Top 12 based on variable annual percentage yield (APY %):

APY %	Institution	Min Deposit	Fee
4.01	Brilliant Bank	$1,000	$0
4	Redneck Bank	$500	$0
3.83	UFB Direct	$0	$10
3.52	Vio Bank	$100	$0
3.25	Prime Alliance Bank	$0	$0
3.2	Sallie Mae	$0	$0
3.04	First Internet Bank of Indiana	$100	$5
3	Ally Bank	$0	$0
3	Quontic Bank	$100	$0
2.9	Discover Bank	$2,500	$0
2.25	TIAA Bank	$500	$0
2.25	Zynlo Bank	$10	$0

What is Money Market account

A money market account (MMA) or money market deposit account (MMDA) is a deposit account that pays interest based on current interest rates in the money markets.

The interest rates paid are generally higher than those of savings accounts and checking (transaction) accounts; however, some banks will require higher minimum balances in money market accounts to avoid monthly fees and to earn interest.

Checking vs Savings vs MMA vs High-Yield Savings vs CD

	Checking	Savings	Money Market Account	High-Yield Savings	Certificate of Deposit
Interest Rate	Low	Higher than Checking	Higher than Savings	Higher than MMA	Highest
APY Variability	Variable	Variable	Variable	Variable	Fixed, with exceptions like variable rate CDs
Withdrawals	Unlimited	Unlimited (restriction lifted in 2020 by the Federal Reserve to allow more than six withdrawals or transfers)	Unlimited (restriction lifted in 2020 by the Federal Reserve to allow more than six withdrawals or transfers)	Unlimited (restriction lifted in 2020 by the Federal Reserve to allow more than six withdrawals or transfers)	None, unless a penalty fee is paid for early withdrawal
Minimum Balance	Low, or no minimum balance required	Low, or no minimum balance required	Low, or no minimum balance required	Low, or no minimum balance required	$500+
Debit Card	Available	Not available	Available	Not available	Not available
Check Writing	Available	Not available	Available	Not available	Not available