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Jumbo Money Market Accounts

Compare jumbo money market accounts and interest rates from hundreds of banks to help maximize your earnings.

Jumbo money market accounts can be effective for savers who want to earn higher interest rates while maintaining some measure of liquidity. Historically, these accounts required a minimum opening deposit of $100,000 in exchange for their best interest rate -- hence the term “jumbo.” But more recently, some banks have relaxed this requirement, making them more competitive with high yield savings accounts.

Money market accounts typically offer limited check-writing ability or debit-card access to funds, making liquidity a chief advantage over other types of savings accounts and CDs. And while jumbo MMAs are not meant to be used as a checking account, sometimes liquidity is important.

It is critical to do your research before opening a jumbo MMA because interest rates, account features, and fees vary widely from one financial institution to another. Search for the highest interest rate possible -- but also compare minimum opening deposit requirements, whether interest is compounded daily, and fee structure.

MoneyRates.com regularly monitors more than 400 money market account products, featuring some of the best interest rates for easy comparison. Here’s our methodology.

Best jumbo money market account rates found by users like you

Have you found better jumbo money market account rates than those displayed above? If so, please share them with us and other MoneyRates users!

Give us the details – please include the name of the bank, when you opened the account and whether the account can be opened online or only in the branch (if the latter, please include the location of the branch). Thank you! 

Jumbo money market accounts vs. Jumbo CDs

One advantage a jumbo money market account has over a jumbo CD is liquidity – your money is available at any time whereas money invested in a jumbo CD has to remain there for the term of the CD (6 months, 1 year, 5 years or longer) in order to avoid early withdrawal penalties. If you do withdraw money from a jumbo account, though, you may be subject to fees if the balance goes below $100,000.

Accessibility to your funds is another reason to choose a jumbo money market account for your deposits. A jumbo account may come with the ability to write checks – although not all banks offer this. As with any financial vehicle, be sure to look at all of the terms and conditions of an account before you deposit your money. 

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CIT Bank
Member FDIC
Rates as of 5/21/2018
1.75% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Goldman Sachs Bank USA
Member FDIC
Rates as of 5/21/2018
1.70% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Synchrony Bank
Member FDIC
Rates as of 5/21/2018
1.65% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Capital One
Member FDIC
Rates as of 5/21/2018
1.60% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
American Express National Bank
Member FDIC
Rates as of 5/21/2018
1.55% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Live Oak Bank
Member FDIC
Rates as of 5/21/2018
1.70% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Discover Bank
Member FDIC
Rates as of 5/21/2018
1.55% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Barclays
Member FDIC
Rates as of 5/21/2018
1.50% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Heritage Bank
Member FDIC
Rates as of 5/21/2018
1.31% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
EverBank
Member FDIC
Rates as of 5/21/2018
1.50% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
BBVA
Member FDIC
Rates as of 5/21/2018
1.50% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
HSBC Bank
Member FDIC
Rates as of 5/21/2018
1.50% APY
Member FDIC
Rates as of 5/21/2018
Start Saving
Ultima Bank
Rates as of 2018-05-20
Popular Direct
Rates as of 2018-05-13
Min. to earn stated APY
$0.01
Salem Five Direct
Rates as of 2018-05-20
Dollar Savings Direct
Rates as of 2018-05-17
All America Bank
Rates as of 2018-05-16
ableBanking
Rates as of 2018-05-16
Min. to earn stated APY
$0.01
iGOBanking
Rates as of 2018-05-19
Min. to earn stated APY
$25000
CIBC
Rates as of 2018-05-17
Min. to earn stated APY
$0.01
Sallie Mae Bank
Rates as of 2018-05-20
Colorado Federal Savings Bank
Rates as of 2018-05-17
Min. to earn stated APY
$100000
SFGI Direct
Rates as of 2018-05-20
Min. to earn stated APY
$1
Ally Bank
Rates as of 2018-05-16
FNBO Direct
Rates as of 2018-05-18
UFB Direct
Rates as of 2018-05-20
Amalgamated Bank
Rates as of 2018-05-16
Sallie Mae Bank
Rates as of 2018-05-20
Nationwide Bank
Rates as of 2018-05-20
Min. to earn stated APY
$10000
Nationwide Bank
Rates as of 2018-05-20
Min. to earn stated APY
$25000
Nationwide Bank
Rates as of 2018-05-20
Min. to earn stated APY
$50000
Nationwide Bank
Rates as of 2018-05-20
Min. to earn stated APY
$100000
Beal Bank, USA
Rates as of 2018-05-16
Min. to earn stated APY
$25000
Eastern Bank
Rates as of 2018-05-17
Min. to earn stated APY
$10000
Radius Bank
Rates as of 2018-05-20
Min. to earn stated APY
$2500
Cadence Bank, N.A.
Rates as of 2018-05-17
MyBankingDirect
Rates as of 2018-05-20
Min. to earn stated APY
$25000
SmartyPig
Rates as of 2018-05-20
Min. to earn stated APY
$0.01
SmartyPig
Rates as of 2018-05-20
Min. to earn stated APY
$10000.01
SmartyPig
Rates as of 2018-05-20
Min. to earn stated APY
$2500.01
MyBankingDirect
Rates as of 2018-05-20
Min. to earn stated APY
$5000
Bank of Internet
Rates as of 2018-05-16
UFB Direct
Rates as of 2018-05-20
Min. to earn stated APY
$25000
Nationwide Bank
Rates as of 2018-05-20
Banc of California
Rates as of 2018-05-16
Min. to earn stated APY
$100000
First Internet Bank
Rates as of 2018-05-18
Amboy Direct
Rates as of 2018-05-16
Min. to earn stated APY
$3000
Ultima Bank
Rates as of 2018-05-20
Min. to earn stated APY
$1000
TIAA Direct
Rates as of 2018-04-29
Min. to earn stated APY
$50000
Apple Bank for Savings
Rates as of 2018-05-16
Min. to earn stated APY
$2500
Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches.
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