Finding the Best Money Market Account Rates

If maintaining liquidity while earning the highest rate possible on your savings is your goal, learn more about money market accounts. MoneyRates.com can help you quickly narrow your search for the best money market account available.

MoneyRates.com regularly monitors more than 300 banks to collect information on money market accounts and features some of the best interest rates for easy comparison. Here’s our methodology.

Account Type:

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Purpose Of Account:

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Currently Banking With:

  • Capital One 360
  • Barclays
  • Synchrony Bank
  • Ally Bank
  • CIT Bank
  • HSBC
  • Sallie Mae Bank
  • American Express Bank, FSB
  • Discover Bank
  • Other

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Type: Savings
1.50 % APY
Min. to earn APY
Advertiser comments
  • A rate that's 23x better than the national average
  • No minimum balance and no hidden fees
  • Link directly to any existing bank account
FDIC Insured
Rates as of 2/18/2018
FDIC Insured
Rates as of 2/18/2018
Type: MMA
1.50 % APY
Min. to earn APY
Advertiser comments
  • 360 Money Market®
  • One of the Nation’s Top Rates Without Fees
  • Member FDIC
FDIC Insured
Rates as of 2/18/2018
FDIC Insured
Rates as of 2/18/2018
Type: Savings
1.50 % APY
Min. to earn APY
Advertiser comments
  • No transaction fees
  • No minimum deposit to open
  • FDIC insurance up to the maximum allowed by law
FDIC Insured
Rates as of 2/18/2018
FDIC Insured
Rates as of 2/18/2018
Type: Savings
1.50 % APY
Min. to earn APY
Advertiser comments
  • Great Rates + Safety = Peace of Mind
  • Member FDIC
FDIC Insured
Rates as of 2/18/2018
FDIC Insured
Rates as of 2/18/2018
Type: Savings
1.45 % APY
Min. to earn APY
Advertiser comments
  • FDIC Insured
  • No Minimums or Fees
  • 24/7 Access
FDIC Insured
Rates as of 2/18/2018
FDIC Insured
Rates as of 2/18/2018
Type: Savings
1.45 % APY
Min. to earn APY
Advertiser comments
  • Consistently Competitive Rates
  • 24/7 Customer Care
  • Ally Bank, Member FDIC
FDIC Insured
Rates as of 2/18/2018
FDIC Insured
Rates as of 2/18/2018
Type: MMA
1.00 % APY
Min. to earn APY
Advertiser comments
  • Debit card access.
  • Open and fund with any amount.
  • Ally Bank, Member FDIC.
FDIC Insured
Rates as of 2/18/2018
FDIC Insured
Rates as of 2/18/2018
Rates as of 2018-02-17
SMART Savings Account - for young adults 18 yrs or younger, withdrawals prior to 18th See morebirthday may result in a penalty
Rates as of 2018-02-14
Min. to earn APY
Money Market Savings - APY for all balances - Up to 6 withdrawals are permitted See moreper month - apply online - a division of Northeast Bank based in Maine
Rates as of 2018-02-14
Dollar Savings Account - apply online- must have a personal checking account in a US See morebank.
Rates as of 2018-02-17
UFB Direct Money Market Savings Account - No monthly maintenance fee with a minimum $5,000 See moreaverage daily collected balance; otherwise, the fee is $10.00 per month - Apply online
Rates as of 2018-02-14
CIT Bank Savings - Premier High Yield - Tier $0 - $250,000 - Apply online
Rates as of 2018-02-14
Min. to earn APY
Money Market - $25,000 and more - Rate collected within 94104 (CA)
Rates as of 2018-02-17
Min. to earn APY
Rates as of 2018-02-17
Min. to earn APY
Popular Direct Plus Savings - $4 monthly fee waived with $500 minimum daily balance
Rates as of 2018-02-17
eOne Savings - APY on balances of 0.01- $1,000,000. Companion account to eOne Checking, no See moreminimum balance, no monthly fees, free ATM card, Online applicants only, who do not have existing deposit accounts with Salem Five
Rates as of 2018-02-10
Min. to earn APY
iGO Online Money Market
Rates as of 2018-02-17
Nationwide - Apply online
Rates as of 2018-02-14
Mega Money Market - Online account
Rates as of 2018-02-12
Min. to earn APY
Tiered Money Market - tier $10,000 - $24,999 - apply online
Rates as of 2018-02-12
Min. to earn APY
Tiered Money Market - tier $25,000 - $49,999 - apply online
Rates as of 2018-02-12
Min. to earn APY
Tiered Money Market - tier $50,000 - $99,999.99 - apply online
Rates as of 2018-02-12
Min. to earn APY
Tiered Money Market - tier $100,000 - apply online
Rates as of 2018-02-14
Propel Savings - Tier $0-$5,000 - Requires recurring auto-deposit from Cadence checking of at least See more$25 in aggregate monthly
Rates as of 2018-02-14
Yield Pledge Money Market - APY for all balances
Rates as of 2018-02-14
Yield Pledge Money Market - This is a 1 Year Introductory APY for balances between See more$0 - $250,000 - Must be first time money market customers with new money deposit
Rates as of 2018-02-17
Online Savings - Rated Kiplinger's Best Online Savings Account - No minimums, no monthly fees, See moremanage account securely online
Rates as of 2018-02-14
Online Savings Account - No monthly fee and no minimum required balance
Rates as of 2018-02-17
High-Yield Savings - No minimum balance and no monthly service fees - Nationwide - Apply See moreonline
Rates as of 2018-02-17
Min. to earn APY
Radius High-Yield Savings - APY for balances $2,500 and above - apply online
Rates as of 2018-02-14
Smart Savings - No monthly maintenance fees - No minimum monthly balance requirements
Rates as of 2018-02-17
Min. to earn APY
UFB Premium Savings offers a rate of 1.30% APY with interest compounded daily - APY See morefor balances $25,000 and above - Must be new funds to receive stated rate
Rates as of 2018-02-12
Regular Savings - APY for all balances - Online savings account
Rates as of 2018-02-14
Money Market Tier $0 - $99,999.99 - $10 montly fee if average daily balance is See moreless than $2,500
Rates as of 2018-02-14
Min. to earn APY
Apple Bank Money Market - APY for balances $2,500 and above
Rates as of 2018-02-12
Min. to earn APY
High Yield Money Market - Daily account balance must maintain a $10,000 minimum - A See more$25 fee will be assessed for balances that fall below the daily minimum
Rates as of 2018-02-17
Min. to earn APY
SmartyPig Savings - Tier $10,000.01 - $50,000
Rates as of 2018-02-14
Money Market Savings - Rate earned on balances from $0 to $250,000 - Transaction limitations See more- apply online
Rates as of 2018-02-14
Money Market Checking - Tier Up to $14,999.99
Rates as of 2018-02-17
Min. to earn APY
SmartyPig Savings - Tier $0.01 - $2,500
Rates as of 2018-02-17
Min. to earn APY
SmartyPig Savings - Tier $2500.01 - $10,000
Rates as of 2018-02-12
Tiered Money Market - APY for balances between $0-$999.99
Rates as of 2018-02-12
Min. to earn APY
Tiered Money Market - tier $1,000 - $9,999.99 - apply online
Rates as of 2018-02-17
Min. to earn APY
Money Market -Tier $50,000 -$99,999.99
Rates as of 2018-02-14
Min. to earn APY
CIBC Palladian Savings - Currently there is a promotional interest rate for CIBC Palladian Savings See moreAccount which is fixed at 1.30% for the first six months - After the promotional interest rate ends, the interest rate will be the non-promotional variable interest rate that is offered for Palladian Savings Account at that time (currently 1.10%) - There is a minimum initial deposit of $1,000 and maximum initial deposit of $100,000
Rates as of 2018-02-14
Min. to earn APY
Money Market Savings Account - No monthly maintenance fees - No minimum monthly balance requirements
Rates as of 2018-02-14
Limit of six transactions per month - APY for all balances - apply online
Rates / APY 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 union deposits are insured by the 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.

Find the Best Money Market Account Rates

A money market account has many benefits over regular savings accounts, including higher rates. Find the best money market rates in the table below.

What is a money market account?

By most measures, a money market account is very similar to an ordinary savings account: It’s a savings vehicle designed to build wealth in virtually the safest manner possible. While money market yields are unlikely to compete with riskier options, these accounts can offer a meaningful return. This is especially if you commit to finding an account that offers competitive terms. When stock markets are particularly volatile, these types of accounts become even more attractive.

In rates updated September 18, 2017, the Federal Deposit Insurance Corp. placed the national average annual percentage yield (APY) for money market accounts at 0.09%.

There are several factors to consider when shopping for the best high yield online money market accounts, including:

 By doing some homework before you open an account, you can maximize the chances that you’ll find a vehicle that suits your needs for years to come. One important note: Money market accounts are not the same thing as "money market funds" that do come with risks that FDIC-insured money market accounts do not.

Here are five essential tips to guide you as you evaluate the best money market account for you:

1. Check money market rates – twice

Assuming you’d like your savings to earn some interest each month, the rate is a main factor – if not the main factor. But because money market rates change over time in response to economic shifts and changes at banks, it’s critical to not simply glance at the rate you see on the bank’s window or website and assume that that’s all there is to know.

Teaser vs. ongoing bank interest rates

Many banks offer “teaser” rates that may be well above the level of interest the bank ordinarily offers on the account. The goal here is to get customers to sign up based on that splashy introductory rate, but if you’re looking for an account that will excel over the long haul, the ongoing rate – the yield that you’ll get once the teaser rate expires – is much more important.

The ongoing rate may be buried in the account’s fine print, but don’t let it escape you. If you find that the ongoing rate is well below the teaser rate – and especially if it’s below the ongoing rates that other banks offer – you may want to look elsewhere.

Jumbo money market rates

For deposits higher than $100,00, you could look into jumbo money market rates, which are typically higher than for regular deposits. 

Additionally, MoneyRates runs a regular America’s Best Rates feature that highlights savings and money market accounts that consistently offer the highest rates in their category. If a strong ongoing yield is a top priority for you – and it should be – this may be a good place to start your search.

2. Note the minimums for money market deposits

One way money market accounts differ from savings accounts at many banks is in the minimum opening deposit and the monthly minimum balance. Because many banks offer better rates for high interest money market accounts than they do on their savings accounts, they in turn demand higher minimums with the money market account.

A quick glance at the required minimums for a given account can inform you whether it’s a good choice for your savings. If you have $100,000 to deposit, you’re likely to find you’re well above the required minimums. But if you only have $1,000, you may be below the minimum for some accounts.

When to look for a different bank for money market rates

In those cases, it’s wisest to look elsewhere for a money market account or instead consider that bank’s savings account (assuming it has friendlier minimums). If you start an account without the funds to meet that monthly minimum balance, you’re likely to forfeit your monthly interest payments and even face monthly service charges, which can quickly erode (or even negate) the savings you’re trying to grow.

Also, don’t assume that the opening minimum deposit and monthly minimum balance are ever the same. Some banks offer friendly opening minimums and not-so-friendly monthly minimums. Why do they do this? You’ll know when you have to fork over that first monthly service fee.

3. Ensure sufficient access to funds

While a money market account is a highly liquid type of vehicle – you can access your funds at virtually any time – you shouldn’t assume that it can take the place of a conventional checking account.

As mandated by the Federal Reserve’s Regulation D, money market accounts (and all other accounts classified as “savings deposits”) may only permit six or fewer transactions per month. That includes checks and debit-card transactions, which means these accounts aren’t ideal for funding regular purchases. Still, Regulation D permits that you can access your money via branch or ATM withdrawals as often as you’d like.

4. Pick your perks for accounts

As mentioned above, some money market accounts include check-writing and debit-card privileges – something ordinary savings accounts do not. But it’s important to verify that any account you’re considering has these perks – if you wish to have them – because they aren’t universal.

Additionally, some banks also offer reimbursements of ATM fees, as well as online tools to assist you in managing your account. If you’re an online-banking aficionado, it couldn’t hurt to take a tour of a prospective bank’s website – or perhaps even read some reviews of it – before opening an account there.

5. Consider if you need a retirement money market account

If you want to have low-risk investments for your retirement, determine if a retirement money market account is right for you. Not only are your deposits safe with FDIC insurance, this type of money market account's bank interest rates may potentially increase along with your balance, earning you more money over time. 

FDIC insurance coverage and protected money market accounts

There is one last thing you should always verify before opening any type of bank account, but thankfully this step is usually easy.

FDIC insurance limits for money market accounts

 Before you hand over your money, make sure that your deposits will be backed by insurance from the FDIC. FDIC insurance coverage protects funds up to $250,000 per depositor, per institution in the event of a bank failure, and banks that carry it are required to display the FDIC emblem prominently in their branches or on their website.

Like most types of insurance, it’s something you hope to never use, but that you’ll be very glad to have if things turn for the worse.

If you are looking to deposit more than $250,000 in a non-joint account -- FDIC insurance can protect joint accounts to a higher level since there are multiple account owners -- it’s wise to use multiple FDIC-insured institutions to ensure maximum coverage on your funds.

Best money market and savings account rates found by users like you

Have you been able to find even better money market and savings rates than the ones displayed above? If yes, please share them with us and other MoneyRates users! Please include the details: the name of the bank, term of the account, 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!

David Ruelas 6 January 2017 at 10:56 am

United Bank is offering 1.25% APY on money markets.

Kevin Williams 22 April 2016 at 7:25 am

I have been with Ridgewood Savings Bank for 5 years .The customer service in this bank has exceeded my expectations. Manager helped me get organized in a way that has helped me grow my business. I recommend that any young entrepreneur or start up to get signed up with their business banking services as it can be difficult for an artist/creative person to get organized. I also have an account here and I am very satisfied with this bank. Incidentally, if you are searching information aboutRidgewood Savings Bank you can find it here http://www.usbankinginfo.com/bank/ridgewood-savings-bank/

HungryByteman 30 December 2014 at 10:08 pm

Hey, RICH NG,How about telling us where BECU is, because the BECU in Washington State is almost as low in their rates as the CU's in SC, under half a percent.

rich ng 21 November 2014 at 6:48 am

Don't see credit unions either... Maybe not considered banks? BECU offers 2% interest for their premium no fee checking...

Linda Rowsey 30 October 2014 at 4:13 pm

I do not see Wells-Fargo in the 148 pages of banks listed. Did I miss it?

Smith 22 September 2014 at 7:07 am

Clayton Bank and Trust is offering a new Prime-Based Money Market Account with no minimum balance to open the account or earn the APY, which is currently 0.75%. The rate is WSJ Prime minus 2.5, so you won't need to rate shop when prime moves. There are also no fees or complicated requirements.

Harry 12 August 2014 at 2:26 pm

MySavingsDirect.com has 1.00% with no minimum and no fees!

Bree Martin 16 May 2014 at 11:35 am

FSG Bank in East Tennessee has a great rate of .75% on $10,000 I was looking for somewhere to park some liquid cash for awhile and they were great and easy to deal with.

Julie Baek 23 September 2013 at 5:02 pm

I was looking around for a higher interest savings account so i had been purusing sites looking for the best deal. I ultimately found mine beause my mother in law saw an ad in the korean newspaper. I opened my account today at First Choice Bank, my experience was pleasant nothing negative to report, its their high yield savings account, minimum: $10000, 1.00%, this rate will not change for a year, and you have to open the account by 11/30/2013, I think you have to go into the branch to open though which was fine with me since I happen to live closeby to one of their branches. I think their website has a list of all their locations (www.firstchoicebankca.com). They are only in southern california so if you live nearby its pretty convienient.

Richard Rosenberg 23 August 2013 at 6:00 pm

We opened a M.M. account with Amtrust Direct which pays 1.05%. Take it from me its not worth the difference between other internet banks. We sent the application in 7-11-13 and today its 8-23-13 and all issues have not been addressed. Its been a absolute nightmare dealing with a staff that doesn't know whats going on. The time ive been on the phone with the bank has been a total WASTE. Richard Rosenberg

Peter 2 June 2013 at 6:12 am

Barclays has now dropped to .90% and didn't notify me of the rate change. Salem Five is a mess. They offered a great rate, and I set up an account only to be informed after the whole process that the rate was for new money only.

Doug 8 April 2013 at 1:52 pm

I'm a big fan of Barclays as I have been with them since June, 2012 and their interest rate has remained 1% the whole time.

Michael 11 February 2013 at 7:14 pm

Salem Five is offering 1.25%, but setting up an account with them is very tedious and we just learned they have very low limits for making deposits and withdrawals on line. First deposit has to be by mailed check. We set up an account and ended up closing it after having to repeatedly call them for clarification of their policies and procedures. Opened an account with CITbank(1.00%) that went very smoothly. Much better experience.

Mary 23 January 2013 at 9:06 am

TIAA Direct's savings account APY went down to 1.00% for all balance amounts.

Maria - MONEYRATES MODERATOR 15 January 2013 at 10:36 am

Hi Doug, My apologies for the oversight and not responding to your earlier email. Barclays is included in our list. Take a look at our Best Savings Accounts page http://www.money-rates.com/savings.htm. Barclays Online Savings Account is currently listed on the fifth page of our financial institutions list. According to Barclays website they have over 300 years of banking history and currently have banking operations in over 50 countries including the U.S. Barclays Bank Delaware is FDIC insured. Thank you for contacting us!

Jean 14 January 2013 at 9:12 am

I am checking rates and also comments on institutions. I note that none of the comments posted here are past September 2012. It is now January 14 - are there any more current comments?

Norman Ross 7 January 2013 at 5:30 pm

Salem Bank 1.25%

Corey 19 December 2012 at 8:57 pm

Be sure to check credit union accounts. I make my living through a Fortune 500 company that has their own credit union available for us. The regular savings account that I have with them has been earning around 2.4% APY for the past 2 or 3 years. It also has very easy and favorable terms for the everyday common man. Be sure to look into this sort of thing at your workplace if you work for a large company.

Doug 10 December 2012 at 8:51 am

I will ask it again: What is the reason that Barclays is not included on your list?

Monty Berry 5 December 2012 at 5:43 pm

UFB Direct now at the great low rate of .80. I moved money from American Express back in July to UFB when they were at 1.30. Now American Express is higher.

Eric Deleon 20 October 2012 at 12:02 am

Careful with Sallie Mae. They may have a good rate now and then but they can actually "set off" money from any SM account you have if you owe money on student loans from them(which most students are not aware of); banks are not legally required to inform you if they take your money from an account you have with them, only after they have already done so. Technically, if you have a loan from them, you owe them money, but if you have priority payments e.g., rent, utilities, insurance, etc., this can be a pain in the ass. If you have an unpaid loan from Sallie Mae, DO NOT bank with them! Simple rule: "Don't bank where you've got debts."

Dennis Bell 2 October 2012 at 12:32 pm

Don't forget Sallie Mae Bank. Paying 1.05% on savings as of 10/02/12

Sandra H. Myers 30 September 2012 at 2:30 pm

American Express lowered the interest rate after I opened my account and has never paid the advertised rate again. Currently they are advertising .90%. My last statement dated September 1 paid .87%. Shopping now for better rates.

Bill Garrison 27 September 2012 at 8:43 am

I have a pre-paid credit card with a savings account option paying 5% APR. Is that good?

Doug 20 September 2012 at 11:44 am

Why isn't Barclays listed? They have been paying 1% for some time now.

Maria - MONEYRATES MODERATOR 9 September 2012 at 2:46 pm

Hi Tim, Thank you for letting us know that UFB Direct has lowered their MMA rate to 1.10% APY. Deposits for UFB Direct are FDIC insured through BofI Federal Bank. Thanks again!

Tim 6 September 2012 at 9:04 pm

Looks like UFB Direct has lowered their MMA rate to 1.10% APY now.

Alan 17 August 2012 at 1:18 pm

ufbdirect.com currently offering FDIC insured MMA @ $1.30% APY

MARIA - MONEYRATES MODERATOR 8 August 2012 at 5:08 pm

Hannah: Thanks for your comment. Regulation D applies only to certain types of electronic and telephone transactions. Unless otherwise prohibited by the bank, customers should be able to make as many withdrawals as they like from their savings account via in-person transactions such as branch and ATM withdrawals. But to avoid any confusion, I've amended the article slightly to reflect this distinction. You can also find more specifics on Regulation D as it pertains to savings accounts on page 3 of this document from the Federal Reserve: http://www.federalreserve.gov/boarddocs/supmanual/cch/int_depos.pdf Thanks again, Maria

Trudy 27 July 2012 at 4:38 pm

It appears that TIAA Direct is currently not taking on any new accounts.

Hannah 21 June 2012 at 5:54 am

Hi Julie - isn't it a bit misleading to say "There are no limits to the frequency or amount of money you can remove from typical savings accounts."? Regulation D limits the number of withdrawals made per calendar month from US savings accounts to 6. Many customers are confused by this, and it might be helpful to make a note of this in your otherwise excellent overview.

P Smith 3 May 2012 at 12:14 pm

I am currently earning 2.01% on my checking account at Cardinal Bank. They have 27 locatons in VA, DC and MD. There are some stipulations, but who doesn't have them? I could not be happier. Great people to work with and a great rate on balances up to $100K.

Yoni 10 April 2012 at 1:37 pm

I recently spoke with a capital one banker, they have a checking account that offers 1% for the first year provided that you have a minimum balance of 5k. I think I'm going to open one.

Maria - MoneyRates Moderator 25 March 2012 at 4:34 pm

Hi Jim,Thanks for the tip about TIAA Direct which is a division of TIAA-CREF Trust Co, FSB, Member FDIC. We added their products to our rate list. And currently the products are available nationwide. If anyone has any experience with TIAA Direct please submit a comment, we would appreciate hearing about your experience. Thanks!

Maria - MoneyRates Moderator 25 March 2012 at 4:18 pm

Hi Elvis,We often respond directly to the individual who contacts us, however point well taken and we will do our best to respond in our comment section. Thanks for the valuable feedback!

Brown Financial 25 March 2012 at 1:04 pm

What a great comparison of savings account rates!! Had to share this. It's important everyone knows the value of shopping around even when it comes to your bank accounts. Every penny counts these days, why not keep more of your money in your own pocket!

Elvis 20 March 2012 at 10:58 am

Can the focals at Moneyrate verify the top rates suggested by the readers AND give stability information on the bank??????Summary: cardinal - 2.1% upto $100,000 FDIC insured Washington Saving Bank - 1.5%, Massachusettes ONLY ING Direct - 0.9% Electric Orange checking Acct Provident Credit Union(CA) - 2.06% Super Rewards Checking upto $25,000

jim 14 March 2012 at 6:40 am

tiaadirect.com 1.25 % mma

Roz 4 March 2012 at 8:16 am

I see Washington Savings Bank has a 1.50% rate. Can anyone tell me where this bank is located and its contact information.Thanks.

R 8 February 2012 at 5:08 pm

Is AmTrust really capped at $100,000? Their customer service says they pay 1.15% from 5K through 250K. Please call them and verify.

ddofsea 21 January 2012 at 1:28 pm

consumers credit union @ 4 % rewards checking as / of 01 / 21 / 2012

Scott 14 December 2011 at 4:15 am

I received this message from Smarty Pig on December 2:Effective Friday, December 9, 2011, the interest rate paid on SmartyPig savings accounts will be adjusted. The interest rate earned on balances* $0.00 - $50,000.00 will be 0.698% (0.70% APY). The interest rate earned on balances* above $50,000.00 will be 0.499% (0.50% APY). *Balances: For purposes of calculating balances for determination of the rate tier that applies, total balances of all goals within your SmartyPig profile will be aggregated.

Leanna 6 December 2011 at 1:39 am

Discover (the credit card company) has an interest rate of 1.00%, minimum to open is $500, no minimum to earn interest or avoid fees, and is accessed via ACH transfers. I might go with this one because I already have a credit card through them and love them. Their transfers always clear by the same business day.

r2u 22 November 2011 at 12:25 pm

ING rates have dropped again. They are now at .79

Rory 13 November 2011 at 9:10 am

A Credit Union in California ... check out Provident CU which offers approx 2.06% on it's Super Reward Checking a/c - look in 'search function.

Rachel 9 November 2011 at 7:50 am

Linda Thanks for the tip. Just what I was looking for. As a side note, I could not find the special program on their website, but when I chatted with representative and inquired about the special 4 month promotion I was given a link. Thanks again.

Linda 4 November 2011 at 12:32 pm

FlagStar Bank offers an on-line savings account interest rate of 1.25% APR guaranteed for 4 months

Linda 8 October 2011 at 6:44 am

I agree with Susan about Capital One in that Interest rate keeps going down for Interest Plus Online Savings. Was 1% on 9/9 and 0.95% on 9/30 and 0.85% on 10/8. The HIgh Yield Money Market is now down to 0.65%. I am beginning to look elsewhere although no matter whom you go with, your initial "too good to be true" rate will quickly drift. The truth is the banks do not want us to store our cash with them,.All of this depends on how much time and aggravation one is willing to settle for in constantly changing banks.

Carl 2 October 2011 at 12:53 pm

WSFS in Wilmington,De. has a 90 day promotion of 1.24 percent interest

Susan 23 September 2011 at 10:01 am

Capital One slashed its interest rates on September 21, 2011. Its APY on money market accounts plunged to 0.65%. Its APY on Interest Plus Savings Accounts plummeted to 0.85%.

Chris Gallager 11 September 2011 at 12:20 pm

I found a 43 year old federal government employees credit union in Panama offering 4% on regular savings accounts in US dollars. It is called COACECSS, they are the Social Security Employees credit union (over 15,000 members), and they generally do not open accounts for foreigners (non Panamanians), but through this law firm POLS (www.pos-inc.com) I got an introduction and they helped me setup an account.

RightSide 3 September 2011 at 6:18 am

CapitalOne has not failed me. I keep coming here hoping to find something better, but other banks have high minimum balances, require additional accounts, rates that drop off quickly, etc. CapitalOne only requires $1,000 and you earn one of the most competitive rates at any given time. They are always right near the top. That's why I have been with them for 3 years and haven't switched to anyone else.

Joann Kingsley 5 August 2011 at 12:29 pm

Capital One has 1.10% APY for InterestPlus Online Savings Account, $1000 min, no fees plus 10% quarterly bonus on interest

Heather 29 July 2011 at 2:32 pm

First Choice Bank, tiered MMK $2500-$99,999, APY 0.90%; $100,000-$499,999, APY: 1.00%

There 25 July 2011 at 9:19 am

Cinco Credit Union or Kemba Credit Union 3.75% for a checking account, much better rate than these savings accounts listed!

DS. 21 July 2011 at 10:59 pm

Everyone would like the best savings interest rates. Why not cover off-shore banks?I understand you can get 6% - 8% interest in India or other countries. Perhaps even China offered 5% recently since it's key lending rate went up to slow down it's economy.Seriously, we all know about off-shoring. There are just some tricks to get an account or international and legal access (US Laws and Regulations some what interefer).

Brian 14 July 2011 at 8:55 am

Hudson City Savings Bank, NJ...1.05%

Max Brimberg 2 July 2011 at 9:57 pm

Capital One is paying 1.14% to Costco members in a savings account.

ridgewood savings 19 June 2011 at 8:20 am

Money market insured 6/11 bayside NY branch only, 25 k min 1.75% fixed til 12/31/11. six withdrawals per month permitted

fred winer 7 June 2011 at 11:33 pm

you can get 4%/year at communication federal credit union up to 30,000.00 rules are 1.bill paid by draft,2.debit card used 12 times a month,3. 500.00 sent to credit union once a month.phone number for the branch i go to is (918) 665-3760 i forgot to say that the 500.00 has to be sent to the credit union by electronic means.anything over 30000.00 only gets 1%/year.the branch i go to is in tulsa but i believe they have other locations across oklahoma and also in kansas and missouri

RV 2 June 2011 at 1:35 pm

SmartyPig is going down to 1.09% from June 15

Blair 2 June 2011 at 12:42 pm

Smarty pig is about to reduce their APY to 1.10% as of June 15th 2011

Davide Larenzo 4 May 2011 at 4:48 pm

SAC Federal Credit Union in Sarpy and Douglas County, Nebraska offers 3.00% interest to shareholders owning a checking account with a debit/credit card and making at least 12 debit/credit transactions a month. The 3% APY is paid monthly for checking account balances up to $25,000. I believe only residents of the 2 counties qualify for membership.

John Weaver 22 April 2011 at 9:42 pm

Oops, Treasure State Banks Money Market account yields 1.95% APY

John Weaver 22 April 2011 at 9:40 pm

Treasure State Bank, Missoula, MT Terms: $1000 Min., 6 free withdrawals per month Opened Jan 2011 Can be opened by phone, mail, or in bank

Doug R 16 April 2011 at 7:57 am

The Palladian Private Bank has not offered online deposits for some time. Their name should be removed from this list.

Deen 12 April 2011 at 7:02 am

Discover bank rates are also good.

robert kilgour 1 April 2011 at 10:28 am

what is the current rate of interest for a 1 year, 1 1/2 year, and 2 year cd at US Bank

BILL 22 March 2011 at 9:02 am

Presidential Bank has dropped their savings rate from .63 to .50. Second drop this month. Chg acct rates also dropped again from .50 to .38

Blair 11 March 2011 at 1:57 pm

salliemae has reduced to 1.10% smartypig seems to be the best bet right now

Tim 9 March 2011 at 8:22 pm

Hello - the 1.75% rate listed for the AmericaNet Bank MMA acount is no longer available. When you go to their website and click on the MMA account it is showing "Sorry Sold Out" and has shown that for awhile.Thanks for the great website!-Tim

Brittney 7 March 2011 at 12:27 pm

Sallie Mae Bank Online, APY 1.25% Savings Account (variable) opened November 2010, minimum to apply $0

MSaDave 7 March 2011 at 12:08 pm

Many thanks for sharing this helpful information here.

Tom 4 February 2011 at 7:36 am

Leonor: Re NetSpend debit card. You do receive 5% up to a maximum of $10,200, but it will cost you more than that to ever get the money out of the account. That is the trick. My advice: AVOID.

Jim 30 January 2011 at 7:05 pm

Would anyone recommend Customers Bank in PA for the MMA????Thanks.

Leonor 30 January 2011 at 3:28 am

I have a netspend visa debit card that offers a savings account plan that pays 5.00% APY, How is this bank able to offer a higher return than the more recognized banks? Or am I reading the numbers wrong?

Sandra L Ross 23 January 2011 at 3:51 pm

CapitalOne Bank is offering 1.25% interest on Direct Banking Savings accounts. This is an increase from 1.01%. No checking link is required and may be opened with $1.00. A 10% bonus on earned interest is offered if your balance remains above $10,000.00 for the previous three months, and is deposited to your account for the next quarter. In an age where interest rates are extremely low, I find CapitalOne to be consistantly above the rest of its competitors.

Thomas B. 17 January 2011 at 12:23 pm

I am looking for the best savings rates for those with Trust Accounts (living trust). Many of the online savings institutions with FDIC insurance so not authorize trust account applications. Is there a listing of which ones will take trust accounts? Can you add information to your rate listings indicating if they take trust accounts? TUVM

dan 3 January 2011 at 11:08 am

smartypig dropped to 1.35% today

Jen 1 January 2011 at 9:01 am

Soopers Credit Union in Denver Colorado has a Rewards checking account which yields 3.75% APY. The three stipulations are 1. you must have one direct deposit account set up, 2. you must sign up for e-statements, 3. you must use your check card 15 times per month. I think the hard part will be to keep an invisible line between what is to be saved and what is available for spending with keeping your savings in a checking account. But I'm trying at that rate.

Mick Rogers 7 December 2010 at 3:38 pm

American Express Bank has a savings account that is simple yet high yielding (currently 1.3%). No minimum balance required. No fees. They do not require you to open a checking account, mortgage, car loan nor direct deposit. Literally no strings attached. It's ideal for out-of-state use because of the internet. You will need a checking account at whatever bank or credit union that is most convenient for you (probably a credit union because most don't charge to maintain a checking account). You then transfer funds to and from this account as needed via the internet (very easy, convenient and fast). Six (6) withdrawals per month are allowed (this is the same for every savings and money market account in the country mandated by the Federal Government). Then just pay your bills or financial dealings using this checking account which allows unlimited transactions and addition benifits such as free Bill Pay. This is the best deal I could find and even competes very favorably with certificates of deposit without tieing up your funds. CHECK IT OUT

Bernice 24 November 2010 at 1:34 pm

from FirstMerit bank on Orchard ave, they have a savings acct at 1.25% the min. bal required to open is 1.00 for real 1.00 call them 630.907.4500 they are so nice they are 2430 w Indian trail rd in aurora IL

kimmers 12 November 2010 at 6:37 pm

Wachovia offers the way 2 save account. 3% for 1 year, you can put up to $100 a month in the account and you can put additional money in the account every time you buy something with your debit/check card.

frank 12 November 2010 at 12:28 am

Capital One is saying that they will give me 1.3%APY for an online savings account - plus a bonus for depositing. Sounds pretty good to me - am I missing something?

austin 11 November 2010 at 1:58 pm

ing direct's orange savings account has 1.10% APY with no minumum to open.

Walter Galbraith 17 October 2010 at 9:40 am

Hello,There is a bank that has a new money market rate of 2.1 % for deposits under $10,000.00. My Bank First UnitedWalt

Aravind 1 October 2010 at 9:45 am

Evantage Bank's Rewards Checking has been giving me 4.0% for over a year now.... the "catch" is that I need to make 10 checkcard transactions per month (though there is no minimum transaction size, and I can make the transactions over the internet).

CHris 30 August 2010 at 10:53 am

Huntington Bank is currently paying 1.51%.

Praveen 24 August 2010 at 5:01 pm

High-Yield Savings Account by Sallie Mae is giving 1.40% interest, which is higher than all the other banks shown here.

Paul Malley 17 August 2010 at 6:16 pm

SSallie Mae BankHigh-Yield Savings Account by SallieMae Current Rate 1.40 % No minimums No monthly feesSallie Mae Bank at this web address:https://banking.salliemae.com/login.do?_flowExecutionKey=_cF277682F-81DE-3A65-F33C-C8B2FE1D2B48_kA48AE3A9-7840-B5C5-C827-2B9ACB627A17

earlene bacon 2 August 2010 at 11:46 am

security bank offers 1.51% on rewards checking w/10 debits and free atm fees

steve gompertz 17 June 2010 at 2:32 pm

ing direct (https://secure.ingdirect.com) has 1.1% savings and an electronic internet only checking account that is very convenient

Megan 17 June 2010 at 11:48 am

CNBBankDirect is offering 1.25 APY with only a $1 opening minimum balance to earn that rate.

Shari 17 June 2010 at 6:21 am

Dollar Bank of Pittsburgh and local branches in Cleveland, OH offer 2.50% for free money savings.

Lynn Edwards 26 May 2010 at 6:21 pm

Provident Community Savings Bank, 2700 Celanese Road, in Rock Hill, South Carolina offers their Dream Checking account at an over 4% monthly interest rate with balances up to $30,000, There are a few stipulations, like making so many ATM purchases, having one direct deposit and using electronic banking, but this is easy to manage. You can also link a Dream Savings account to this for a 2% rate on savings. Best one I've found so far in this crummy economy! You do have to apply in person, though, so living near the area is a bit of a must.

Dewayne 10 May 2010 at 11:59 am

Charter Bank in GA and AL offer 5.01%APY on checking no min dep. Required: 1 ACH Debit/Deposit, 10 MC Debit Purch, eStatement,. Also refund ATM fees. Think goos thru Sept.

Punjab 3 May 2010 at 1:36 pm

Elsie, can you provide more details regarding this 2% from 5th 3rd. My banker is telling me the highest offered is 1.6%.

elsie 25 April 2010 at 12:35 pm

Fifth Third Bank is paying 2% APY on a savings, min $5000

val 2 September 2009 at 5:15 am

Check out Grand Bank in NJ. Offering 3.20% money market with $50,000 deposit.

Rita 1 September 2009 at 8:41 am

i would like to compare and see which bank in brooklyn has the highest rate on interest

jim angelo 30 August 2009 at 12:00 pm

best money market rates

James 28 August 2009 at 10:13 am

Through Costco online if you are a member there is a 1.75% through Capital One and an incentive for $60 and $40 depending on what membership you hold.

Grant Jacobsen 28 August 2009 at 6:18 am

Freedom Bank (branches in Vienna and Fairfax) has 14-month CD yielding 2.00% APY, minimum $2500, rate current as of 8/18/2009.

linda 27 August 2009 at 12:30 pm

First National Bank in Oneida, Tn is offering 3.56% on a money market

White Chocolate 25 August 2009 at 10:25 am

Shore Bank Direct Rates as of Aug. 25th Savings Rate 2.15%This bank makes it very easy to sign up online just completed opening my account.

Ian 17 August 2009 at 8:02 am

SmartyPig's rate just went down to 2.01%.

James 15 August 2009 at 2:25 pm

Smartypig is lowering their interest rate on its online savings account from 2.75 to 2.01 on August 17th. That's quite a drop, but I guess we all knew they couldn't keep paying more then 1 point interest then their closest competitors.

Clark Schultz 14 August 2009 at 2:52 pm

Please take a look at the 2 yr CD rates on this page: http://www.money-rates.com/cdrates.htm

charles burton 14 August 2009 at 12:47 pm

I opened saving account online with (Bank of Internet) that I funded with local checking account (100.00) min. to find out that new account is not linked for online transfers. What good is a Bank of Internet account if you have to use snail mail to transfer funds! Beware there is also a $25.00 fee if you withdraw funds before 90 days.

huili liu 14 August 2009 at 6:58 am

Please provide me with the best savings or less than 2 year cd rate. Thanks.

kanty 10 August 2009 at 5:03 am

Need to know checking account intrest and MMA account rate

Ronnie 24 July 2009 at 2:58 pm

I opened a MMA and Savings account @ Discover Bank from their online signup. Then registered to be able to access the accounts and was provided a screen that said it would be 2-3 business days before I would be provided an e-mail with the access info. I called their support number and was told they had to manually process every application and they were several days behind and there was nothing they could do. Advice... if you open an account with Discover Bank make SURE you only fund the minimum amount to open the account and expect it to take a while to really have the account setup.

sonia 19 July 2009 at 11:10 pm


angie 19 July 2009 at 7:03 pm

Try CapitalOne online savings 1.75% 10K min, or MM 1.40% any amount. I opened last year and yes I observe everybody is lowering rates lately. Still better than local banks offering less than 0.5% for savings. Aloha :D

Paul Chien 10 July 2009 at 9:41 am

Could not get a straight answer from SMARTY PIG on POD for account. Had to call their bank in the Mdwest directly and they informed me no PODs are allowed on SMARTY PIG CDs because they are not considered regular CD's but transaction accounts instead.

Robert 8 July 2009 at 7:00 pm

How come Darby Direct can restrict it's higher-interest rate (2.5 %) "available to Georgia residents only? Isn't that inconsistent with Article IV, Section 2 of the Constitution?Section 2 - State citizens, ExtraditionThe Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.

Micah 7 July 2009 at 9:23 pm

Timberland Savings Bank offers a rate of 4% on a balance of up to 25,000 dollars. The minimum to earn this apy is one dollar. The terms required e-statements instead of paper statements, and you must use your debit card at least ten times every month. They have 22 branches in Southwest Washington State.

Joe bardi 5 July 2009 at 3:25 pm

wher,e,s my highest rate bank.

ena 1 July 2009 at 1:54 pm

Just found out that you can't withdraw from a Smartypig.com account unless you close it. Not good.

Donna 1 July 2009 at 7:09 am

I would like to know who has the best interst rate on Money market accounts in my area. Sun Trust drop from 2% to .92% and continuing to drop. If anyone has good infromation I would love to hear from you.Thank you, Donna

Leo Marks 30 June 2009 at 3:47 pm

Give us the 10 highest rates avialiable now?????? Leo Marks`

Erno Balogh 27 June 2009 at 4:43 am

Please advise of the best money market rates in the local banks.

Farmers State Bank 26 June 2009 at 8:31 am

3.51% on firsst $25000 in checking then 1.01% after. Requires electronic banking w/ 10 debit card purchases and once/month check account on line w/ online statements. Website www.farmersstatebankmn.com

Sam 25 June 2009 at 6:00 am

amtrustdirect.com still has 2% on their Premium e-MMA

Carolyn McCance 24 June 2009 at 10:24 am

SmartyPig has an online savings account program that pays 2.75% with FDIC coverage

JEANNE SHIELDS 23 June 2009 at 5:54 pm


cesare stefanelli 17 June 2009 at 7:41 pm

Need Best Interest Rate for Moneymarket Account for a Closing Trust Account $500,000 to $1,000,000 ave bal app.