MMA Rates are comparable to Savings Account rates
Money Market accounts are conservative types accounts, but can be helpful as a source of available cash, while earning a respectable interest rate. With MMAs, interest rates can be more changeable than other savings accounts.
The returns from MMAs are usually comparable to those from savings accounts. Like savings accounts though, they can be withdrawn at any time – the consumer is not locked in.
Below are among the best current rates for money market accounts around the country.
Best Rates for Money Market Accounts
| Institution | APY | Rate | Min. Deposit |
|---|---|---|---|
| Incredible Bank | 1.00% | 1.00% | $2,500 |
| Ally Bank | 0.84% | 0.84% | $1 |
| First Internet Bank | 0.80% | 0.80% | $100 |
| Ever Bank | 0.76% | 0.76% | $1,500 |
| Bank Of Internet USA | 0.75% | 0.75% | $100 |
| Discover Online Savings | 0.70% | 0.70% | $2,500 |
| Giant Bank | 0.65% | 0.65% | $1,000 |
| Zions Bank | 0.60% | 0.60% | $1,000 |
| Flagstar Direct | 0.60% | 0.60% | $1 |
| Alostar USA | 0.60% | 0.60% | $1,000 |
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