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Foremost Money Market Accounts 2017

Foremost Money Market Accounts 2017
December 07
13:31 2017
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Have no text to check? Have no text to check? Click “Select Samples”.Money market accounts are a safe place to stash your savings at a competitive interest rate while providing easy access to your funds. Keep in mind, though, when it comes to interest rates, high-yield savings accounts may be just as good — or better.

Is an MMA right for you?
Weigh your options: High-yield savings with rates that beat money market accounts mean you’ll come out ahead in the long run, and the best savings accounts have low to no minimum deposits. MMAs often require a heftier deposit but are more likely to offer use of a debit card and the ability to write checks.

To help you compare, we curated the best money market accounts and high-yield savings options. Here are our favorites:

Best money market accounts
UFB Direct: 1.41% APY
Everbank: 1.31% APY
Capital One: 1.30% APY
Bank of Internet: 1.05% APY
Discover: 1.05% APY
Money Market Account

at UFB Direct

APY: 1.41%
Account minimum: $5,000
Bonus features: Free Visa debit card and check-writing privileges
UFB’s APY is stellar, but if your balance falls below $5,000, you’re subject to a $10 monthly fee.The online-only bank makes it easy to access funds, including writing a check to meet a surprise expense. You’re limited to six transactions out of the account per month from checks, debit cards or online payments or transfers. That’s standard across banks.
High Yield Savings

at CIT

APY: 1.35%
Account minimum: $100
Bonus features: No monthly fee
The account’s 1.35% rate is good for balances up to $250,000. Higher balances earn 1.30%, still a strong rate. The bank has no checking
High Yield Savings

at Goldman Sachs Bank

APY: 1.30%
Account minimum: $1
Bonus features: No monthly fee; bank’s CD rates are also strong
Goldman Sachs Bank USA has no checking account, no mobile app and no access to an ATM network. This is a spot for storing your savings and taking advantage of the APY. For CD rates and more
Money Market Account

at EverBank

APY: 1.31% one-year promotional rate
Account minimum: $5,000
Bonus features: Regular MMA rate 1.01%; with $5,000 balance, third-party ATM fees reimbursed
High Yield Savings

at Synchrony

APY: 1.30%
Account minimum: None
Bonus features: No monthly fee; offers ATM card
With Synchrony, you don’t get a checking account, but you can still get a bank card and access to free ATMs. If ATM operators charge a fee, Synchrony reimburses up to $5 a month.
High Yield Savings

at Ally

APY: 1.25%
Account minimum: None
Bonus features: No monthly fee; great digital experience; real-time chat
Ally’s mobile apps work with Apple, Android and Windows devices. Its website is easy to use, and there are multiple channels for customer help. EverBank offers its 1.31% introductory rate on balances up to $250,000. The special rate lasts a year before the standard money market rate of 1.01% kicks in. EverBank doesn’t charge monthly maintenance or ATM fees. If you maintain a balance of $5,000, the bank reimburses any ATM fees charged by other banks.
High Yield Savings

at Barclays

APY: 1.30%
Account minimum: None
Bonus features: No monthly fee
↓ View details
Barclays’ savings rate is strong incentive to park your cash. Be aware, though, there’s no checking option, no ATM network or branches and no mobile app for U.S. customers.
Money Market Account

APY: 1.05%
Account minimum: None
Bonus features: No monthly fee; free Visa debit card; check-writing privileges
Bank of Internet combines its competitive interest rate with the use of a debit card and the ability to write checks.
Money Market Account

at Discover

APY: 1.05%
Account minimum: $2,500
Bonus features: APY for $100,000-plus is 1.10%; highly rated mobile apps
Discover’s money market account has an attractive 1.05% APY on balances below $100,000. If you have more to deposit, the rate is 1.10%.

The bank, which operates online, has over 60,000 ATMs in its network. Discover also has a mobile app for iOS and Android devices that gets great ratings. The minimum opening deposit for a money market account is $2,500. If your balance drops below that amount — say, from withdrawals — there’s a $10 monthly maintenance fee.

Money Market Account

APY: 1.30%
Account minimum: $10,000
Bonus features: Great digital tools to create goals, automate savings
Capital One’s fee-free 360 Money Market account provides a high rate of 1.30% as well as access to digital tools to help you create goals and automate savings.
To get that rate, however, you’ll need a balance of $10,000 or more. Otherwise, you’ll have to settle for a rate of 0.60% on balances up to $9,999. Still, that’s head and shoulders above the national average rate on money market accounts. There’s no minimum deposit requir

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