Best Money Market Accounts May 2024

Save your cash in one of the best money market accounts available.

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Money market accounts are interest-bearing accounts at a bank or credit union. These accounts usually have higher interest rates than traditional savings accounts and are safe options to save your money for short-term savings goals. Money market accounts differ from traditional savings accounts, as they allow check-writing privileges and sometimes come with a debit card that can be used to access money at an ATM. Therefore, they provide a higher level of liquidity you likely won’t find in other high-yield savings accounts. The APY of a money market account includes compounding interest, which is usually credited monthly.

Top money market accounts right now

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.