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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.
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

3.84%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

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Senior Economic Analyst

Latest articles

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More than half of Americans also say the U.S. economy is on the wrong track.
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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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Wondering what to do when it comes to saving during a recession? Here’s what the experts have to say.
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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.
Image of a large money bag in a shopping cart in front of a red downward pointing arrow.
More than half of Americans also say the U.S. economy is on the wrong track.
Piggy bank with cash overflowing
Walk away with stacks of cash just for opening a checking or savings account.
Person filling out money order
Here’s what you need to know about how money orders work.
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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Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
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Knowing your limit before making a purchase can help you make smarter decisions.
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Losing a cashier’s check is much different than losing a personal check.
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