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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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Currently Banking With:

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CIT Bank
FDIC Insured
Rates as of 11/13/2018
2.15% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
Goldman Sachs Bank USA
FDIC Insured
Rates as of 11/13/2018
2.05% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
Synchrony Bank
FDIC Insured
Rates as of 11/13/2018
2.05% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
Barclays
FDIC Insured
Rates as of 11/13/2018
2.05% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
Capital One
FDIC Insured
Rates as of 11/13/2018
2.00% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
HSBC Bank
FDIC Insured
Rates as of 11/13/2018
2.01% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
Live Oak Bank
FDIC Insured
Rates as of 11/13/2018
2.00% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
American Express National Bank
FDIC Insured
Rates as of 11/13/2018
1.90% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
BBVA
FDIC Insured
Rates as of 11/13/2018
1.80% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
UFB Direct
FDIC Insured
Rates as of 11/13/2018
1.60% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
Heritage Bank
FDIC Insured
Rates as of 11/13/2018
1.51% APY
FDIC Insured
Rates as of 11/13/2018
Start Saving
Ultima Bank
Rates as of 2018-11-07
Northpointe Bank
Rates as of 2018-11-08
Min. to earn APY
$25000
Popular Direct
Rates as of 2018-11-09
Min. to earn APY
$0.01
iGOBanking
Rates as of 2018-11-07
Min. to earn APY
$25000
All America Bank
Rates as of 2018-11-07
MySavingsDirect
Rates as of 2018-11-08
Vio Bank
Rates as of 2018-11-07
Min. to earn APY
$100
BankPurely
Rates as of 2018-11-07
Min. to earn APY
$25000
BankPurely
Rates as of 2018-11-07
Min. to earn APY
$75000
BankPurely
Rates as of 2018-11-07
Min. to earn APY
$100000
MemoryBank
Rates as of 2018-11-07
Min. to earn APY
$0.01
Citizens Access
Rates as of 2018-11-07
Min. to earn APY
$5000
CIBC Bank USA
Rates as of 2018-11-07
Min. to earn APY
$0.01
PurePoint Financial
Rates as of 2018-11-09
Min. to earn APY
$10000
Sallie Mae Bank
Rates as of 2018-11-09
SFGI Direct
Rates as of 2018-11-09
Min. to earn APY
$1
Salem Five Direct
Rates as of 2018-11-09
Sallie Mae Bank
Rates as of 2018-11-09
Incredible Bank
Rates as of 2018-11-07
Min. to earn APY
$25000
Beal Bank, USA
Rates as of 2018-11-07
Min. to earn APY
$25000
Virtual Bank
Rates as of 2018-11-07
Cadence Bank, N.A.
Rates as of 2018-11-07
Chesapeake Bank
Rates as of 2018-11-07
Min. to earn APY
$1000
Radius Bank
Rates as of 2018-11-09
Min. to earn APY
$25000
Alliant Credit Union
Rates as of 2018-11-07
Northpointe Bank
Rates as of 2018-11-08
Min. to earn APY
$25000
Ally Bank
Rates as of 2018-11-07
iGOBanking
Rates as of 2018-11-07
Discover Bank
Rates as of 2018-11-12
Colorado Federal Savings Bank
Rates as of 2018-11-07
Min. to earn APY
$100000
BankPurely
Rates as of 2018-11-07
BMO Harris Bank
Rates as of 2018-11-07
Min. to earn APY
$25000
ableBanking
Rates as of 2018-11-07
Min. to earn APY
$0.01
Beal Bank
Rates as of 2018-11-07
Min. to earn APY
$25000
First Internet Bank
Rates as of 2018-11-06
Dollar Savings Direct
Rates as of 2018-11-12
Discover Bank
Rates as of 2018-11-12
SmartyPig
Rates as of 2018-11-09
Min. to earn APY
$0.01
SmartyPig
Rates as of 2018-11-09
Min. to earn APY
$10000.01
SmartyPig
Rates as of 2018-11-09
Min. to earn APY
$2500.01
MyBankingDirect
Rates as of 2018-11-08
Min. to earn APY
$25000
Quorum Federal Credit Union
Rates as of 2018-11-09
Green Bank
Rates as of 2018-11-07
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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