Who Has the Highest Money Market Rates?
Money market accounts earn a variable yield on the money you deposit with a bank. The rate can rise or fall after you open the account, so the provider paying the most today may not stay at the top.
You can normally access your funds through electronic transfers. Some accounts also provide checks, debit cards, or ATM access. Money market accounts offered by FDIC-insured banks are generally protected up to the applicable legal limit. This protection does not apply to money market mutual funds.
Among the five providers we reviewed, CFG Bank has the highest money market rate. Its High Yield Money Market Account currently offers 4.05% APY. However, you need at least $1,000 to open the account and maintain the same daily balance to receive the advertised APY and avoid the monthly fee.
Rates and account details were reviewed on September 19, 2026. Money market rates are variable, so check the provider’s website before applying.
Highest Money Market Rates at a Glance
| Provider | Advertised APY | Opening Deposit | Monthly Fee | Best Feature |
|---|---|---|---|---|
| CFG Bank | 4.05% | $1,000 | $10 unless balance requirement is met | Highest APY reviewed |
| Quontic Bank | 3.90% | $100 | $0 | Checks, debit card, and ATM access |
| ZYNLO Bank | 3.90% | $0 | $0 | No transaction limits |
| Sallie Mae Bank | 3.60% | $0 | $0 | Check-writing access |
| Vio Bank | 3.40% | $100 | $0 | Simple online account |
The highest APY is not automatically the best choice. A slightly lower rate may be worth considering if the account has no minimum balance, offers easier access to your money, or does not charge monthly fees.
1. CFG Bank High Yield Money Market Account
CFG Bank offers the highest money market account rate in our comparison at 4.05% APY. This rate applies to its online and in-branch High Yield Money Market Accounts.
You need $1,000 to open the account. You must also maintain a daily balance of at least $1,000 to receive the advertised APY and avoid the $10 monthly fee. The online account does not include checks or a debit card, making it better suited to savings you do not need to spend directly.
Key features:
- 4.05% APY
- $1,000 minimum opening deposit
- $1,000 minimum balance for the advertised APY
- $10 monthly fee if the balance falls below $1,000
- No checks or debit card with the online account
- FDIC-insured deposits within applicable limits
CFG allows customers to add more money after opening the account. However, its external transfer limits may be restrictive for people with larger balances. Online transfers are limited to $5,000 per day and $30,000 during a rolling 30-day period.
Pros:
- Highest advertised APY in this comparison
- Available online
- Additional deposits are allowed
Cons:
- Higher opening deposit
- Monthly fee below the required balance
- No checks or debit card with the online version
- External transfer limits apply
This account suits someone who can keep at least $1,000 deposited and wants to prioritize the rate over direct spending access.
Check the latest terms on theCFG Bank deposit rates page.
2. Quontic Bank Money Market Account
Quontic Bank offers a 3.90% APY on all balance tiers. You need $100 to open the account, but there is no monthly maintenance fee.
What makes Quontic different is the number of ways you can access your money. The account includes check-writing privileges, a debit card, online bill pay, mobile deposits, and Zelle. Customers can also use more than 90,000 surcharge-free ATMs.
Key features:
- 3.90% APY on all balance tiers
- $100 minimum opening deposit
- No monthly maintenance fee
- Debit card and check-writing privileges
- Mobile deposits, bill pay, and Zelle
- More than 90,000 surcharge-free ATMs
- FDIC-insured deposits within applicable limits
Quontic compounds earnings daily and credits them to the account monthly. The bank does not charge overdraft fees, although less-common service fees may still apply.
Pros:
- Competitive APY
- Low opening requirement
- Checks, debit card, and ATM access
- No monthly maintenance fee
Cons:
- APY can change after the account is opened
- Certain service fees may apply
- Easy spending access may make it harder to leave your savings untouched
This account suits people who want a competitive rate without giving up checks, ATMs, or other everyday banking features.
Review the current offer on theQuontic Money Market Account page.
3. ZYNLO Bank Money Market Account
ZYNLO Bank also advertises a 3.90% APY. Unlike CFG Bank and Quontic, it does not require an opening deposit. You only need a balance of $0.01 to begin earning the advertised yield.
There is no monthly maintenance fee or required minimum balance. ZYNLO also states that the account has no transaction limits, which may help people who regularly transfer money in or out.
Key features:
- 3.90% APY
- No minimum opening deposit
- $0.01 required to begin earning
- No monthly maintenance fee
- No transaction limits
- Online and mobile account management
- FDIC-insured deposits within applicable limits
ZYNLO is an online division of PeoplesBank. Customers manage the account digitally rather than through a large branch network.
Pros:
- Competitive money market rate
- No opening deposit requirement
- No minimum balance
- No monthly maintenance fee
- Unlimited transactions
Cons:
- Online-only service may not suit everyone
- Limited in-person banking
- Variable APY can change
This account is best for people who prefer digital banking and want to avoid minimum balance requirements or limits on the number of transactions they can make.
See the current APY and account disclosures on theZYNLO Bank website.
4. Sallie Mae Money Market Account
The Sallie Mae Money Market Account offers 3.60% APY with no minimum opening deposit or ongoing balance requirement. It also has no monthly maintenance fee.
Although its rate is lower than the first three accounts, Sallie Mae gives customers more flexibility than many online savings accounts. You can make electronic transfers and write checks directly from the account. Earnings compound daily and are added to the balance monthly.
Key features:
- 3.60% APY
- No minimum opening deposit
- No minimum balance requirement
- No monthly maintenance fee
- Free electronic transfers
- Check-writing privileges
- FDIC-insured deposits within applicable limits
Sallie Mae does not charge standard transaction fees, but it charges $20 for an outgoing wire transfer. Other uncommon service fees may also apply.
Pros:
- No opening deposit requirement
- No minimum balance
- Check-writing access
- No monthly maintenance fee
- Daily compounding
Cons:
- Lower APY than CFG, Quontic, and ZYNLO
- Outgoing wire transfers cost $20
- No debit card or ATM access is highlighted for the account
- Rate can change after opening
This account suits savers who want checks and flexible balance requirements without paying a monthly fee.
Check the latest details on theSallie Mae Money Market Account page.
5. Vio Bank Cornerstone Money Market Savings Account
Vio Bank’s Cornerstone Money Market Savings Account currently offers 3.40% APY. The account requires $100 to open and does not have a monthly maintenance fee.
Vio is the online banking division of MidFirst Bank. Earnings compound daily, and eligible deposits are FDIC-insured within applicable limits. However, deposits held at Vio and MidFirst Bank are combined when calculating your total FDIC coverage.
Key features:
- 3.40% APY
- $100 minimum opening deposit
- No monthly maintenance fee
- Daily compounding
- Online account management
- FDIC-insured deposits within applicable limits
The account does not provide checks or a debit card. ACH deposits may also be held for five business days. Customers who choose paper statements must pay a $5 monthly charge.
Pros:
- Low opening deposit
- No monthly maintenance fee
- Simple online management
- Daily compounding
Cons:
- Lowest APY in this comparison
- No checks or debit card
- Five-business-day hold may apply to ACH deposits
- Paper statements cost $5 per month
Vio may suit someone who wants a basic online money market account and does not need checks, ATM access, or frequent withdrawals.
Review the account on theVio Bank Cornerstone Money Market Savings page.
What Should You Compare Besides the APY?
A higher money market account APY can increase your earnings, but it should not be the only factor behind your decision.
Balance requirements
Check three different numbers before opening an account:
- The minimum deposit needed to open it
- The balance needed to earn the advertised APY
- The balance needed to avoid a monthly fee
These amounts are not always the same. For example, an account may let you open it with a small deposit but require a much larger balance to earn its best rate.
Access to your funds
Consider how you plan to use the money. Electronic transfers may be enough for an emergency fund you rarely touch. Checks, a debit card, or ATM access may be more important if you expect to make regular withdrawals.
You should also review daily transfer limits, monthly limits, and deposit holds. These rules affect how quickly you can access a large balance.
Account fees
Monthly maintenance fees can reduce the benefit of a higher APY. You should also check for wire fees, paper-statement charges, returned-payment fees, and other service costs.
If two accounts offer similar rates, the one with fewer fees may help you keep more of your earnings.
Deposit protection
Confirm that the provider is an FDIC-insured bank. Eligible bank deposits are generally protected up to $250,000 per depositor, per insured bank, and per ownership category.
Accounts held under different brand names may sometimes be offered by the same bank. In that case, the balances may be combined when calculating coverage.
Money Market Account vs. High-Yield Savings Account
Money market accounts and high-yield savings accounts both help you earn a return while keeping funds accessible. The main difference is often how you can use the money.
| Feature | Money Market Account | High-Yield Savings Account |
|---|---|---|
| Main purpose | Saving with possible spending access | Growing savings digitally |
| Checks | Available with some accounts | Usually not available |
| Debit card | Sometimes included | Less common |
| APY | Usually variable | Usually variable |
| Bank protection | Available at FDIC-insured banks | Available at FDIC-insured banks |
| Access | Transfers, checks, cards, or ATMs | Mainly electronic transfers |
A money market account may be more useful if you want to write checks or use a debit card. A high-yield savings account may be enough if you only need online transfers.
Which Money Market Account Is Best?
CFG Bank has the highest money market rate among the five providers we reviewed. However, its minimum balance, monthly fee, and transfer limits mean it will not be the best choice for everyone.
Quontic may be better if you want checks, ATM access, and a debit card. ZYNLO is worth considering if you want no minimums or transaction limits. Sallie Mae offers check writing without an opening deposit, while Vio provides a simple online option.
Before opening an account, visit the provider’s website and confirm the latest APY, fees, minimums, transfer rules, and FDIC coverage.
Consider a Different Way to Earn With PureFi
PureFi is not a money market account or a bank. It is a digital savings platform that lets you purchase shares connected to income-producing real estate.
PureFi advertises up to 6% projected APY. The yield comes from rent and possible changes in property value, rather than a bank deposit. There is no monthly fee or minimum balance, although a one-time fee applies when you purchase property shares.
Because PureFi is not a bank account, funds are not FDIC-insured. Returns are variable, are not guaranteed, and property shares can lose value. It may suit people who understand these differences and want to add real estate-based earning potential to their wider savings plan.
