From Money Magazine:

With a competitive APY and no minimum deposit requirement for opening an account, Ally Bank’s money market account is perfect for new savers. There’s no monthly fee with this account, regardless of your balance. You also get unlimited ATM withdrawals, and Ally will reimburse your ATM fees up to $10/month. Ads by Money. We may be compensated if you click this ad.Ad

Sallie Mae’s money market deposit account has no minimum balance requirement to open an account and no monthly fees. Deposits can be made through the Sallie Mae mobile app, direct deposits, ACH transfers from other financial institutions or by sending a check to Sallie Mae’s Chicago office. However, for the first 30 days after opening an account, all deposits are held for five business days. Ads by Money. We may be compensated if you click this ad.Ad

Western State Bank’s High Yield Money Market product requires an initial deposit of $5,000 is required, and there is no minimum balance requirement or fees. Western also allows up to 10 withdrawals per month. Clients can make ACH transfers, wire transfers or send checks to fund the account. Ads by Money. We may be compensated if you click this ad.Ad

The Preferred Money Market Account offered by UFB Direct, an Axos Bank brand, comes with checks and a debit card, and can be used at over 60,000 ATMs at no charge. Deposits can be made through online transfers from an external account or through mobile check deposits. No minimum balance requirement. Ads by Money. We may be compensated if you click this ad.Ad

Discover’s money market product requires an initial deposit of $2,500, but doesn’t charge maintenance fees, overdraft fees, or have a minimum balance fee. Discover has an extensive ATM network, with over 60,000 AllPoint and MoneyPass ATMs that you can access free of charge. Ads by Money. We may be compensated if you click this ad.Ad



Read more: 5 Best Money Market Accounts of 2024