Summary: Various banks offering money market accounts with interest rates of 4% APY or higher. This news is positive for individuals looking to grow their savings.

From Yahoo Finance: 2025-04-15 12:01:00

Looking for the best of both worlds in a savings and checking account? Money market accounts offer the security of savings accounts with perks like a debit card and checks, plus higher interest rates up to 4% APY.

Despite the national average money market interest rate being just 0.63%, many banks offer competitive rates of 4% APY or more. These accounts can provide a significant boost to your savings over time, making them a smart choice for those looking to grow their money.

Various federally insured money market accounts are available today, each offering competitive rates and features. It’s important to check interest rates, fees, and requirements directly with the financial institution before making a decision.

VIO Bank’s Cornerstone Money Market Savings Account offers a competitive 4.41% APY with a $5 monthly fee that can be waived. First Foundation Bank’s Online Money Market Account has a 4.4% APY with no monthly fees. Zynlo’s Money Market Account offers 4.4% APY with no monthly fees.

CFG Bank’s High Yield Money Market Account has a 4.32% APY and requires a $1,000 minimum daily balance. Quontic’s online money market account offers 4.25% APY with no fees. Prime Alliance Bank’s Personal Money Market Account has a 4.15% APY with no minimum deposit or fees.

UFB Direct’s Portfolio Money Market Account offers 4.01% APY with a $10 monthly fee unless you maintain a $5,000 balance. EverBank’s Performance Money Market Account pays 4% APY with no monthly fees and includes a debit card, checks, and ATM fee reimbursements.

Read more: 8 money market accounts with interest rates of 4% APY and higher (updated weekly)