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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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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

3.83%APY
VS

National Average

0.45%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

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Senior Economic Analyst

Latest articles

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Here’s the lowdown on no-penalty CDs, and how they differ from regular CDs.
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Money market funds are available from several different brokers and fund managers.
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The best account to save your money will vary by your goal.
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These credit unions offer great rates and top-notch features — and many make it easy to join.
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Lay away cash for an emergency or short-term goals with a money market mutual fund.
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These tips can help you manage your money more wisely and make you a bit richer.
Ally Bank logo
Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
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Find the right business savings account to help your company’s money grow.
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Here’s how multiple savings accounts can help you reach your financial goals.
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Top savings APYs remain above 4%, with plenty of account options to choose from.
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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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Here’s how much $100,000 in a high-yield savings account can earn you.
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Savings APYs remain high as the Federal Reserve holds interest rates steady.
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The best account to save your money will vary by your goal.
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All CDs have one thing in common: They’re among the safest places to park your cash.
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Vivian Thornton received quite a shock when she logged onto her bank account and noticed an unfamiliar debit charge for concert tickets totaling more than $2,000. In fact, the hefty charge had brought [...]
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Consumers got a taste of rate cuts last year, It could be a while before they see them again.
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If you’re looking to become a better saver, here are some tips for setting savings goals.
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Here are five ways automatic transfers can make growing your savings easy.
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