It is also important not to confuse money market accounts, which are insured bank products, with money market mutual funds, which are investment products and are not FDIC insured. In the Expert’s Answers section below, you can learn more about money market accounts and money market rates and how to tell whether they are the right investment for you.
- General Consumer
- Business Owner
- College Student
UFB Savings
- Earn up to 0.81% APY*.
- No monthly maintenance fees.
- No minimum deposit required to open an account.
- Access your funds 24/7 with easy-to-use digital banking tools.
UFB Money Market Account
- Earn up to 0.81% APY*.
- No monthly maintenance fees with a $5,000.00 balance, otherwise fee is $10.00 per month.
- No minimum deposit required to open an account.
- Access your funds 24/7 with easy-to-use digital banking tools.
- The UFB Money Market offers the security of a savings account with check-writing privileges.
Axos Bank High Yield Savings Account
- Up to a $200 Bonus through 4/30
- No monthly maintenance fees
- No minimum balance requirements
- $250 minimum opening deposit
- Free Incoming Wires
- Zero Minimum Balance Requirement
Discover Bank Online Savings Account
- No Fees. Period. That means you won't be charged an account fee on Discover Bank Online Savings Account. This Includes Excessive Withdrawal Fee, Stop Payment Order and Insufficient Funds Fee.
Discover Money Market Account
- No. Fees. Period. That means you won't be charged an account fee on Discover Bank Money Market Account. This Includes Minimum Balance Fees, Excessive Withdrawal Fee, Stop Payment Order, and Insufficient Funds.
- No-fee withdrawals at over 60,000 ATM locations with your debit card.
- 0.50% APY for balances under $100,000 and 0.55% APY for balances $100,000 and over.
Axos Bank High Yield Money Market Account
- Earn 0.25% APY.
- No monthly maintenance fees.
- Check writing privileges.
- Debit card transactions.
Sallie Mae SmartyPig Account
- Earn a $10 reward for every friend you refer who opens a SmartyPig account, sets a goal, and contributes to it.
- During any calendar month, for each SmartyPig Primary Account and any individual Goal Account, you may make no more than six (6) transfers and withdrawals.
Sallie Mae Money Market Account
- No minimum balance and no monthly maintenance fees.
- Write checks from your account.
- Free transfers.
American Express Personal High-Yield Savings Account
- No minimums, no monthly fees.
- Up to 9 withdrawals/transfers per month.
- Personal Savings accounts are not meant for everyday spending. ATM cards, debit cards, or checks are not provided.
- Backed by the service & reliability of American Express.
Synchrony Bank High Yield Savings Account
- An ATM Card will be sent to all account owners.
- If you already have an ATM card, this account will be linked to your existing card.
- You may only make 6 withdrawals or transfers during the statement cycle, according to federal regulations. However, you’re able to conduct unlimited transactions at an ATM.