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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.

Explore MMA basics

A man looking at a comically large stack of cash
This type of account can offer a low-risk way to earn a high yield.
Getty Images; Illustration by Bankrate
What every saver needs to know about money markets accounts.
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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

MMA

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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Are MMAs safe?

Understand the safety and flexibility of using an MMA to store your savings.

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How to open an MMA

Bankrate's complete guide to opening a money market account to grow your savings.

 

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Weekly MMA Rates

Bankrate consistently has offers well above the national average to help you earn more on your savings.

Bankrate Partner Average

3.85%APY
VS

National Average

0.46%APY

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

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

Latest articles

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Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
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Money market funds are available from several different brokers and fund managers.
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Looking for a place to park your savings? Here’s why a MMA might be appealing.
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These accounts sound similar, but there are some key differences to know.
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Short answer? Yes. Here’s what you need to know.
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Comparing savings rates can ensure you get the best return on your savings.
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Get the latest rates on top-yielding money market accounts.
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It’s important to find the right accounts for your emergency savings.
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The highest savings account rate has dipped ahead of next week’s Fed rate decision.
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Saving money isn’t just about cutting costs. Sometimes, it’s about reframing how you spend your time. Here’s how one mindset shift helped me avoid impulsive purchases and grow my savings with less [...]
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Most savers aren’t moving money despite 4 percent rates being available. This inertia could cost thousands in lost interest income.
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Fed officials indicate that interest rates will remain steady at its next meeting.
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How much is too much? Here’s everything you need to know.
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Economists say a second wave is the biggest downside risk to the U.S. economy this year.
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The study shows that the number of Americans with less emergency savings has ballooned since the crisis began.
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It’s unlikely that the financial and economic calamity will be reversed anytime soon.
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The proposal sets the stage for a divisive clash among party lines, and the clock is ticking.
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