Best Banks for Money Market Accounts in 2025

Money market accounts (MMAs) offer a unique blend of features from both checking and savings accounts. They provide higher interest rates than traditional savings accounts while also offering access to your funds through debit cards and checks. If you’re looking for a versatile account that can help you earn interest on your savings while still providing easy access to your money, a money market account could be the right choice for you.

When considering money market account rates, it’s important to look at the annual percentage yield (APY) as it shows the percentage of interest you would earn on your money in a year. These rates are variable and can change based on the Federal Reserve’s decisions on interest rates. We’ve compiled a list of the best money market account rates for 2025 to help you make an informed decision.

Our top picks for the best banks for money market accounts in 2025 are:

1. Vio Bank – Offering a high APY of 4.41% on all balances, Vio Bank is an online-only bank with excellent customer service and no monthly maintenance fees.

2. ZYNLO – With a competitive APY of 4.40% and a low minimum opening requirement of $10, ZYNLO provides easy access to your funds without compromising on interest rates.

3. First Foundation Bank – This bank offers a 4.40% APY with check-writing privileges and a debit card, making it a convenient option for those looking to earn interest on their savings.

4. CFG Community Bank – With an attractive APY of 4.32%, CFG Community Bank requires a $1,000 minimum balance to earn the advertised rate and offers physical branches in Maryland.

5. Quontic Bank – Quontic Bank provides a 4.25% APY with no minimum balance requirement and no monthly maintenance fees, making it a straightforward option for savers.

6. UFB Direct – Offering a 4.01% APY, UFB Direct allows you to boost your rate by meeting certain requirements and maintaining a balance of $5,000 or more.

7. EverBank – With a competitive 4.00% APY, EverBank requires a $10,000 balance to earn the advertised rate and offers no ATM fees and reimbursement for fees paid at other U.S. ATMs.

8. Sallie Mae – Sallie Mae’s money market deposit account provides a 3.90% APY on all balances with no minimum opening requirement, making it a simple and accessible option for savers.

9. Western State Bank – This bank offers a competitive 3.75% APY on all balances with no minimum balance requirement, but it has limited access with no check-writing or debit card capabilities.

10. Ally Bank – Known for its online banking services, Ally Bank offers a 3.60% APY on its money market account with no minimum opening requirement or balance requirements.

When choosing a money market account, consider factors such as fees, minimum opening requirements, minimum balance requirements, withdrawal restrictions, and convenience. Compare the features of each account to find the best option that meets your financial needs.

If you’re considering a money market account, be sure to explore other alternatives such as high-yield savings accounts, certificates of deposit, or investing accounts to determine the best option for your financial goals. Remember that interest earned on money market accounts is taxable income, and accounts are FDIC insured up to $250,000 per depositor per account type.

For more information on money market accounts and how to choose the right one for you, check out our comprehensive guide above.