Money Market Account Rates Today: Best APYs for March 2026
Written by
Caitlyn Moorhead
Edited by
Joe Evans, CFHCâ„¢
The best money market accounts right now are still paying far more than the national average.
As of April 1, 2026, several top accounts are offering around 3.8% to 4% APY, compared with the FDIC national average of 0.56% for money market accounts.
That gap means moving your cash from a low-yield account to a stronger money market account could make a noticeable difference in what you earn over a year. Many of today’s better options also come with low minimum deposits, no monthly maintenance fees and useful access features like debit cards, checks or ATM access.
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TOP MONEY MARKET ACCOUNTS
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Money Market Account APY
Key Highlights
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Winner for 2026 Best Money Market Accounts
3.8% *
Mobile App
Best Money Market Accounts Winner
Finalist for 2026 Best Money Market Accounts
Up to
Money Market Accounts
Loan Options
Finalist for 2026 Best Money Market Accounts
Up to 2.25%
Money Market Accounts
Low Monthly Fees
Finalist for 2026 Best Money Market Accounts
Up to 3.09, 3.64 for daily balances above $1,000,000
Online Banking
Money Market Accounts
Finalist for 2026 Best Money Market Accounts
3.25% to 3.55%
Low Monthly Fees
Money Market Accounts
Finalist for 2026 Best Money Market Accounts
Up to 3.55%
Money Market Accounts
Low Monthly Fees
Finalist for 2026 Best Money Market Accounts
Up to 2.25%
Money Market Accounts
Great APYs
Finalist for 2026 Best Money Market Accounts
Up to 3.71%
Money Market Accounts
Regional Bank
Finalist for 2026 Best Money Market Accounts
Up to
Money Market Accounts
Great APYs
More About the Best Money Market Accounts
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
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 3.09% APY on balances up to $1 million and 3.64% APY on balances above $1 million, with a $100 minimum opening deposit.
Fees
$5 monthly fee, waivable with a $4,000 average daily balance
APY
3.09% on balances of $1 million or less, 3.64% above $1 million
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
This is one of First Internet Bank's better deposit products for customers who want to earn more on cash while keeping access relatively flexible. As long as you can meet the balance requirement to avoid the monthly fee, it offers a more compelling yield than the bank's standard savings account.
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Best For
Mobile App
No Minimum Deposit
No Overdraft Fees
Low Monthly Fees
Tiered Rates and Check Writing
FNBO's money market accounts offer flexibility with tiered rate offerings and check-writing, but higher APYs require a checking account and higher balances.
Fees
No monthly service fee
APY
Up to
Min Opening
$1,000
Pros
- Variety of money market accounts to choose from
- Check writing privilegesÂ
- Earn higher rates with relationship-checking
Cons
- Limited geographic locations
- Higher balance requirements for top APYs
- No debit card
Why We Like It
There are a variety of choices for money market accounts at FNBO, but you only benefit from higher APYs if you have an already established checking account.
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Best For
Money Market Accounts
CD Accounts
Online Banking
Low Monthly Fees
Manage Your Account Online
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
- Check writing privileges
- No minimum balance requirements
Cons
- 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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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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Best For
National Banks
Branch Locations
Mobile App
Students
Low Fees
High APY Yield Up to
U.S. Bank's Elite Money Market Account requires only a $100 minimum deposit to open, offers check-writing privileges and has options to waive the $10 monthly fee for customers.
Fees
$10, waivable
APY
Up to
Min Opening
$100
Pros
- Qualifying new accounts earn up to
- $100 minimum opening deposit
- Check-writing privileges
Cons
- Need $25,000 to earn best rate
- Low APY rate for balances under $25,000
- Need a high balance to waive monthly fee
Quick Take
The Elite Money Market Account has a high maximum APY, but bank customers with less than $25,000 in savings are better off with Bank Smartly Savings.
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Best For
Customer Service
Regional Banks
Decent APY
Minimal Fees
Money Market Options
If you have a larger balance, UMB offers a competitive APY
UMB's money market account is a feasible way to earn extra cash on your existing funds, and those who have more than $10,000 to invest will benefit.
Fees
$10 to $11 monthly, waivable with a qualifying balance
APY
Up to 3.51% APY, while UMB currently promotes 3.71% APY on new balances of $10,000 or more
Min Opening
$100
Pros
- Higher balances earn a competitive APY
- Low minimum depositÂ
- FDIC-insured
Cons
- Lower balances don't earn as much in terms of APY
- Rate is variableÂ
- Transactions are limitedÂ
Why We Like It
UMB Bank offers a money market account that has a low minimum deposit of $100, and if balances are over $10,000, you can earn a 3.51% APY.
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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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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.
Money Market Snapshot — Today’s Landscape
This snapshot shows how top accounts compare with the broader market today. The strongest published rates are clustering around 3.8% to 4% APY, while the FDIC’s national average remains 0.56%.
| Category | APY Today* | Typical Balance | What It Means |
|---|---|---|---|
| Top MMA rates | ~3.8% to 4% | $0 to $100,000+ | Highest widely published yields |
| Mid-tier accounts | ~2% to 3.5% | $0 to $25,000+ | Solid returns, but not market-leading |
| FDIC national average | 0.56% | Any balance | Typical branch-bank rate |
*Rates are variable and may change at any time.
Quick Takeaway: The best money market accounts are still dramatically outperforming the national average, and many no longer require a large balance to stay competitive.
Best Money Market Accounts Right Now
Here are several currently competitive money market accounts:
| Bank | APY | Minimum/Key Balance | Best For |
|---|---|---|---|
| Quontic Bank | 4% APY | $100 minimum deposit | Highest published rate |
| ZYNLO Bank | 3.9% APY | $0 minimum deposit | Strong yield with no opening minimum |
| Redneck Bank | 3.85% APY | $500 minimum deposit | High yield up to $100,000 |
| EverBank | 3.8% APY | $10,000+ for top APY | Large balances with no monthly fee |
Key Insight: The best money market accounts right now are competitive even without a jumbo balance. In many cases, you can earn close to the top of the market with a modest opening deposit or no minimum at all.
How Much Can a Money Market Account Earn?
Even a small APY difference can add up over time. Here is what a $25,000 balance could earn in one year at several current rate levels. These are simple annualized examples based on published APYs.
| APY | Estimated Interest on $25,000 in 1 Year |
|---|---|
| 0.56% | $140 |
| 3.80% | $950 |
| 3.90% | $975 |
| 4.00% | $1,000 |
At a $25,000 balance, moving from the national average of 0.56% to a 4.00% money market account boosts annual interest from about $140 to about $1,000. That is a difference of roughly $860 per year.
What To Look For in a Money Market Account
The best money market account is not always the one with the highest APY. You should also compare:
- Minimum deposit requirements
- Monthly maintenance fees
- Balance tiers
- Check-writing or debit card access
- ATM access
- FDIC or NCUA insurance coverage
Some accounts trade flexibility for yield, while others combine competitive rates with easy access to your cash. Quontic offers a debit card and access to 90,000 surcharge-free ATMs, Redneck Bank includes six free debit transactions per month and EverBank offers a debit card plus checks on request.
Money Market Accounts vs. Savings Accounts
Money market accounts and savings accounts are similar, but they are not identical. A money market account may offer features that look more like a checking account, including check-writing or debit card access. The tradeoff is that some money market accounts have balance tiers or transaction limits that do not apply the same way to standard savings accounts.
| Feature | Money Market Account | Savings Account |
|---|---|---|
| APY | Similar or slightly higher in some cases | Often very competitive online |
| Access | May include checks or debit card | Usually fewer access tools |
| Minimums | Sometimes higher | Often low |
| Flexibility | Moderate | Moderate |
Key Takeaway: The biggest difference is usually access features, not always the interest rate itself.
Are Money Market Accounts Safe?
Yes. Money market accounts at insured banks are typically FDIC-insured up to $250,000 per depositor, per ownership category and per institution. That makes them a relatively safe place to hold cash while still earning interest.
Final Take to GO
The best money market accounts in April 2026 are still offering around 3.8% to 4% APY, far above the 0.56% national average. Most of today’s strongest options also keep fees low and minimums manageable.
If your savings are still earning under 1%, switching to a high-yield money market account could meaningfully increase your annual interest without taking on market risk.
Money Market Accounts FAQ
- What is the best money market account right now?
- As of April 1, 2026, the strongest widely published money market accounts are offering around 3.8% to 4% APY. Quontic is currently advertising 4.00% APY, while several other competitive accounts are close behind.
- Are money market accounts better than savings accounts?
- They can be, depending on what you want. Money market accounts may offer similar yields to savings accounts, but they can also include extra access features like debit cards, checks or ATM access.
- Are money market accounts safe?
- Yes. Money market accounts are typically FDIC-insured up to $250,000 per depositor, per ownership category and per institution when they are held at insured banks.
- Do money market account rates change?
- Yes. Money market account rates are variable and may change at any time based on market conditions and each bank’s pricing decisions.
- What is a good APY for a money market account?
- In today’s market, a competitive money market account generally offers around 3.8% APY or higher. That is well above the current FDIC national average of 0.56%.
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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.
