In today’s high-interest-rate environment, savvy savers are earning 4% APY or more on their money market accounts. These accounts combine the security of FDIC/NCUA insurance with the convenience of check-writing and debit access. Here’s a curated and regularly updated list of 10 top money market accounts currently offering APYs of 4% or higher.
Why Money Market Accounts?
Money market accounts (MMAs) offer the best of both worlds: better interest rates than traditional savings and accessibility features akin to checking accounts, such as debit cards and unlimited withdrawals (varies by provider) Kiplinger+1. Online-only banks and credit unions often lead with these competitive rates due to lower overheads BankrateKiplinger.
Top 10 Money Market Accounts (4%+ APY)
| Rank | Institution | APY | Notes |
|---|---|---|---|
| 1 | First Foundation Bank (Online Money Market) | ~4.90% | No fees, $1,000 min CNNCNN |
| 2 | Quontic Bank Money Market | ~5.00% | $100 min, debit/check access CNNCNN |
| 3 | Vio Bank Cornerstone MMA | ~5.05% | $100 min, no fees CNNCNN |
| 4 | UFB Direct Money Market | ~4.83–4.57% | No fees or low requirement FortuneCNNCNN |
| 5 | Northern Bank Direct MM Premier | ~4.85% | $5,000 min CNNCNN |
| 6 | Redneck Bank Mega MMA | ~4.40–4.75% | $500 min, no fees CNNCNN |
| 7 | Ally Bank MMA | ~4.00–4.20% | $0 min, no fees CNNCNNKiplinger |
| 8 | EverBank Performance MMA | ~4.00–4.05% | No min or fees CNNCNNKiplinger |
| 9 | VirtualBank eMoney Market | ~4.50% | $100 min, $5 fee (waivable) Forbes |
| 10 | First Foundation Bank (via Franetic) | ~4.50% | $1,000 min Franetic |
Note: Rates are subject to change and may vary by region or deposit size. Always double-check current details before opening an account.
Why These Accounts Stand Out
- High yield: All offer 4% APY or higher—substantially above the national average BankrateKiplinger.
- Low or no fees: Many waive monthly charges with modest balance requirements.
- Flexible access: Features like debit cards and check-writing make them practical for emergency funds or short-term goals Kiplinger.
- Safety first: All are FDIC- or NCUA-insured, so your savings are protected up to $250,000.
How to Use This Article
- Bookmark for weekly rate checks.
- Compare balances, minimums, and access perks before choosing.
- Update your post regularly with any rate shifts or new offers.
Conclusion
Money market accounts offering 4% APY+ are excellent tools to grow your cash with safety and flexibility. Whether you’re building an emergency fund or aiming for short-term savings goals, these top-tier options deliver both yield and access.
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