Chase Money Market Account: Everything You Need To Know

Chase Bank on Vine Street in Los Angeles California
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In addition to its extensive credit card offerings, Chase offers several deposit accounts, and new customers sometimes have an opportunity to earn an attractive bonus when opening an account. If you’re looking for an interest-bearing account and wondering whether Chase offers money market accounts, here’s what you need to know.

Does Chase Offer Money Market Accounts?

Chase does not currently offer money market accounts, so if you were wondering about Chase’s money market rates, you wouldn’t find any on its website. However, it does provide checking and savings accounts and CDs. 

Does Chase Have a High-Yield Savings Account?

Chase doesn’t currently offer a high-yield savings account. The Chase Savings account has an APY of . The highest APY you can earn on a Chase Premier Savings account is a relationship rate of .

What Is the Best CD Rate at Chase?

The best Chase CD rate you can get is APY. This rate applies to CDs with a term of six months and a minimum balance of $100,000. You must have a linked Chase personal checking account to qualify for this relationship rate.

Which Financial Institutions Have Money Market Accounts?

Even though some financial institutions — such as Chase — don’t offer a money market account, you can find plenty of high-yield money market alternatives, including the following:

Vio Bank Cornerstone Money Market Savings: APY

Vio Bank states that it regularly monitors APYs of competing financial institutions to ensure it’s providing customers with one of the best APYs available, which probably explains why this account has one of the highest APYs you can find. You can open a Cornerstone Money Market Savings account with as little as $100. Avoiding a monthly fee is as easy as electing not to get paper statements.

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Zynlo Bank Money Market: Up To APY

With a Zynlo money market account, you can perform unlimited transactions without paying penalties or fees. The minimum opening deposit requirement is only $10, and you don’t have to maintain an account minimum. However, this account does come with an APY cap, and you only earn the high-yield APY on balances up to $250,000. A APY is applied to the balance exceeding the cap.

UFB Direct High Yield Money Market: APY

You must maintain a balance of at least $5,000 to avoid UFB Direct’s $10 monthly maintenance fee, but you’ll earn the same high-yield APY no matter your account balance. The account comes with check-writing privileges, and you can easily manage your account, including making mobile check deposits, with the UFB Direct app.

TotalDirectBank Direct Money Market Deposit Account: APY

TotalDirectBank has one of the higher APYs you can find, but the account does have stricter requirements than some other banks. You must maintain a $2,500 balance to earn the high-yield rate, and the minimum opening deposit requirement is $25,000. You’re limited to six penalty-free monthly transfers and withdrawals, but the account has no monthly maintenance fee.

Brilliant Bank Surge Money Market: APY

With the highest APY on this list, a Surge Money Market account is available to new Brilliant Bank depositors. The account requires a minimum opening deposit of $1,000 but has no balance cap on earning the high-yield APY.

Quontic Bank Money Market: APY

Quontic’s Money Market account comes with a debit card for easy account access. However, you’ll pay a $10 excessive transaction fee for every transaction over the account’s monthly limit of six. There is no monthly maintenance fee, and the minimum opening deposit requirement is only $100.

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All America Bank Mega Money Market Checking: APY

The Mega Money Market Checking account’s high-yield APY only applies to balances up to $100,000, but there is no minimum balance requirement. The account comes with a Mastercard debit card, but you must be mindful of the six-transaction limit on withdrawals and transfers to avoid penalties. You also get 10 free monthly online bill pay transactions. The minimum opening deposit requirement is $500.

Redneck Bank Mega Money Market: Up To APY

Redneck Bank has no minimum balance requirements to earn the account’s high-yield rate, but the rate only applies to balances up to $100,000. Any remaining balance only earns a APY. The minimum opening deposit requirement is $500. The account comes with a debit card and bill pay, although there are monthly transaction limitations you must heed to avoid penalties.

EverBank Yield Pledge Money Market: Up To APY

New EverBank customers get a one-year introductory fixed APY of when opening a Yield Pledge Money Market account. After the first year, your account balance will determine the APY. EverBank’s tiered rates range from to APY. You get an ATM card and checks with this account. You also get ATM fee reimbursements if you maintain a $5,000 balance. There is no monthly maintenance fee, and you can open an account with any amount.

Considerations When Choosing a Money Market Account

Before choosing a money market account, compare the account features and requirements of several financial institutions. You want to select an account suitable for your needs, with requirements you can meet and without steep fees. So consider the following before choosing a money market account:

  • APY, including any restrictions or caps
  • Minimum opening deposit requirement
  • Minimum monthly balance requirements
  • Monthly service fee
  • Account access options, such as checks or an ATM card
  • Withdrawal limits and fees
  • FDIC- or NCUA-insured
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High-Yield Savings Account Options

Many money market accounts come with check-writing or online bill pay privileges, and some provide a debit or ATM card for easy access to your money. Some also have high minimum balance requirements to earn the high-yield rate.

With online banking, a high-yield savings account is as easy to access as a money market account. You simply transfer money from savings to checking when needed. You can find several high-yield savings options with excellent APYs, and many have no fees or minimum balance requirements. The following high-yield savings accounts have an APY as high or better than many money market accounts:

Account APY
Popular Direct Select Savings
BrioDirect High-Yield Savings
TAB Bank High Yield Savings
EverBank Yield Pledge Online Savings ongoing APY; introductory APY (1 year)
Bread Savings High-Yield Savings
Upgrade Premier Savings
CIT Bank Platinum Savings
Laurel Road High Yield Savings


You can’t currently open Chase money market accounts. However, you can find many alternatives through other financial institutions with high-yield APYs, no monthly maintenance fees and easy-to-meet balance requirements. When comparing money market accounts, you may also want to look into high-yield savings offerings since the rates on these two types of accounts are comparable right now. Whichever type of account you choose, make sure you understand all account requirements and any applicable fees so you can earn the most that you can on your money.


  • How much does it cost to open a money market account with Chase?
    • Chase money market accounts are not currently available. It does offer checking accounts, savings accounts and CDs.
  • Does JPMorgan Chase have money market funds?
    • Yes, you can invest in money market funds with a J.P. Morgan Self-Directed account. A money market fund is a type of mutual fund and not a deposit account like a money market account.
  • Which bank has the highest money market rate?
    • Some of the highest money market rates you can find right now include the following:
      • Brilliant Bank: 5.35% APY
      • Vio Bank: 5.30% APY
      • TotalDirectBank: 5.26% APY
      • UFB Direct: 5.25% APY
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Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Nov. 9, 2023.

Rates may vary by region. To verify rates in your area, check the bank’s website for details.

The information related to Chase savings accounts and CDs was collected by GOBankingRates and has not been reviewed or provided by the issuer of these products. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for these products.


Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Chase.


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