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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.

Best Money Market Accounts June 2024

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.

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Best Money Market Accounts From Our Partners

Connexus Credit Union Money Market Account

5.0

On Connexus Credit Union's Website.

APY

Up to 4.15%

with $1,000,000 minimum balance

Minimum Deposit Requirement

$1,000

Monthly Maintenance Fee

$0

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.

Quontic Bank Money Market Account

5.0

On Quantic Bank's Website

APY

5.00%

Minimum Deposit Requirement

$100

Monthly Maintenance Fee

$0

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.

Zynlo Bank Money Market

4.8

On Zynlo Bank's Website

APY

5.00%

on balances of $250,000 or less

Minimum Deposit Requirement

$10

Monthly Maintenance Fee

$0

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.

First Internet Bank Money Market Savings

4.6

On First Internet Bank's Website

APY

Up to 5.48%

Minimum Deposit Requirement

$100

Monthly Maintenance Fee

$5

Interest is compounded and credited monthly. There’s an excess transaction fee of $5 for certain types of transactions beyond six per statement cycle.

Ally Bank Money Market Account

4.5

On Ally Bank's Website

APY

4.35%

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

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.

Sallie Mae Bank Money Market Account

4.4

On Sallie Mae Bank's Website

APY

4.75%

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

Interest on Sallie Mae money market accounts is compounded daily and paid monthly.

 

EverBank Yield Pledge Money Market

4.4

On EverBank's Website

APY

Up to 4.30%

4.30% intro for the first year on balances up

to $250,000; then ongoing rates apply.

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

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.

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