The most significant benefit of money market accounts is that they offer high annual percentage yields (APY). While the exact ...

Safety. MMA funds are insured when held with banks backed by the FDIC or credit unions backed by the NCUA. Balance requirements. Many money market accounts require high deposits to open and high ...

However, that hasn’t discouraged investors from pouring money into U.S. money-market funds. Don't miss Accredited investors ...

All of the banks on this list are FDIC-insured. (See our methodology for more information on how we chose the best money market accounts.) Best money market rates of December 2024 Ally Bank ...

Earn 4.66% Annual Percentage Yield (APY). $100 minimum deposit. FDIC Insured. The Vio Bank Cornerstone Money Market Savings Account stands out for its low minimum opening deposit and competitive ...

As with other deposit accounts, MMAs are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA). A money market account works ...

This makes it a great bank for avoiding ATM fees. Like most banks, Ally Bank is FDIC-insured. This means that the money in your Ally Money Market Account is insured up to $250,000 per person ...