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.
- Great Rates + Safety = Peace of Mind
- Member FDIC
- Earn 21x the national average
- No hidden fees and no minimum balance to open
- Deposits are insured by the FDIC up to the maximum allowed by law.
- A rate that's 21x better than the national average
- No minimum balance and no hidden fees
- Link directly to any existing bank account
- No transaction fees
- No minimum deposit to open
- FDIC insurance up to the maximum allowed by law
- 100% U.S. Based Customer Service
- No monthly minimum balance, no monthly fees
- Open in Minutes
- FDIC Insured
- No Fees/Minimum Balance
- 24/7 Access
- Consistently Competitive Rates
- 24/7 Customer Care
- Ally Bank, Member FDIC
- Save smart and get more for your money
- Higher APY than traditional banks
- Secure banking features - FDIC Insured
- 360 Money Market®
- One of the Nation’s Top Rates Without Fees
- Member FDIC
- Debit card access.
- Open and fund with any amount.
- Ally Bank, Member FDIC.