers a competitive APY up to 3.55% (as of 04/22/25), depending on your account balance. While this isn't the highest rate possible for this type of account, it is still great compared to many accounts and certainly the national average.

You can open a Discover money market account with any amount of money, no minimum required. Once opened, the account doesn't charge fees for monthly maintenance, insufficient funds, or excessive withdrawals. There is also no minimum balance requirement. The only fee we can see with Discover's MMA is a $30 service charge for outgoing wire transfers.

You can access your money through a debit card, ATMs, or paper checks. However, there is a $2,000 daily limit on ATM withdrawals.

Discover is FDIC insured.

Read our full Discover Bank review.

How to choose the best money market accounts

When it comes to choosing the best money market account rates, there are several factors that you need to consider besides the interest an MMA earns. While some accounts may earn a high APY, the bank may require you to maintain a certain minimum balance to earn that rate. Here are the account features you should consider when choosing the best money market account rates for you.

• Interest rates: The higher the APY is on an MMA, the more your money will earn in interest. However, some banks will advertise a high APY on their website, but when you read the fine print, you may find you have to maintain a certain balance to earn the high rate.
• Accessibility to funds: The advantage of an MMA over a CD is that you have more access to your funds. You should find out if the account provides you with a debit card or checks and if there are any limits on how many transactions you can make in a month or statement cycle.
• Fees: Some banks will charge a monthly maintenance fee for an MMA or other fees for wire transfers, excessive transactions, or expedited delivery. Remember, fees eat away at any interest you earn on the account.
• Minimum balances required: The best MMAs enable you to earn the same high APY regardless of how much money you have in the account.
• Opening deposit: The opening deposit is the amount of money the bank requires you to have to open an MMA. Most accounts we looked at needed between $0 to $100 to open except for Discover, which requires a hefty opening deposit of $2,500.
• Withdrawal limits: Many MMAs give you a high interest rate in exchange for limits on the number of transactions and withdrawals you make. The typical transaction limit is six per month, after which you are either charged a fee or prevented from making any further transactions.

Alternatives to money market accounts

FAQs

Bottom line

Having a money market account is worth it if you want to earn more with the money you already have. Many MMAs earn high interest rates while enabling you to access your funds if and when needed. While there may be restrictions on the number of transactions you can make with an MMA versus a traditional checking or savings account, the earning potential could be worth it for savers.

Of the MMAs we recommend, ZYNLO Bank, Vio Bank, and Quontic Bank offer the highest interest rates, while EverBank, UFB Direct, and Discover offer benefits like no opening deposit requirements.