The best money market account rate available nationally is 4.00% APY at Brilliant Bank, more than seven times the FDIC's national average of 0.61% APY for these accounts. Money market accounts work like a hybrid of savings and checking, and dozens of banks currently pay well above that average. This roundup reflects rates verified as of June 16, 2026.
Key Takeaways
- Top nationally available money market rates currently range from 3.00% to 4.00% APY, all far above the FDIC average.
- Money market accounts let you write checks, a feature that separates them from most high yield savings accounts.
- The Federal Reserve has held its benchmark rate at 3.50% to 3.75% for three straight meetings, so money market yields have been relatively stable but could fall if the Fed cuts later this year.
- Every account listed here is FDIC or NCUA insured up to $250,000 per depositor, per institution.
- Minimum deposits, monthly fees and withdrawal limits vary widely, so the highest APY isn't always the best fit for every saver.
How the Top Money Market Account Rates Compare Right Now
Rates below are ranked by APY, and when two institutions share a rate, the one with the smaller minimum balance requirement is listed first. Every bank and credit union here carries FDIC or NCUA coverage.
| Institution | APY | Minimum Opening Deposit | Monthly Fee |
|---|---|---|---|
| Brilliant Bank | 4.00% | $1,000 | None with $2,000 balance; otherwise $10 |
| All America Bank | 3.85% | $500 | None |
| Redneck Bank | 3.85% | $500 | None |
| Quontic Bank | 3.80% | $100 | None |
| Prime Alliance Bank | 3.75% | $0 | None |
| Sallie Mae Bank | 3.50% | $0 | None |
| Merchants Bank of Indiana | 3.50% | $50 | None |
| BankUnited | 3.50% | $2,500 | None with $2,500 balance; otherwise $15 |
| Northern Bank Direct | 3.50% | $5,000 | None |
| Presidential Bank | 3.50% | $25,000 | None with $25,000 balance; otherwise $5 |
| My eBanc | 3.40% | $5,000 | None with $5,000 balance; otherwise $15 |
| UFB Direct | 3.26% | $0 | None with $5,000 balance; otherwise $10 |
| HUSTL Digital Credit Union | 3.25% | Any amount | None |
| Spectrum Federal Credit Union | 3.10% | Any amount | None |
| Ally Bank | 3.00% | Any amount | None |
| nbkc | 3.00% | Any amount | None |
A few accounts come with caveats worth flagging. All America Bank and Redneck Bank, which share ownership, only pay their top rate on balances up to $100,000; anything above that earns a lower rate. Brilliant Bank's online accounts aren't open to residents of Arkansas, Kansas, Missouri or Oklahoma, the states where its parent, Equity Bank, has physical branches. Spectrum Federal Credit Union requires a $25,000 balance to actually earn its stated 3.10% APY, and joining that credit union means donating $15 to the Contra Costa County Historical Society. HUSTL Digital Credit Union offers check writing in name, but you have to source paper checks yourself since HUSTL doesn't issue them.
What Actually Makes an Account a Money Market Account
A money market account pays a variable interest rate, similar to a savings account, but adds check writing privileges that most savings accounts don't offer. That combination makes it a useful home for money you don't need for daily spending but still want to reach quickly, whether through a transfer, a debit card or an actual paper check.
These accounts are not the same thing as money market funds or money market mutual funds, which are investment products sold through brokerages and can fluctuate in value. The accounts covered here are deposit accounts at banks and credit unions. Aside from fees, your principal cannot lose value, and federal deposit insurance protects your balance up to $250,000 per depositor, per institution.
One caution: some banks slap the words
