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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

0.46%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

A young female researches on her phone.
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.
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.
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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.
Mother and daughter looking at savings account info on a cellphone
The best savings accounts for teenagers offer competitive rates and charge no fees.
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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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The fed funds rate could quickly approach zero this year, experts said.
Federal Reserve Chairman Jerome Powell speaks at Fed press conference
It’s the first emergency move since October 2008, during the Great Recession.
Fed Chairman Jerome Powell speaks at press conference
With markets swooning, all eyes are now turning to the Fed.
President Donald Trump shakes the hand of Fed Chairman Jerome Powell
The chief executive’s claims weren’t wholly correct — even if they ended up being right.
A woman looking at Ally Bank's new savings tools.
Here’s what the online bank is offering to help customers boost their savings and meet financial goals.
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Does Citi’s new robo-adviser offering make sense for your investments?
What will get the Fed off the sidelines?
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