Best Banks for Money Market Accounts for 2026

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Our high picks for Best Banks for Money Market Accounts for 2026

The businesses listed beneath are organized in descending order of APY.

*Charges and APYs are topic to alter. All data supplied right here is correct as of Might 5, 2026.

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Why we selected it: TotalBank’s on-line cash market deposit account at the moment gives an APY of 4.01%, which is the best on Money’s checklist. The financial institution would not cost month-to-month upkeep charges, and its excessive deposit restrict of $1 million permits clients to generate important yield. Nonetheless, there’s a $2,500 stability requirement to entry that APY, in addition to a prohibitively excessive $25,000 minimal deposit to open the account. You can also make as much as six withdrawals monthly with out penalties, however after six transactions, a $10 extreme transaction charge is utilized to all continuing transactions.

Why we selected it: ZYNLO’s cash market account is interesting for its 3.90% APY, which is seven instances the nationwide common, and its ease of use. You solely want $10 to open the account, and there’s no minimal stability required to earn the marketed APY. Not like some banks, you’re not restricted to a sure variety of withdrawals a month, and there’s no month-to-month upkeep charge. Though ZYNLO is a division of PeoplesBank, in-person customer support isn’t obtainable. Customer support is out there by cellphone 24/7. There are not any overdraft or non-sufficient fund charges, however there are additionally no check-writing capabilities.

Why we selected it: This account from CFG Neighborhood Financial institution made our checklist due to its engaging 3.80% APY, nevertheless it solely is sensible to open this account if you happen to’re going to maintain no less than $1,000. Not solely is that the required minimal opening deposit, but when your stability drops beneath that quantity, you received’t earn the APY and you’ll face a $10 month-to-month charge. It’s additionally vital to notice that your funds received’t be obtainable for withdrawal for the primary 30 days after you open the account. There are not any check-writing privileges with this account. CFG does have brick-and-mortar branches, however solely in Maryland.

Why we selected it: Quontic Financial institution’s cash market account has an APY of three.80% with no minimal stability requirement and no month-to-month upkeep charges. It additionally has an affordable minimal opening deposit of $100. You get checking-writing privileges and might request a free debit card after having the account open for 30 days. Nonetheless, there’s a restrict of six withdrawals per assertion cycle. It’s additionally vital to notice that the every day and month-to-month exterior switch limits at Quontic vary from $2,000 every day to $10,000 month-to-month, and also you’ll must create an account and login to see what these are. The account would not cost a month-to-month upkeep charge.

Why we selected it: EverBank’s cash market account has a aggressive 3.80% APY. There isn’t any minimal opening deposit requirement or stability requirement; nonetheless, a stability of $5,000 or extra is required for limitless ATM charge reimbursements (in any other case, reimbursements are capped at $15 monthly). Sadly, the financial institution’s marketed APY for its cash market accounts is just for new clients.

Why we selected it: First Basis Financial institution gives a sexy 3.75% APY, and the account comes with check-writing privileges, a debit card and cell test deposit. The excessive $500 minimal opening deposit is one disadvantage to this account, however it may be waived with a median every day stability of $2,500. One other disadvantage is a restriction on funding the account with cash from one other current First Basis Checking account. When you occur to reside in California, Florida, Hawaii, Nevada and Texas, you might be able to discover a bodily department of First Basis Financial institution, however this account is to be opened on-line, and could be accomplished so from anyplace within the U.S. The account carries a $20 month-to-month upkeep charge.

Why we selected it: Vio, a division of Oklahoma Metropolis-based MidFirst Financial institution, gives a 3.60% APY on each greenback within the account. There’s a $100 minimal requirement for opening, which is comparatively low, and no month-to-month upkeep charge. As an online-only financial institution, Vio doesn’t have debit playing cards or test writing capabilities, however there’s customer support seven days per week (7:00 a.m. to 9:00 p.m Central Time Monday by way of Friday, 8:00 a.m. to six:00 p.m. Saturday and 12:00 p.m. to 4:00 p.m. Sunday.)

Why we selected it: Sallie Mae’s cash market deposit account comes with a aggressive 3.55% APY on all balances with no minimal opening requirement. You’ll be able to deposit checks through cell, however there are charges for different companies, together with $5 for test orders (although the primary order is free if you happen to place it while you open the account). The account would not cost a month-to-month upkeep charge, and there are not any minimal balances or minimal opening deposit necessities.

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Different cash market accounts we thought of

We assessed many HYSA accounts that in the end didn’t make our checklist. Beneath are a number of firms that weren’t named on our checklist however have engaging APYs and could also be a match relying in your wants.

Uncover Money Market Account

Uncover’s cash market account gives entry to ATMs, debit and checks and has only a few charges. It’s a strong possibility for savers, nevertheless it didn’t make our checklist as a result of its APYs of three.4% for balances beneath $100,000 and three.45% for balances over $100,000 is decrease than the others on our checklist.

Bank5 Join Join Money Market Account

Bank5 Join’s cash market account has a $100 minimal opening requirement and a $100 stability requirement to earn the marketed rate of interest, and it comes with a checking-writing capabilities and a debit card. Nonetheless, the three.03% APY is decrease than what different high-yielding cash market accounts supply.

Ally Financial institution Money Market Account

Regardless of Ally’s cash market account not having a minimal opening requirement, minimal stability necessities or a month-to-month upkeep charge, the financial institution was faraway from our checklist of one of the best banks for cash market accounts after dropping its APY to three.10%.

How we selected one of the best banks for cash market accounts

To seek out one of the best cash market accounts, we collected APYs from round 60 of the biggest and hottest banks, credit score unions and on-line banks. We assessed what the APY was for every stability tier, and decided whether or not the marketed APYs have been introductory promotions.

Whereas APYs have been our principal focus, we additionally collected data on the accounts’ minimal opening deposits and charges.

You’ll be able to learn our full methodology right here.

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