Best Money Market Accounts

Prime Alliance Bank, located in Woods Cross, Utah, was founded in 2004 with a commitment to customer service both locally and nationwide. The bank has a network of more than 100,000 surcharge-free ATMs. The lack of fees and no required minimum deposit make Prime Alliance attractive to those seeking a high-yield stash for emergency funds.

Prime Alliance offers a solid lineup of banking services to augment the high-yield personal money market account. Other banking services and accounts include checking, interest checking, personal savings, and certificates of deposit (CDs).

You can make six electronic, online transfers or withdrawals per month with the money market account. In-person, telephone, mail, or ATM withdrawals are exempt. Any transactions in excess of the six result in a $25-per-transaction service charge. If you exceed the six monthly limited transactions three times during a 12-month period, your account will be changed to a demand deposit account. Talk to a phone customer service representative weekdays between 8:30 a.m. and 5:00 p.m. (MST) and email anytime.

TIAA Bank, a division of TIAA, FSB, offers banking services to U.S. consumers and businesses online and through its Florida-based financial centers. In 2022, TIAA agreed to sell TIAA Bank with expected completion in 2023. The TIAA money market account provides a unique guarantee: the Yield Pledge for checking and money market accounts. The pledge promises that yields will remain in the top 5% of competing accounts, as measured by the Bankrate Monitor National Index survey data.

TIAA customers can access a list of banking services in addition to the high-yield money market account including basic savings, interest-bearing checking, CDs, and bump-rate CDs. Online access through the web or app enables mobile banking, including deposits, on the go. The required $500 deposit to open an account might be high for new savers, and the tiered interest payments penalize smaller savers as well. That said, ATM fees are reimbursed up to $15 monthly and the unlimited transactions might be an offset to the high minimum requirement.

Customer service is designed for today's consumer with live representatives available Monday through Friday from 8 a.m. to 8 p.m. EST and on Saturday from 9 a.m. to 7 p.m. Email is available and Twitter support is a bonus. We’ve found that Twitter customer service is responsive and helpful. Online account setup is fast and TIAA Bank is held in high regard.

Vio Bank is the online division of MidFirst Bank, the largest privately held bank in the United States. Vio monitors Informa Research Services to ensure high, competitive interest rates. Vio fits the bill for anyone with $100 seeking a high-yield money market, with one of the highest yields on the list.

No monthly fees and a small $100 minimum first deposit open the door to high-yield banking for nearly all savers, but you should consider Vio as a savings bank only. The bank offers high-yield savings, money market, and CD accounts. You’ll need to look elsewhere for checking and debit cards. This might not be a disadvantage if you simply want an online bank account with high interest rates. You can make six fee-free transactions per month with Vio Bank—again showing it is geared toward savings, not transacting frequently. After that, you’ll pay a $10 fee per transaction.

With high interest rates, a low minimum, and no monthly fees, Vio is a good money market account for all savers.

Ally began in the early 1920s as auto financing company GMAC, a division of General Motors. By the early 2000s, the company rebranded as the online-only full-service bank Ally. Ally is known for its high yields and low fees.

At Ally, you’ll earn a higher APY with daily compounding of interest. Free ATM withdrawals are available at 43,000 Allpoint ATMs, and Ally reimburses fees at other nationwide ATMs up to $10 per month. 24/7 phone, chat, and email customer service options are standout features. Customers can access the bank via mobile app or website.

Ally is a full-service bank without physical buildings. With checking, savings, investing, and lending, users have premier access to all banking and investing services. There is a $10-per-transaction fee charged on transactions that surpass six per month. For ultimate flexibility, no minimums or monthly balance requirements add to Ally’s allure. Ally makes banking easy for most computer-literate savers.

Synchrony Bank originated in 1932 as General Electric Contracts Corporation, a finance company geared toward helping consumers buy appliances. In 2013, the company acquired MetLife Retail Deposits and began development of mobile technology strategies. In 2014, Synchrony Financial launched an IPO on the NYSE and began the transition to an independent bank.

Synchrony is now a full-service online bank with checking, savings, high-yield savings, and money market accounts in addition to consumer financing. The two high-yield savings products at Synchrony are the money market account and the high-yield savings account. Both limit transactions to six per month. The Synchrony IRA money market account offers both traditional and Roth IRAs.

Transactions are available online and through the mobile app. Accessible phone or online chat is available Monday through Friday from 8 a.m. until 10:00 p.m. (EST) and weekends from 8 a.m. until 5:00 p.m. (EST). However, the IRA team is not available on weekends.