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Money Market Accounts

When shopping for a savings account, don't forget to consider money market accounts. Explore the different benefits of MMAs.

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This type of account can offer a low-risk way to earn a high yield.
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Here’s answers to your top MMA questions.
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Follow these simple steps to earn competitive rates on your shorter-term savings.

Get the most out of your money market account

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Why get a money market account

Learn about how these lesser-known accounts walk the line between savings and checking accounts, offering some of the best features of both.

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Pros and cons of MMAs

Explore the main advantages and disadvantages of opening a money market account.

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How MMAs work

Bankrate's complete guide to money market accounts and how they work.

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MMAs with no minimum balance

If you're struggling to meet balance requirements, these money market accounts can solve that problem while offering a strong APY.

 

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Experts in all things banking

Our expert writers and editors bring you timely news and reliable information - backed by data and first-hand experience.

About Bankrate's team
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

Latest articles

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Money market funds are available from several different brokers and fund managers.
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Here are some of the best savings accounts you can sign up for as a business owner.
man and woman working together at a computer in an office
Find the right business savings account to help your company’s money grow.
Person working at table with computer, drinking coffee and looking at smartphone
Learn why you need to check your APY.
couple with bank worker
Many of these banks offer low-fee accounts and higher yields than some of the biggest banks.
Person looking at smartphone
The best account to save your money will vary by your goal.
Bank teller with customer
These credit unions offer great rates and top-notch features — and many make it easy to join.
A man researches on a tablet.
CDs and MMAs can pay competitive rates, but they have different drawbacks and benefits.
Mother and daughter putting money in piggy bank
Knowing how these accounts work, and how they differ, can help better your finances.
Cheerful young student woman excited with good news
Adding more to your savings goals is easier than you think. Here’s how.
A Capital One bank branch in Manhattan in New York
The CFPB dropped its lawsuit alleging Capital One cheated customers out of interest.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
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Here’s the difference between APY and interest rate.
Bank teller with customer
It’s possible to negotiate a higher-yielding savings account at your bank.
Teller at brick-and-mortar bank
Keeping your savings in a bank down the street may seem like the obvious play, but there may be real downsides for doing so.
BIPOC woman meeting with female financial advisor
Finding the right savings account consists of comparing rates, fees and more.
Mother and daughter putting money in piggy bank
Knowing how these accounts work, and how they differ, can help better your finances.
People walk by a Western Union location in New York.
Wire transfer fees can be expensive, but here are ways to send money for less.
A young man uses an ATM.
Over time, ATM fees have climbed. Here’s what you need to know.
Family looking at their finances.
Early access to direct deposited funds can make managing your budget a bit easier.
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When policymakers and investors seek economic insight, they often use a tool called the yield curve. A yield curve measures the spread between yields on short- and long-term maturity bonds over time. It’s [...]
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The bottom line? Don’t let emotions guide your financial decision-making.
Cheerful young student woman excited with good news
Adding more to your savings goals is easier than you think. Here’s how.
A Capital One bank branch in Manhattan in New York
The CFPB dropped its lawsuit alleging Capital One cheated customers out of interest.
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