At Quote States, you're always our top priority. We're committed to empowering you with the ability to make well-informed financial decisions confidently. While our website may not showcase every company or financial product out there, we take immense pride in the advice we share, the knowledge we dispense, and the innovative tools we develop. Everything we do is designed to be objective, independent, clear, and, importantly, free to you.
But how does Quote States sustain its operations? Simply put, we receive compensation from our partners. This compensation might influence which products we decide to feature and discuss, as well as their positioning on our website. However, this commercial relationship does not sway our recommendations or advice, which are rooted in extensive research. Our partners are not able to buy their way into favorable reviews of their products or services on our platform. For transparency, here's a catalog of our partners.
Updated: June 02, 2024, 10:13am
At Quote States, we’re proud to showcase a variety of products from our esteemed partners who provide us with compensation. This arrangement might shape our coverage regarding which products we discuss and the placement and presentation of these products on our site. Nevertheless, we maintain editorial integrity: our assessments and opinions remain unbiased and solely our own. For transparency, here’s a directory of our partners, along with an explanation of how we sustain our operations and generate revenue.
For Quote States, we've meticulously curated a selection of the finest money market accounts (MMAs) known for their competitive rates, minimal to nonexistent fees, and accessible minimum deposit thresholds. These carefully chosen accounts not only prioritize your financial growth but also ensure that your funds remain within easy reach. Whether it's writing checks or making purchases with a debit card, our top MMAs provide the flexibility you need to manage your finances efficiently and effectively.
with $1,000,000 minimum balance
The yields earned on credit union accounts are referred to as dividends rather than interest. Connexus Credit Union dividends are compounded and credited monthly. All members must make a $5 deposit into a Connexus Credit Union savings account to establish membership before adding other types of accounts. There’s a $9 fee for certain types of transactions over four per statement period.
Our experts picked Connexus Credit Union’s High Yield Money Market Account because it’s a tiered-rate account paying higher dividends for larger deposits. While this makes for a more complicated earning structure than some of the other accounts on our list, the rewards may be worth the effort if you’re able to jump through some hoops.
Interest is compounded daily and credited monthly. There’s an excess transaction fee of $10 for certain types of transactions over six per statement cycle.
Our experts picked Quontic Bank’s Money Market account because it checks several important boxes. It has a competitive tiered interest rate structure, requires a relatively low $100 minimum deposit to open the account and charges no monthly maintenance fee.
on balances of $250,000 or less
Interest is compounded daily and credited monthly. The current APY is 5.00% APY for balances of up to $250,000. Account balances of more than $250,000 earn 0.10% APY. You’re limited to making six transactions per statement cycle from your account, but Zynlo doesn’t charge a fee for excess transactions.
Our experts liked Zynlo Bank’s Money Market account because all deposits with Zynlo are 100% insured. This means no matter how much you deposit, your full balance will be covered by insurance in the event of a bank failure. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor for each account ownership category. Above that amount, deposits are insured by the Massachusetts-based Depositors Insurance Fund (DIF).
Interest is compounded and credited monthly. There’s an excess transaction fee of $5 for certain types of transactions beyond six per statement cycle.
First Internet Bank scored highly with our experts because it offers a competitive APY on its Money Market Savings account, and the bank itself offers a wide selection of other competitive banking products, loans and mortgages. It could be a good option for the saver interested in opening a variety of accounts with one bank.
Interest is compounded daily and credited monthly. Ally recognizes three balance tiers—less than $5,000, Between $5,000 and $24,999.99 and $25,000 or more. All three tiers pay the same money market account APY.
Our experts liked the Ally Bank Money Market Account because it pays a competitive APY and makes your cash easily accessible. Although certain types of withdrawals and transfers are limited to six per statement cycle, you can make unlimited withdrawals at more than 43,000 surcharge-free ATMs throughout the nation. Ally reimburses for up to $10 per statement cycle for fees charged by out-of-network U.S. ATMs.
Interest on Sallie Mae money market accounts is compounded daily and paid monthly.
Our experts ranked Sallie Mae Bank’s money market account highly because savers can pair this competitive MMA with the bank’s SmartyPig savings account. The SmartyPig Account comes with tools to create and track progress toward specific money goals—like an online piggy bank. The bank’s MMA gives consumers a place to earn a high rate on savings they’ve already built, and the SmartyPig Account helps them set and achieve new savings milestones.
4.30% intro for the first year on balances up
to $250,000; then ongoing rates apply.
Interest is compounded daily and credited monthly. EverBank charges $10 per transaction over the allowable limit of six per statement cycle. EverBank recognizes five balance tiers—less than $10,000, between $10,000 and $24,999.99, between $25,000 and $49,999.99, between $50,000 and $99,999.99 and $100,000 and up. The lower your balance tier, the lower the APY you earn.
Our experts picked EverBank’s Yield Pledge Money Market account because it guarantees that the interest rate you earn on its money market account will be among the top 5% of “competitive accounts.” This is based on accounts from the 10 largest banks and thrifts in 10 large U.S. markets. EverBank’s Yield Pledge Money Market account pays intro APY of 4.30% for the first year on balances up to $250,000; then the ongoing rate of 4.05% applies.
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