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Jumbo Money Market Account September 2019

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

Our articles, research studies, tools, and reviews maintain strict editorial integrity; however, we may be compensated when you click on or are approved for offers from our partners.

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.

What is a money market account?

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.

Best jumbo money market accounts in 2019

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Currently Banking With:

  • Capital One
  • Barclays
  • Synchrony Bank
  • Ally Bank
  • CIT Bank
  • HSBC
  • Sallie Mae Bank
  • American Express National Bank
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Advertiser Disclosure
Advertiser Disclosure: Many of the savings offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.
Northern Bank Direct
FDIC Insured
All America Bank
FDIC Insured
Northpointe Bank
FDIC Insured
Western State Bank
FDIC Insured
MemoryBank
FDIC Insured
Sallie Mae Bank
FDIC Insured
iGOBanking
FDIC Insured
BankPurely
FDIC Insured
BankPurely
FDIC Insured
BankPurely
FDIC Insured
Beal Bank, USA
FDIC Insured
NexBank, SSB
FDIC Insured
First Internet Bank
FDIC Insured
Capital One
FDIC Insured
Beal Bank
FDIC Insured
ableBanking
FDIC Insured
Mutual of Omaha Bank
FDIC Insured
CIT Bank
FDIC Insured
MyBankingDirect
FDIC Insured
NexBank, SSB
FDIC Insured
Discover Bank
FDIC Insured
Discover Bank
FDIC Insured
Salem Five Bank
FDIC Insured
Salem Five Bank
FDIC Insured
Salem Five Bank
FDIC Insured
East Boston Savings Bank
FDIC Insured
BankDirect
FDIC Insured
Northwest Bank
FDIC Insured
MyBankingDirect
FDIC Insured
American Eagle Bank of Chicago
FDIC Insured
KS StateBank
FDIC Insured
Amerant Bank, N.A.
FDIC Insured
Northeast Bank
FDIC Insured
NexBank, SSB
FDIC Insured
Northwest Bank
FDIC Insured
Armed Forces Bank
FDIC Insured
The Huntington National Bank (Rate in OH)
FDIC Insured
The Huntington National Bank (Rate in OH)
FDIC Insured
Coastal Heritage Bank
FDIC Insured
Superior Credit Union
FDIC Insured
BMO Harris Bank
FDIC Insured
Customers Bank
FDIC Insured
KS StateBank
FDIC Insured
Synchrony Bank
FDIC Insured
Synchrony Bank
FDIC Insured
Synchrony Bank
FDIC Insured
Chesapeake Bank
FDIC Insured
Apple Bank for Savings
FDIC Insured
Zions Bank
FDIC Insured
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.

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. 

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! 

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