Best Money Market Accounts of 2025
Written by
Caitlyn Moorhead
Edited by
Joe Evans
If you’re hunting for the best money market accounts in December 2025, you’re trying to thread a tricky needle: grab a strong yield while rates are drifting lower after the Fed’s cuts this year.
Based on a mix of bank websites and major rate trackers, top money market accounts today pay in the ballpark of 4.10% to 4.25% APY, while the national average money market rate is still under 1%.
That gap is where your opportunity lives.
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TOP 10 WINNERS
Bank/Institution
Ratings
Money Market Account APY
Key Highlights
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Best for Great APYs
Up to
Low Monthly Fees
Online Banking
FNBO Direct Money Market Account
Discover® Bank, Member FDIC, Money Market Account
Best for Online Banking
Up to
Money Market Accounts
Checking Accounts
Discover® Bank, Member FDIC, Money Market Account
Best for Mobile Banking
No Overdraft Fees
No Minimum Deposit
BankUnited Money Market Accounts
Best for Multiple Accounts
Up to
Checking Accounts
CD Accounts
First Internet Bank Money Market Account
Best for Great APYs
Low Monthly Fees
CD Accounts
Sallie Mae Bank Money Market Accounts
Best for Mobile Banking
Up to
Low Monthly Fees
Great APYs
Texas Capital Bank Money Market Accounts
Best for No Overdraft Fees
Up to
High-Yield Savings Accounts
Great APYs
EverBank Money Market Accounts
More About the Best Money Market Accounts
Best For
Money Market Accounts
Online Banking
Great APYs
Mobile App
Low Monthly Fees
Start Saving With Just $100
Vio Bank's Cornerstone Money Market account was named as the Best of 2025. Open with $100, enjoy no monthly fees (with e-statements) and earn competitive interest while automating savings.
Fees
$5 monthly fee with paper statements
APY
Min Opening
$100
Pros
- Higher interest rate than most money market accounts
- Minimum deposit of $100
- No monthly feeÂ
Cons
- External transfers to another bank may take longer
- No check writing capabilitiesÂ
- No physical branchesÂ
Why We Like Vio Bank
VIO Bank's Cornerstone Money Market account is the best option on the market. It's affordable since the minimum deposit is $100 and the payoff is APY.
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SILVER WINNER
Best For
Money Market Accounts
Mobile App
Online Banking
Great APYs
Low Monthly Fees
No Minimum Deposit Required
FNBO Direct's Online Money Market Account offers tiered rates and easy 24/7 access to your money.
Fees
$5 for each withdrawal beyond six per month
APY
Up to
Min Opening
$0
Pros
- High APY - up to
- No monthly maintenance fee
- No minimum deposit
Cons
- No physical access
- No ability to conduct in-person transactionsÂ
Why We Like FNBO Direct
FNBO Direct's Online Money Market Account offers a tiered APY ranging from to , depending on the account balance. The account features no monthly service fees or minimum deposit requirement, making it accessible for various savers.
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Best For
Online Banks
CD Accounts
Money Market Accounts
Checking Accounts
Mobile App
No-Fee Money Market Account
Discover Bank's money market account offers a way to grow your funds with no monthly fees, making it a versatile savings tool.
Fees
No monthly service fee
APY
Contact bank
Min Opening
N/A
Pros
- No monthly service fees
- Free online bill pay and stop payment orders
Cons
- Need a higher balance to get the best rates
Why We Like Discover Bank
Discover's money market account has the best of both worlds: interest with the convenience of a checking account, including ATM and debit card access. This makes your money easy to manage -- all without monthly fees.
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Where It Stands Out
Online Banking
CD Accounts
Money Market Accounts
No Fees
Great APYs
Minimum Opening Deposit of $0
Ally Bank's money market account has the benefits of both a checking and savings account since you can earn interest and receive free standard checks.
Fees
$0
APY
Min Opening
$0
Pros
- Debit card availability
- No monthly fee
- No maintenance fee
- Competitive interest rateÂ
- Free checks
Cons
- No physical branches
- No ability to deposit cash
- Some limits may apply on certain transactions
Why We Like It
Ally Bank's money market account offers competitive interest rates with no monthly maintenance fees or minimum balance requirements. It provides flexibility with check-writing, debit card access, and FDIC insurance for security. However, it lacks physical branches, does not accept cash deposits and some online banks may offer slightly higher rates. This account is ideal for those who prefer online banking with accessible funds and solid returns.
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Best For
Money Market Accounts
Mobile App
No Overdraft Fees
Low Monthly Fees
No Minimum Deposit
APY With Unlimited Access
BankUnited's money market account offers a standout APY, unlimited transactions and ATM access, though the $2,500 minimum deposit and monthly fee may not fit all budgets.
Fees
$15, waivable
APY
Min Opening
$2,500
Pros
- Competitive APYÂ
- FDIC insured
- Unlimited transactions
Cons
- High minimum deposit
- Monthly maintenance fee is high if you cannot waive it
- APY is variable
Why We Like BankUnited
BankUnited offers a money market account with a competitive APY, access to ATMs and unlimited transactions.
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Best For
Checking Accounts
CD Accounts
Money Market Accounts
Mobile App
Online Banking
ATM Fee Reimbursement
First Internet Bank's Money Market Savings account offers a competitive APY for balances under $1 million, with up to $10 monthly ATM fee reimbursements.
Fees
$5
APY
Up to
Min Opening
$100
Pros
- ATM fee reimbursement is available for some transactions
- Competitive APY
- Low minimum opening deposit requirement
Cons
- High balance requirement to earn the highest yield
- Must maintain a balance of $4,000 to waive the monthly fee
Why We Like First Internet Bank
First Internet Bank's Money Market Savings account earns more for your money with a APY, which is six times the national average.
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Best For
Money Market Accounts
CD Accounts
Online Banking
Low Monthly Fees
Min. Balance to Earn APY $0
Sallie Mae Bank's money market option is a solid option with a high APY and check-writing capabilities.
Fees
No monthly service fee
APY
Min Opening
$0
Pros
- Competitive APY rate
- Check writing privileges
- No minimum balance requirements
Cons
- No comprehensive financial product lineup
- Limited physical branchesÂ
- No ability to deposit cashÂ
Why We Like Sallie Mae Bank
The lack of a minimum balance requirement will be an incentive for anyone who wants to start saving money with Sallie Mae Bank's money market account.
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Best For
Money Market Accounts
Mobile App
Great APYs
Low Monthly Fees
No Minimum Deposit
No Fees, Competitive APYs
Texas Capital Bank's money market account offers competitive APYs, no monthly fees and tiered interest rates that reward higher balances, making it a strong choice for savers.
Fees
No monthly service fee
APY
Up to
Min Opening
$500
Pros
- Competitive APYs
- No monthly service charge
- Tiered interest rate
- One of GOBankingRates 2025 Money Market winners
Cons
- Higher balances are needed to access higher interest rates
- Limited physical branches
- The account requires at least $500 to earn interest
Why We Like Texas Capital Bank
Texas Capital Bank's money market account has competitive APYs and allows individuals to access funds. The absence of monthly fees is why GOBankingRates voted it one of the Best Money Market Accounts for 2025.
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Where It Stands Out
Money Market Accounts
High-Yield Savings Accounts
Great APY
Low Monthly Fees
No Overdraft Fees
Grow Your Money Faster with a Money Market Account
EverBank Performance Money Market Accounts provide customers with some of the highest interest rates around and don't charge monthly maintenance fees.
Fees
No monthly maintenance fees
APY
Min Opening
$0
Pros
- Competitive APYs
- Check writing and debit card access
- No minimum opening deposit
- No monthly maintenance fees
Cons
- Limited physical branches
- Lower APY for smaller balances
Why We Like EverBank
EverBank's Performance Money Market Account offers competitive interest rates, especially for balances of $10,000 and above, with an APY of . The account provides convenient access to funds through check-writing capabilities and a debit card, and it does not charge monthly maintenance fees.
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Where It Stands Out
CD Accounts
Money Market Accounts
Online Banking
Great APYs
Low Monthly Fees
Flexible Savings With ATM Access
Synchrony Bank's Money Market Account offers a competitive APY, no fees and no minimum balance requirements. With check-writing and ATM access, it combines flexibility and savings.
Fees
- $25 per wire transfer
- Free for Diamond status -- 3 per cycle
APY
Min Opening
$0
Pros
- FDIC insured
- Competitive interest rates
- Flexible access to funds
Cons
- No physical branches
- Variable interest ratesÂ
- Transaction limitsÂ
Why We Like Synchrony Bank
The Synchrony Bank Money Market Account offers a competitive APY of with the ability to write checks and withdraw money. However, Synchrony Bank is online only; if you prefer to do banking in person, this option may not be the best fit.
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Research Methodology
To determine the Best Money Market Accounts of 2025, GOBankingRates analyzed the following factors from all banks (excluding neobanks): (1) total assets as sourced from the FDIC; (2) number of branch locations as sourced from the FDIC; (3) minimum deposit to open an account; (4) APY on the money market account; (5) the minimum balance needed to earn the APY; (6) monthly money market fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); and (7) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1) and (2) were weighed 0.5 times, and factor (4) was weighed 4 times. All products and offerings had to be available as of Nov. 1, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 23, 2025.
Today’s Money Market Snapshot — Dec. 23, 2025
| Product type | Today’s representative APY | Typical minimum | What it tells you |
|---|---|---|---|
| Top money market account (online) | Up to about 4.25% APY at select online banks like Quontic and Zynlo | Often $0 to $100 | High-yield MMAs still pay several times more than most branch accounts |
| National average money market rate | About 0.58% APY (FDIC data for November 2025) | Varies by bank | Most savers at big banks are earning well under 1% on cash |
| Top high-yield savings account | Around 4.35% APY at a few online banks like Newtek Bank | Often $0 minimum | Savings rates remain very competitive with MMAs for many balances |
Top 5 Money Market Accounts Today
Here are five of the strongest nationally available money market accounts as of December 17, 2025. Always double-check the bank’s site before you apply, since APYs can change at any time.
| Rank | Institution | Account name | APY today* | Minimum to open | Key highlight |
|---|---|---|---|---|---|
| 1 | Quontic Bank | Money Market Account | 4.25% APY | $100 | Very high APY, no monthly fee, debit card + check-writing |
| 2 | Zynlo Bank | Money Market | 4.10% APY | $0 | Strong rate, no fees or minimums, unlimited transactions |
| 3 | CFG Bank | High Yield Money Market | 3.90% APY | $1,000 | Consistently competitive yield from a niche high-rate bank |
| 4 | Sallie Mae Bank | Money Market Account | 3.70% APY | $0 | High APY with no monthly fee, check-writing access |
| 5 | Vio Bank | Cornerstone Money Market | 3.77% APY | $100 | Low minimum, strong rate, no monthly fee |
*APYs are rounded snapshots from bank sites and major rate trackers as of mid-December 2025. Your exact rate may vary by date or balance.
Why These 5 Money Market Accounts Stand Out
1. Quontic Bank Money Market – Best Overall High APY
Quontic’s money market account continues to sit near the top of national leaderboards, advertising 4.25% APY across all balance tiers with a minimum opening deposit of just $100 and no monthly maintenance fee.
- FDIC-insured up to $250,000 per depositor, per account type
- Comes with a debit card and check-writing, so it functions like a hybrid checking/savings account
- Best For: Savers who want a top-tier yield plus everyday access without a complex fee structure
2. Zynlo Bank Money Market – Best For Unlimited Transactions
Zynlo’s money market account advertises 4.10% APY, no monthly fees, no minimum balance and no transaction limits, which is unusual in the money market world.
- Online-only bank backed by an FDIC-insured parent institution
- No minimum deposit to open and no cap on transfers
- Best For: People who want high yield plus the freedom to move money frequently
3. CFG Bank High Yield Money Market – Best For Rate Chasers Who Don’t Mind a $1,000 Minimum
CFG Bank’s High Yield Money Market currently pays 3.90% APY on balances of $1,000 or more.
- $1,000 minimum to open and earn the APY
- No check-writing on the online version, but you can add deposits anytime
- Best For: Savers comfortably maintaining a $1,000+ balance to secure a top rate
4. Sallie Mae Money Market – Best For Check Writing
Sallie Mae’s money market account pairs 3.70% APY with no minimum deposit or monthly fee, plus check-writing capabilities.
- FDIC-insured bank, no maintenance fees
- No debit card, but you can write checks from the account
- Best For: Savers who still write the occasional check and want a strong yield
5. Vio Bank Cornerstone Money Market – Best For Low Minimums
Vio Bank’s Cornerstone Money Market offers about 3.77% APY on all balances with a $100 minimum to open and no monthly fee.
- Online only; no physical branches
- No debit card or checks, but solid rate and daily compounding
- Best For: Rate shoppers who don’t need branch access or a debit card
What Is a Money Market Account and How Does It Work?
A money market account (MMA) is an interest-bearing deposit account that behaves like a blend of savings and checking:
- You earn a variable APY on your balance
- You can usually access money via transfers, ATM card or limited check-writing
- Your deposits at banks are FDIC-insured up to $250,000 per depositor per institution and at credit unions are protected by the NCUA
Unlike money market mutual funds, which are investment products, MMAs are bank deposits. Your principal doesn’t fluctuate with the market, though the interest rate can move up or down over time.
How Today’s Best Money Market Rates Compare
Even after several Fed rate cuts this year, the spread between the best and average MMAs is still huge:
- Top money market APY today: about 4.25% APY, according to Curinos data cited by Forbes
- National average money market rate: about 0.58% APY based on FDIC national rate data
That gap really adds up:
- At 0.58% APY, $25,000 earns roughly $145 in a year
- At 4.10% APY, that same $25,000 earns about $1,025 in a year before taxes
Over time, that difference is one of the quiet ways savers either fall behind or pull ahead.
Pros and Cons of Money Market Accounts
Pros
- Can earn significantly above the national average when you pick a top online bank
- FDIC or NCUA insurance on deposits up to legal limits
- Often include debit card and/or check-writing
- Easy to link to your main checking for fast transfers
Cons
- Rates are variable and may fall if the Fed continues cutting
- Some banks require higher minimum balances to earn the best APY
- Withdrawal or transaction limits may apply, especially at traditional banks
- Branch-based MMAs often pay close to the national average, not headline yields
Money Market vs High-Yield Savings vs CDs
Use this quick comparison to decide where your next dollar should go:
| Account type | Typical APY range (Dec 2025) | Access to funds | Best for |
|---|---|---|---|
| Top money market account | about 3.5% to 4.25% APY | Transfers, often ATM + checks | Balances you may tap but still want to grow fast |
| High-yield savings account | about 4% to 4.35% APY at top banks | Transfers, no checks | Emergency funds you move less often |
| Short-term CDs (6-12 months) | Roughly 3.75% to 4.15% APY at leading banks | Locked until maturity or penalty | Cash you can park for a known timeframe |
If you need easy access with the option to write checks or use a debit card, a top money market account is usually a better fit than a CD. If you don’t care about checks and just want the highest yield, a top savings account may edge out an MMA.
Final Take to GO: Are Today’s Best Money Market Accounts Worth It?
Right now, the spread between average and top-tier money market accounts is still huge. Leaving your savings in a big-bank MMA near the 0.58% national average means watching your cash crawl, while moving to a high-yield money market near 4.00% to 4.25% APY can multiply your interest with almost no extra effort.
If you want easy access, FDIC insurance and the option to write checks or use a debit card, a high-yield money market account at an online or niche bank is hard to beat. Just be ready to move again in a few months if rates fall or a new top account appears.
Before you decide, compare at least two of the banks on today’s Top 5 list against your current account. If your rate is more than a percentage point lower, it may be time to make a switch and put your idle cash back to work.
FAQ: Best Money Market Accounts in December 2025
Money market accounts may not be as well-known as checking or savings accounts, so it's natural to have questions. Here are answers to some of the most common ones:- What is the best money market rate available today?
- Major rate trackers show the highest broadly available money market APY around 4.22% as of Dec. 23, 2025, although some banks like Quontic are still advertising 4.25% APY on their own sites. Always confirm the latest APY directly with the bank before you open an account.
- Are money market accounts safe?
- Yes. Bank money market accounts are FDIC-insured up to $250,000 per depositor, per insured bank, per ownership category and credit union MMAs are protected by the NCUA. That protection is backed by the U.S. government and is separate from any investment accounts you may have.
- How do I pick the best money market account for me?
- Focus on four things: APY, minimum balance, fees and access. Look for an account paying near the top of today’s range (around 4%+), with no monthly fee, a minimum you can comfortably maintain and the access you want (online only vs branch, debit card or checks).
- How often do money market rates change?
- Top MMAs can change weekly or even daily when banks adjust to moves in short-term interest rates. Rate trackers currently show rates drifting down slowly after the Fed’s 2025 cuts, but many online banks still pay several times the national average.
- Is a money market account better than a savings account right now?
- It depends on how you use your cash. High-yield savings accounts sometimes edge out MMAs on APY, while MMAs often add check-writing or debit card access. In December 2025, both top MMAs and high-yield savings accounts are offering around 4% to 4.35% APY, so the right choice comes down to access features and minimums rather than just the rate.
More Resources for Banking
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All information about Discover® Cashback Debit & Discover® Money Market Account has been collected independently by GOBankingRates. Discover® Cashback Debit & Discover® Money Market is no longer available through GOBankingRates.
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Heather Taylor, Daria Uhlig, Dawn Allcot, John Csiszar and Gabrielle Olya contributed to the reporting for this article.
