11 best money market accounts of June 2026: Earn up to 4.00% APY

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. CNBC Select will update as changes are made public.

Money market accounts (MMAs) are hybrid deposit accounts that combine interest rates comparable to what you'd get with a high-yield savings account and the liquidity you'd find with a checking account.

CNBC Select compared more than 20 MMAs to find the best, with above-average APYs, check-writing privileges, debit cards and access to ATM networks. For more on how we made our selections, read our methodology.

The above-average APY offered with the EverBank Performance℠ Money Market is only available for the first year and caps out at $250,000, but there is no minimum requirement or monthly fees.

Checking account features: checks and a debit/ATM card, out-of-network ATM fees are reimbursed

CFG Bank High Yield Money Market Account is great if you're chasing higher returns and don't need immediate access to your money. It maintains a super-competitive APY, with interest that compounds daily and pays out to the account monthly.

You'll need to maintain a $1,000 balance to earn that rate and have the $10 monthly fee waived. In addition, funds must be transferred to an external account to access and monthly transaction limits apply.

Checking account features: No check-writing privileges or debit/ATM card.

The Ally Bank Money Market Account is a straightforward option with a healthy APY and daily compounding. There are no balance tiers, no monthly fees, no minimum balance requirement and no charge for overdrafts.

Checking account features: Savers get fee-free access to 75,000+ ATMs in the Allpoint and MoneyPass networks and a $10 credit each month for out-of-network fees. Unlike Ally's high-yield savings account, the MMA comes with a debit card and check-writing privileges.

You won't have to meet any balance minimums or pay monthly fees to enjoy a healthy APY with a Sallie Mae Money Market Account.

Checking account features: Check-writing capabilities but no debit/ATM card access

The Vio Bank Cornerstone Money Market Savings Account has a great APY with a $100 opening deposit and no account balance requirement.

Checking account features: No checks or debit/ATM card access

The UFB Portfolio Money Market offers one of the highest APYs we've seen, although you need to deposit at least $5,000 to open the account and avoid the $10 monthly maintenance fee.

Checking account features: Checks and debit/ATM card access

Online-only ZYNLO Bank offers a highly competitive APY on its MMA, and you only need $10 to open. The cap on the higher return is $250,000, and there's no minimum balance requirement, no limits on transactions and no monthly fees or penalties.

Checking account features: No ATM/debit card or check-writing privileges

The online-only First Internet Bank of Indiana Money Market Savings has a healthy APY, but it's only available on daily balances above $1 million.

Checking account features: Debit/ATM card but no check-writing privileges

The APY on a Prime Alliance Bank Personal Money Market is on the higher end, with no minimum or monthly maintenance fee. Savers can make unlimited deposits and up to six withdrawals/transfers per month.

Checking account features: No checks, debit or ATM card access

Currently, the Quontic Bank Money Market Account has the highest APY on this list, with no account minimum or cap, no monthly fee and only a $100 opening account requirement.

Checking account features: Checks and a debit/ATM card

The Redneck Bank Mega Money Market® comes with one of the most generous APYs on this list for balances of up to $100,000. There's no minimum balance r requirement and you only need to deposit $500 at opening to qualify.

Checking account features: Check-writing privileges and a Redneck Bank Mastercard^® debit card with access to 1,000s of ATMs worldwide

A money market account is a savings account that has some features of a checking account, such as check-writing privileges, debit cards and access to free ATMs.

Despite easy access, money market accounts earn rates more in line with those of high-yield savings accounts. Interest is variable, so the rate you got when you opened the account is not guaranteed forever.

They may sound alike, but money market accounts are not the same as money market funds. Your cash isn't in the stock market and deposits are FDIC-insured up to $250,000 per account.

Any savings account will earn you interest. The main difference is that money market accounts provide easier access to cash. You may be able to write checks, use a debit card linked to your account or take out funds with an ATM card.

In addition, MMAs typically earn higher returns than traditional savings accounts, on par with HYSAs.

Both MMAs and HYSAs usually have APYs that outpace standard savings accounts. HYSAs tend to have somewhat higher returns, but they're mostly offered by online banks and have more hurdles for cash withdrawals.

HYSAs also lack access to debit cards and check-writing.

A money market account is a good fit for people who want their savings to earn more interest while still keeping their money easily accessible.

You might benefit from a money market account if you are:

• Building an emergency fund: You can earn interest while keeping money handy for unexpected expenses
• Looking for higher interest rates: Money market accounts pay more than traditional savings accounts
• In need of easy cash access: MMAs often come with ATM or debit cards
• Have a higher account balance: Most MMAs don't cap higher APY
• Prefer lower-risk savings vehicles: money market accounts are considered low risk because they're insured by the FDIC or NCUA for up to $250,000 per depositor and are invested in secure, short-term securities.

If money market accounts aren't ideal, there are other places to park your cash:

• High-yield savings accounts: HYSAs offer competitive interest rates, but no checking account features.
• CDs: Certificates of deposit (CDs) offer fixed interest rates for a set term, so your return is guaranteed. In addition, you typically can't access the funds before the term is over without paying a penalty.
• Checking-savings combos: Some banks offer linked checking and savings accounts that come with solid yields. These can be a convenient option if you want to earn interest while keeping your money integrated with everyday spending, but you may need to meet certain balance requirements.

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed financial decisions. Every money market account list is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of savings and banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.

To determine which money market accounts offer the best return, CNBC Select analyzed dozens of options offered by brick-and-mortar banks, credit unions and fintech companies.

We found that the APYs offered by online banks and credit unions far outpaced most branch banks. We did not include any credit unions, however, because of their limits on memberships.

We prioritized accounts that offer competitive APYs or above-average rates. We also compared each on a range of features, including check-writing privileges, debit card and ATM access, account minimums and customer reviews. We considered users' deposit options and the frequency with which interest compounds,

We also took into account CNBC Select audience data when available, such as general demographics and engagement with our content and tools.

All of the money market accounts included on this list are FDIC-insured up to $250,000 per person. If you are opening a joint money market account, the insurance limit is doubled.

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