Best High Yield Money Market Accounts (October 2026)
The highest money market account rates we verified at each bank's website, with minimums, fees and whether you get checks or a debit card.
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The highest money market rates we verified are 4.05% APY at Zynlo (no minimum to open) and CFG Bank ($1,000 minimum). Sallie Mae pays 3.60% with check writing and no minimum, and Ally pays 3.20% with checks, a debit card and 75,000+ fee free ATMs. The FDIC national average money market rate is 0.63% (as of Oct 19, 2026). Rates checked at each bank’s website on Oct 25, 2026.
A high yield money market account pays far more than the national average, and some let you write checks or use a debit card, which a savings account usually does not. Below are the best rates we found, what each account asks of you, and when a high yield savings account is the better choice.
Best money market account rates today
| Account | APY | Rate as of | Minimum | Checks or debit card | Monthly fee |
|---|---|---|---|---|---|
| Zynlo Money Market | 4.05% | Oct 10, 2026 | $0 | Not stated on its page | $0 |
| CFG Bank High Yield Money Market | 4.05% | Oct 27, 2026 | $1,000 | No checks or debit card | $10 if your daily balance drops below $1,000 |
| Sallie Mae Money Market | 3.60% | Oct 26, 2026 | $0 | Checks | No monthly fees |
| Vio Bank Cornerstone Money Market Savings | 3.40% | Oct 23, 2026 | $100 | Not stated on its page | $0 ($5 a month for paper statements) |
| Ally Bank Money Market | 3.20% | Oct 23, 2026 | No minimum to earn the APY | Checks and a debit card | $0 |
Each APY and its date come from the bank’s own website, checked Oct 25, 2026. Money market rates are variable and can change at any time.
How much would $10,000 earn in a year?
| Account | APY | Interest on $10,000 in a year |
|---|---|---|
| Zynlo Money Market | 4.05% | $405 |
| CFG Bank High Yield Money Market | 4.05% | $405 |
| Sallie Mae Money Market | 3.60% | $360 |
| Vio Bank Cornerstone Money Market Savings | 3.40% | $340 |
| Ally Bank Money Market | 3.20% | $320 |
| FDIC national average money market | 0.63% | $63 |
Assumes the APY stays the same for the full year and interest stays in the account.
The accounts, in detail
Zynlo Money Market: top rate with no minimum
Zynlo pays 4.05% APY (valid as of Oct 10, 2026) with no minimum to open, $0.01 to earn the APY and no monthly maintenance charge. Zynlo says there are no limits on transactions. Zynlo is a division of PeoplesBank in Holyoke, Massachusetts, so deposits are FDIC insured through PeoplesBank. Its money market page does not say whether you get checks or a debit card, so ask before you open if you need them.
CFG Bank High Yield Money Market: top rate for larger balances
CFG Bank also pays 4.05% APY (as of Oct 27, 2026), but you need $1,000 to open and must keep $1,000 every day to earn the APY and avoid a $10 monthly fee. This account is built for parking money, not spending it: there are no checks or debit card, external transfers are capped at $5,000 a day and $30,000 in any rolling 30 days, and new deposits are held for 5 days after you first fund it. CFG also offers CDs from $500.
Sallie Mae Money Market: check writing with no minimum
Sallie Mae pays 3.60% APY with no minimum balance and no monthly fees, and you can write checks from the account. Interest compounds daily and is paid monthly. Its rate table lists the rate as accurate as of Oct 26, 2026. See is Sallie Mae Bank legit? for how deposits are insured.
Vio Bank Cornerstone Money Market Savings: low minimum
Vio Bank pays 3.40% APY on all balances (effective Oct 23, 2026) with $100 to open and no monthly fee, as long as you choose electronic statements; paper statements cost $5 a month. Vio is the online division of MidFirst Bank in Oklahoma City. New deposits can be held for five business days.
Ally Bank Money Market: best for everyday access
Ally pays 3.20% APY (accurate as of Oct 23, 2026) with no minimum balance to earn the APY and no monthly maintenance fees. It is the only account here with both checks and a debit card, and you can make unlimited withdrawals at 75,000+ Allpoint and MoneyPass ATMs for free. If you want to spend straight from your savings, that access is worth the lower rate.
Money market account or high yield savings account?
The top savings account we track with no monthly rules, Pibank Savings, pays 4.40% APY (as of Oct 21, 2026). The money market accounts above pay up to 4.05%. Pick a money market account if you want checks or a debit card on your savings; pick a high yield savings account if you only move money by transfer and want the highest rate. Both are FDIC insured up to $250,000 per depositor, per ownership category. See high yield savings vs. money market account and our best high yield savings accounts.
What to check before you open
- The minimum to earn the APY. CFG needs $1,000 every day; drop below and you pay a $10 fee.
- How you get money out. Some money market accounts give you checks and a debit card; others, like CFG’s, only allow transfers, with daily limits.
- Who holds your money. Zynlo and Vio are divisions of larger banks. Deposits at the division and the parent bank share one FDIC limit. If you hold more than that, see how to insure more than $250,000.
- Money market account vs. money market fund. A money market fund at a brokerage is an investment and is not FDIC insured. Every account on this page is a bank deposit.
New to money market accounts? Start with what is a high yield money market account?
Rates are variable and can change at any time. Each rate shows the date the bank says it applies; we check every figure against the bank’s own website.
Frequently asked questions
What is the highest money market account rate right now?
The highest we verified is 4.05% APY at Zynlo (valid as of Oct 10, 2026) and CFG Bank (as of Oct 27, 2026). We checked both at the banks’ websites on Oct 25, 2026.
Are high yield money market accounts FDIC insured?
Yes, when they are at an FDIC insured bank. Every account on this page is insured up to $250,000 per depositor, per ownership category. A money market fund is different: it is an investment and is not FDIC insured.
Which money market account has checks and a debit card?
Of the accounts we compared, Ally Bank gives you both checks and a debit card. Sallie Mae lets you write checks. CFG Bank’s high yield money market has neither.
Is a money market account better than a high yield savings account?
It depends on how you use it. A money market account can give you checks or a debit card. A high yield savings account usually pays a little more but only moves money by transfer. Right now the top no rules savings account we track pays 4.40% APY.
How much does $10,000 earn in a money market account?
At 4.05% APY, about $405 in a year. At the FDIC national average money market rate, it earns about $63.
Compare today’s top savings rates
Happen Bank LevelUp SavingsAPY as of Oct 23, 20264.20%with $250 or more in deposits each monthReview →
