Rate Comparison
Best Money Market Account 2026
A money market account (MMA) pays savings-rate yields plus adds checking features like check-writing or a debit card. For people who want one account that handles both savings and occasional check payments, an MMA is the right tool. Vio Bank leads at 5.02% APY.
Money Market Account Comparison
| Bank | APY | Min. | Checks | Debit |
|---|---|---|---|---|
Vio Bank Cornerstone MMA Best rate | 5.02% | $100 | Yes | No |
Sallie Mae MMA Debit card + strong rate | 4.75% | $0 | No | Yes |
CIT Bank Money Market No-fee, solid yield | 4.65% | $100 | No | Yes |
Ally Money Market Best full-service MMA | 4.20% | $0 | Yes | Yes |
Discover Money Market Checks + debit + Discover | 4.00% | $2,500 | Yes | Yes |
Rates verified May 2026. Not financial advice.
MMA vs HYSA: Which Is Right for You?
If you never write checks from your savings, a HYSA at 5.00% from Wealthfront beats every MMA on this list by rate alone. Use a HYSA for pure savings.
If you need to occasionally write checks from your savings — paying a contractor, splitting a security deposit, making a property tax payment — an MMA gives you that access while still earning a market rate. Vio Bank at 5.02% APY is competitive with top HYSAs while adding check-writing.
Frequently Asked Questions
What is the difference between a money market account and a HYSA?
A money market account (MMA) typically includes check-writing privileges and sometimes a debit card. A high yield savings account (HYSA) usually does not. Both earn competitive rates. An MMA is useful if you want to access funds by writing a check directly.
Is a money market account FDIC insured?
Yes, at FDIC-member banks. All accounts on this list are FDIC insured up to $250,000 per depositor. Money market accounts at banks are not the same as money market funds at brokerages, which are not FDIC insured.
Can I write checks from a money market account?
It depends on the account. Vio Bank Cornerstone MMA and Ally Money Market both allow check-writing. Sallie Mae and CIT Bank do not. Check each provider's terms before opening.
How many withdrawals can I make from a money market account?
The Federal Reserve lifted the 6-withdrawal-per-month limit (Regulation D) in 2020. Most banks have not reimposed it, but some still do. Check your bank's specific terms. Ally, Capital One, and Marcus have confirmed there is no limit.
Is a money market account better than a savings account?
Not necessarily better — just different. An MMA adds check-writing access on top of savings-account yields. If you do not need to write checks from your savings, a HYSA at the same or higher rate is simpler. If you do need checks, an MMA is the right tool.