- Our High 10 Cash Market Account Picks
- 1. Quontic Financial institution – 4.10% APY
- 2. Sensible Financial institution – 4.00% APY
- 3. American First Credit score Union – 3.90% APY
- 4. Western Alliance Financial institution – 3.80% APY
- 5. Dwell Oak Financial institution – 3.80% APY
- 6. Hanover Financial institution – 3.80% APY
- 7. Blue Federal Credit score Union – 3.75% APY
- 8. Brio Direct – 3.75% APY
- 9. Vio Financial institution – 3.70% APY
- 10. RBMAX by Republic Financial institution – 3.15% APY
- The Distinction Between A Financial savings Account And A Cash Market Account
- How Necessary Is Your Cash Market Price?
- Cash Market Accounts (MMA) vs. Certificates of Deposit (CDs)
- Why Ought to You Belief Us?
- Widespread Cash Market Questions
- Closing Ideas
In case you’re seeking to get a greater rate of interest in your financial savings, it’s essential to take into account opening a cash market account.
Cash market accounts function extraordinarily just like financial savings accounts, and they’re obtainable at most banks. Nonetheless, you are usually going to seek out one of the best cash market accounts at on-line banks.
A cash market account generally is a good spot to park your financial savings, your emergency fund, your down cost for your own home, or some other giant sum of money.
We break down our favourite cash market accounts, in addition to present a listing of one of the best cash market accounts on a regular basis in our desk that updates each day. On condition that rates of interest change each day, be sure you test the desk to get one of the best charges.
Our High 10 Cash Market Account Picks
We consider cash market accounts (MMA) based mostly on their annual proportion fee (the curiosity you obtain), the minimal stability necessities, and the phrases and circumstances of getting the account.
Based mostly on that, listed here are our suggestions of one of the best cash market accounts.
Be aware: Annual proportion yields (APYs) proven are as of January 13, 2026. The School Investor’s crew updates this info usually, usually Monday-Friday. Charges might have modified since they had been final up to date and will differ by area for some merchandise.
1. Quontic Financial institution – 4.10% APY
Quontic Bank based in 2009 to supply a web-based banking expertise throughout the nation. Plus, it has a brick-and-mortar location in New York Metropolis.
You possibly can at the moment get 4.10%
APY with only a $100 minimal opening deposit. There aren’t any month-to-month charges or different minimal stability necessities.
Since it is a conventional financial institution, your cash is FDIC insured.
Learn our full Quontic Bank review here.
2. Sensible Financial institution – 4.00% APY
Brilliant Bank is a division of Fairness Financial institution, which holds over $5 billion in property and has places in 4 states. In contrast to its dad or mum, Sensible Financial institution is an online-only banking choice.
They provide one of many high cash market accounts proper now. It does require a $1,000 minimal stability to open.
Proper now, you’ll be able to earn 4.00% APY in your total stability! And sure, it is FDIC insured!
Learn our full Brilliant Bank review here.
3. American First Credit score Union – 3.90% APY
American First Credit Union was based in 1952 and has been providing compelling on-line financial savings and cash market accounts for a number of years.
You possibly can at the moment get 3.90%
APY with only a $1 minimal opening deposit.
Proper now, they’re offing the next tiered bonus, paid in quarterly installments:
- Deposit $10,000: $20 Quarterly Bonus, $80 Whole Potential Bonus
- Deposit $25,000: $50 Quarterly Bonus, $200 Whole Potential Bonus
- Deposit $50,000: $100 Quarterly Bonus, $400 Whole Potential Bonus
- Deposit $100,000: $200 Quarterly Bonus, $800 Whole Potential Bonus
- Deposit $250,000: $500 Quarterly Bonus, $2,000 Whole Potential Bonus
It’s also possible to add extra funds anytime earlier than the following bonus deadline to maneuver up a tier and earn much more.
This bonus is open to all new clients for all merchandise. The primary deposit date should be between December 1, 2025 at 12:00 AM and January 14, 2026 11:59 PM. Prospects should enter the code `GIFT` on the time of sign-up to qualify. Funds should be deposited inside 14 days and maintained for 90 days.
Learn our full American First Credit Union Review here.
Earn as much as a $1,000 bonus!
4. Western Alliance Financial institution – 3.80% APY
Western Alliance Bank was based in 1994 and is without doubt one of the high 50 banks in america by quantity of deposits. They at the moment provide a high-yield financial savings account with a really aggressive fee.
This account has only a $500 minimal deposit to open and no account exercise or upkeep charges.
Proper now, you’ll be able to earn 3.80% APY* in your deposits. And sure, it is FDIC insured!
Learn our full Western Alliance Bank review here.
5. Dwell Oak Financial institution – 3.80% APY
Live Oak Bank affords each a high-yield savings account and CDs for private use. You possibly can open both of those accounts on-line and also you gained’t run into any upkeep charges.
You possibly can at the moment get 3.80%
APY and you can begin incomes with simply $0.01.
Learn our full Live Oak Bank review here.
6. Hanover Financial institution – 3.80% APY
Hanover Bank Money Market Account is a strong choice at a financial institution that is been round since 2009! In case you’re seeking to a strong financial institution to park your financial savings, test this one out.
You possibly can at the moment get 3.80%
APY with only a $1 minimal opening deposit.
Learn our full Hanover Bank review here.
7. Blue Federal Credit score Union – 3.75% APY
Blue Federal Credit Union is a credit score union that is been round since 1951, primarily serving these within the Air Drive (therefore the nod to “Blue”), however open to everybody by means of a web-based banking partnership with Raisin.
You possibly can at the moment get 3.75%
APY with only a $1 minimal opening deposit. There aren’t any month-to-month charges or different minimal stability necessities.
Since it is a credit score union, Blue FCU is insured by means of the NCUA.
Learn our full Blue Federal Credit Union review here.
8. Brio Direct – 3.75% APY
Brio Direct has been a well-liked on-line financial institution for years, as a sub-brand of Webster Financial institution, N.A. They’re recognized for providing nice high-yield financial savings accounts with extraordinarily aggressive charges.
Proper now, you’ll be able to earn 3.75% APY in your deposits. And sure, it is FDIC insured!
This account does have a $5,000 minimal deposit to open.
Learn our full Brio Direct review here.
9. Vio Financial institution – 3.70% APY
Vio Financial institution has traditionally been recognized for having a fantastic fee on their financial savings accounts. However they launched their Cornerstone Money Market Account, which has a improbable rate of interest with a low minimal deposit.
You possibly can at the moment get 3.70%
APY with only a $100 minimal opening deposit. There aren’t any month-to-month charges or different minimal stability necessities.
Vio Financial institution is FDIC insured as a division of MidFirst Financial institution.
Learn our full Vio Bank review here.
10. RBMAX by Republic Financial institution – 3.15% APY
RBMAX by Republic Bank is a digital checking account provided by Republic Financial institution. Republic Financial institution was based in 1982 and affords a full vary of banking companies, however RBMAX is their digital choice.
You possibly can at the moment get 3.15%
APY with only a $1 minimal opening deposit in partnership with Raisin.
Learn our full RBMAX review here.
The Distinction Between A Financial savings Account And A Cash Market Account
It is necessary to notice that there’s little or no distinction between a financial savings account and a money market account.
Each accounts are FDIC insured, each have limits on what number of checks and transfers you are able to do, and each are provided by banks, credit score unions, and funding corporations.
The large distinction is {that a} cash market account usually pays somewhat bit larger curiosity, however it additionally usually requires a barely larger minimal stability.
That is not at all times the case, although.
You possibly can try our list of the best high yield savings accounts here.
For instance, certainly one of our favourite picks, CIT Bank does solely have a $100 minimal, which is not a lot.
How Necessary Is Your Cash Market Price?
They key to incomes revenue together with your cash market account is to get one of the best fee doable. Too many individuals do not store round for one of the best charges on cash market accounts – costing them cash.
For instance, the Federal Reserve reports that the typical cash market account fee is at the moment simply 0.58% APY as of December 15, 2025.
In case you had been depositing $10,000, that will solely earn you $58 per yr.
Nonetheless, one of the best cash market charges now we have on our checklist above are incomes 4.00% APY. Meaning, on that very same $10,000 deposit, you’d earn $400 per yr! That is a $342 per yr distinction!
Cash Market Accounts (MMA) vs. Certificates of Deposit (CDs)
Cash markets even have the benefit over certificates of deposit as a result of they’re liquid – you will get the next rate of interest in your cash however you do not have to fret about tying your cash up for an extended time frame.
Whereas there are some CDs that earn larger charges than you may discover in a cash market account, these CDs usually have 5-10 yr time frames.
Relying on the place you open a cash market account, it is probably not FDIC insured. CDs are usually at all times FDIC insured. Be taught extra what it means to be FDIC insured here.
And in case you promote earlier than your expiration date, you usually face giant penalties.
You will get a glimpse of the best CD rates here, however in case you want liquid financial savings, you are higher off going with a financial savings account or cash market account.
Why Ought to You Belief Us?
The School Investor has been actively monitoring one of the best cash market charges since 2018, with a each day up to date checklist that screens roughly 50 banks and credit score unions which have a historical past of nice charges. However we are also at all times scouting out different banks which will compete on this checklist.
In contrast to different well-known firms who create “greatest cash market fee lists”, we try to place out charges so as highest to lowest in an effort to know you are really getting one of the best fee. And in case you do not make the minimize, too unhealthy. You’ll find the full list of our bank review here.
Widespread Cash Market Questions
This is our FAQ on cash markets based mostly on among the frequent questions we get.
What is the distinction between a cash market and financial savings account?
There’s little or no distinction between a financial savings account and a cash market account. Each accounts are FDIC insured, each have limits on what number of checks and transfers you are able to do, and each are provided by banks, credit score unions, and funding corporations.
The large distinction is {that a} cash market account usually pays somewhat bit larger curiosity, however it additionally usually requires a barely larger minimal stability.
What is the distinction between a cash market and a CD?
A CD is a banking product that has a structured time period, and you should maintain your cash in that CD for the time period with a view to get your curiosity cost. With a cash market account, you’ll be able to deposit and withdrawal your cash at any time.
Are cash market accounts FDIC insured?
Sure! Cash market accounts are FDIC insured.
Are cash market accounts provided solely at banks?
Cash market accounts are provided at banks, credit score unions, and even some brokerage corporations.
Do cash market accounts cost charges?
Some might cost month-to-month upkeep charges, particularly in case you do not maintain the minimal stability required. At all times just be sure you’re looking for charges!
Are you able to lose your cash in a cash market account?
No, you can’t lose cash in a cash market account so long as you are beneath the FDIC insurance deposit limits.
Closing Ideas
A cash market account may be an effective way to avoid wasting your cash.
You usually earn larger rates of interest, however there are some restrictions above and past what you often discover for financial savings accounts.
Similar to any account, be sure you’re opening one of the best cash market account to your wants so you’ll be able to reap the rewards.
Methodology
The School Investor is devoted to serving to you make knowledgeable selections round advanced monetary subjects like discovering one of the best cash market account. We do that by offering unbiased reviews of the top banks and money market accounts for our readers, after which we combination these selections into this checklist.
We now have picked cash market accounts based mostly on our opinions of how straightforward they’re to make use of, their prices and charges, any rates of interest and bonuses supplied, and a wide range of different components. We imagine that our checklist precisely displays one of the best cash market accounts within the market for customers.
Western Alliance Financial institution
* The annual proportion yield (APY) is correct as of January 8, 2026 and topic to vary on the Financial institution’s discretion. Confer with product’s web site for contemporary APY fee. Minimal deposit required to open an account is $500 and a minimal stability of $0.01 is required to earn the marketed APY.
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