Best Banks for Money Market Accounts for 2027

0Our top picks for best banks for money market accounts for 2027The companies listed below are organized alphabetically:

CFG Community Bank: High Yield Money Market

TotalBank: Online Money Market Deposit Account

*Rates and APYs are subject to change. All information provided here is accurate as of Oct. 7, 2026.

Bank5 Connect’s money market account has a reasonable $100 minimum opening requirement and a $100 balance requirement to earn the advertised interest rate, and it comes with a checking-writing capabilities and a debit card. Currently, the bank offers an APY of 4% APY. There are no monthly fees or maintenance fees, and Bank5 Connect offers online and mobile banking through its app. Customer service is available seven days a week via chat, phone, email and video support.

This account from CFG Community Bank made Money’s list thanks to its attractive 4.05% APY, but it only makes sense to open this account if you’re going to maintain a balance of at least $1,000. Not only is that the required minimum opening deposit, but if your balance drops below that amount, you won’t earn the APY and you’ll face a $10 monthly fee. It’s also important to note that your funds won’t be available for withdrawal for the first 30 days after you open the account. There are no check-writing privileges with this account. CFG does have brick-and-mortar branches, but only in Maryland.

EverBank‘s Performance Money Market account doesn’t have a minimum opening deposit requirement, but it requires a $10,000 balance to take advantage of its top APY of 4.1%. For balances of $9,999.99 and lower, the money market account yields 2.02%. There are no monthly maintenance fees and customers have access to checks, debit cards, free bill pay and mobile check deposits. Notably, to open a Performance Money Market account, you have to visit an EverBank financial center.

Quontic Bank‘s money market account offers an APY of 3.9% with no minimum balance requirement and no monthly maintenance fees. It also has a reasonable minimum opening deposit of $100. You get checking-writing privileges and can request a free debit card after having the account open for 30 days. However, there is a limit of six withdrawals per statement cycle. It’s also important to note that the daily and monthly external transfer limits at Quontic range from $2,000 daily to $10,000 monthly, and you’ll have to create an account and login to see what those are. The account doesn’t charge a monthly maintenance fee.

Sallie Mae’s money market account currently offers an APY of 3.6%, which is around four times the national average. Notably, the online bank has no minimum deposit requirement, no minimum balance requirement, and it doesn’t charge monthly fees or maintenance fees. Sallie Mae also offers online and mobile banking via its app. There is no debit card, but account holders do have check-writing privileges.

TotalBank‘s online money market deposit account currently offers an APY of 4.17%. The bank doesn’t charge monthly maintenance fees, and its high deposit limit of $1 million allows customers to generate significant yield. However, there is a $2,500 balance requirement to access that APY, as well as a prohibitively high $25,000 minimum deposit to open the account. For balances under $2,500, the APY is 0%. Additionally, the bank does not allow check or debit card transactions.

ZYNLO‘s money market account offers an appealing 3.9% APY and is notable for its ease of use. You only need $10 to open the account, and there’s no minimum balance required to earn the advertised APY. Unlike some banks, you’re not limited to a certain number of withdrawals a month, and there’s no monthly maintenance fee. Although ZYNLO is a division of PeoplesBank, in-person customer service isn’t available. Customer service is available by phone 24/7. There are no overdraft or non-sufficient fund fees, but there are also no check-writing capabilities.

To find the best money market accounts, Money collected APYs from around 60 of the largest and most popular banks, credit unions and online banks. We assessed what the APY was for each balance tier, and determined whether the advertised APYs were introductory promotions.

While APYs were our main focus, we also collected information on the accounts’ minimum opening deposits, balance requirements, fees and debit card and check-writing availability. AI was not used in the sourcing of Best Banks’ data, the analysis of that data or the content subsequently produced by Money’s editorial team. You can read our full methodology here.

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