Skip to Main Content

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.
Woman using mobile phone at the bar
These accounts sound similar, but there are some key differences to know.
Two women look over paperwork and a computer
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.

Arrow Right Icon
MMA

Pros and cons of MMAs

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

MMA

Are MMAs safe?

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

Image for How to open an MMA
MMA

How to open an MMA

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

 

Arrow Right Icon
Bankrate logo

Weekly MMA Rates

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

Bankrate Partner Average

2.02%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

Ally Bank logo
Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
Man working on laptop and drinking coffee
Money market funds are available from several different brokers and fund managers.
A young female researches on her phone.
Here’s the lowdown on no-penalty CDs, and how they differ from regular CDs.
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.
Woman smiling at cash on a cloud
Lay away cash for an emergency or short-term goals with a money market mutual fund.
Man in home office online banking
These tips can help you manage your money more wisely and make you a bit richer.
Woman looking at phone
Find the right business savings account to help your company’s money grow.
Person taking safety deposit box out
Some items are good candidates for storage in a safe deposit box, but others aren’t.
Pile of cash
Best high-yield savings rate today.
piggy bank on top of pile of cash
Compare the best high-yield savings rates as of Aug 4, 2025.
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.
Illustration of construction workers on a roof
An emergency fund is an essential part of a solid financial plan.
If you’re looking to become a better saver, here are some tips for setting savings goals.
Fragments of five $100 bills showing Benjamin Franklin's face five times in a diamond shape.
Despite political pressure to cut rates, the Fed looks to keep them steady, for now.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
Commuters arrive at South Station in Boston wearing masks.
Even with the economy staging a recovery, many Americans are earning less than before the pandemic.
Senate Majority Leader Mitch McConnell (R-KY) talks with reporters.
It’s an “in case of fire, break glass” kind of moment.
Sen. Angus King (I-ME) sets up a sign alongside a bipartisan group of Democrat and Republican members of Congress as they announce a proposal for a Covid-19 relief bill.
If passed, the Senate’s proposal would be the first major relief plan since March.
Federal Reserve Chairman Jerome Powell speaks at post-meeting press conference
The Fed has more in its back pocket than just cutting interest rates.
President-elect Joe Biden speaks to the media after the transition advisory board
Biden will be focused on handling the coronavirus pandemic and the recession.
Airline industry workers hold signs during a protest in Chicago
Another round of job losses similar to what Americans witnessed back in March may soon wreak havoc.
Federal Reserve Chairman Jerome Powell speaks at a press conference
The Fed will continue to stay on the sidelines when it comes to rates.
Federal Reserve Chairman Jerome Powell and the Fed Eccles Building illustration
Federal Reserve Chairman Jerome Powell will have a communications tightrope to walk.
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc