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Compare top highest interest rate money market accounts in the nation.
A money market account (or MMA) is a special type of bank savings account offered by banks and credit unions.
The difference is that MMA usually pay higher interest, have higher minimum balance
requirements, and only allow three to six withdrawals per month.
Another difference is that, similar to a checking account, many money market accounts will let you write up
to three checks each month.
Money market account rates are at all time low right now. So more then ever, it's important to get the best
rates possible to keep up with raising inflation. Not surprisingly, the best rates are to be found in online
money market accounts. The main reason for this is that online accounts do everything over the internet and it
eliminates the costs of maintaining branches.
We rated the best high interest money market accounts on overall customer value.
All accounts listed below are FDIC insured up to $250,000 per depositor.
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- 1.77% APY!
- 2.51% promotional first year APY for balances above $50,000!
- Minimum opening balance $1,500.
- Monthly fee for balances over $5,000: none. Monthly fee for balances under $5,000: $8.95.
- 6 withdrawals/transfers per month.
- Manage your account online.
- FDIC insured up to $250,000 per depositor.
On third place is very interesting offer
from EverBank.com with great 1.77% APY! With the first 3 months bonus rate promotion of 3.01% APY,
the actual first year yield is increased to by far the best 2.07% APY!
You need to keep account balance above $5,000 to avoid monthly fee.
EverBank
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- 1.76% APY!
- $500 minimum balance requirement.
- No monthly fees.
- No direct deposit required.
- Manage your account online.
- FDIC insured up to $250,000 per depositor.
Second position goes to Heartland Bank Direct (St. Louis, MO) money market
account with very good 1.76% APY! No monthly fees, no direct deposit requirement
and low $500 minimum are very nice.
Heartland Bank Direct
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- 1.70% APY.
- No monthly fees.
- No minimums.
- Check card and first 50 checks are free.
- 6 withdrawals and transfers per statement cycle.
- $6/month in ATM fees rebates.
- FDIC insured up to $250,000 per depositor.
Ally Bank offers very customer friendly no minimums, no fees money market account with great 1.70% APY!
Very nice $6 of monthly ATM fee rebates and free checks sweeten the deal.
Ally Bank
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- 1.25% APY.
- No monthly fee.
- $100 minimum opening deposit.
- Can help you earn monthly ThankYou Points as long as it's linked to a checking account enrolled in ThankYou Network.
- Requires a checking account in an eligible relationship package.
- Online only account management - you can't do it at the branch.
- FDIC insured up to $250,000 per depositor.
#5 spot goes to the CitiBank's Ultimate money market account with 1.25% annual percentage yield and possibility of rewards.
However you must have or open a checking account in an eligible relationship package.
And to receive the 1.25% Rate, you need to make at least two online bill payments each
calendar month from your linked checking account in a qualifying relationship package.
Citi Bank
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