Want Some More Earnings? Invest In Money Market

Want to get some extra interest on your savings? Well, then money market accounts are made especially for you. Money market accounts are similar to operate as your savings account and are available in most of your area banks. Moreover, you can get the best money market accounts in online banking sectors. A money market accounts can help you out to gain more on your savings, emergency funds, and your large down payments for your house.

Best money market accounts

To fulfill your dream to earn more on your savings, you are advised to invest your money in the money market accounts. So here is a list of top money market account that will help you to grow:-

  • CIT- Bank:- Money market accounts of CIT bank offers you the best interest rates on your savings that you make with it. Their platform is also highly user friendly and will help you out in signing up and start your savings in minutes. When you meet the desired requirements, you will probably be earning around .60% APY with this account. You will get the interest on all the money you have in your account, and also there are minimum balance options that can offer you to start on a nominal amount.
  • Discover Bank:- Being famous for its credit card policies, a few people have noticed that they offer much more than only credit cards. This bank’s money market account will provide you with some higher rates of interest for the holders who keep a balance of more than $100000 balance in your account. Now they are offering you around .50% return on balances over $100000 and .45% APY for balances that are below $100000.
  • AXOS:- Axos is also among the list of top interest-paying online banks that would allow owning a money market account and helps you in earning more money. The bank was historically known for the competitive checking accounts but is growing fast in today’s money market accounts. The bank offers a substantial interest and that too not on only high balances accounts, one require just $1000 to be a part of there fast paying returns. At present bank is offering .70% APY on all types of balances.
  • Marcus bank:- The bank is run by Goldman Sachs and offering good returns over this competitive market on their banking products. The bank provides few benefits such as no minimum deposits and no transaction fees, which makes maintaining the money market account much easier for the user. At present, the bank is offering .60% APY.
  • Nationwide:- This insurance-based company has emerged as an excellent competition to the banking sector nowadays; they are also famous for their Nationwide Money Market Plus accounts. The condition to bank with their account is that you need to maintain $1000 as a minimum amount to open. The user also needs to maintain $1000 as the monthly average balance to avoid maintenance fees.
  • Barclays:- This bank offers a standard online savings account that is no less than a money market account. No minimum balance is required to be maintained in this account, unlike all other money market account asks for. The bank serves as your old traditional bank and does not charge any kind of maintenance fees. 0.60% is the APY that you will currently get.
  • BMO harris:- BMO Harris Bank is a new bank in this online market, but this bank is famous for its working in the basic banking sector. Being new to this world, the bank is providing some marvelously high returns on an online savings account. You can currently earn around 0.499% of APY and will require to maintain a minimum balance of $5000.
  • Capital one 360:- This bank is also an online bank, which is well known for their credit cards. The bank is spreading its existence very fast in the market. The bank has something extra for their customer, which they call bonuses on opening a new account and also doesn’t charge any monthly fees. For all those who are searching for more benefits, than only returns can choose this bank for their money market accounts.
  • UFB:- UFB bank is a famous name in the banking sector, which has atop yield in the money market. The thing that goes in negative to this bank is that you have to maintain a high balance in your account to earn good returns. You need to have around $25000 in the account to earn interest, but if you do not keep at least $5000 as the minimum balance, you will be charged $10 as a monthly fees.

Here we are done with some of the good options for you to grow your money at a faster scale.

Best money market accounts

To fulfill your dream to earn more on your savings, you are advised to invest your money in the money market accounts. So here is a list of top money market account that will help you to grow:-

  • CIT- Bank:- Money market accounts of CIT bank offers you the best interest rates on your savings that you make with it. Their platform is also highly user friendly and will help you out in signing up and start your savings in minutes. When you meet the desired requirements, you will probably be earning around .60% APY with this account. You will get the interest on all the money you have in your account, and also there are minimum balance options that can offer you to start on a nominal amount.
  • Discover Bank:- Being famous for its credit card policies, a few people have noticed that they offer much more than only credit cards. This bank’s money market account will provide you with some higher rates of interest for the holders who keep a balance of more than $100000 balance in your account. Now they are offering you around .50% return on balances over $100000 and .45% APY for balances that are below $100000.
  • AXOS:- Axos is also among the list of top interest-paying online banks that would allow owning a money market account and helps you in earning more money. The bank was historically known for the competitive checking accounts but is growing fast in today’s money market accounts. The bank offers a substantial interest and that too not on only high balances accounts, one require just $1000 to be a part of there fast paying returns. At present bank is offering .70% APY on all types of balances.
  • Marcus bank:- The bank is run by Goldman Sachs and offering good returns over this competitive market on their banking products. The bank provides few benefits such as no minimum deposits and no transaction fees, which makes maintaining the money market account much easier for the user. At present, the bank is offering .60% APY.
  • Nationwide:- This insurance-based company has emerged as an excellent competition to the banking sector nowadays; they are also famous for their Nationwide Money Market Plus accounts. The condition to bank with their account is that you need to maintain $1000 as a minimum amount to open. The user also needs to maintain $1000 as the monthly average balance to avoid maintenance fees.
  • Barclays:- This bank offers a standard online savings account that is no less than a money market account. No minimum balance is required to be maintained in this account, unlike all other money market account asks for. The bank serves as your old traditional bank and does not charge any kind of maintenance fees. 0.60% is the APY that you will currently get.
  • BMO harris:- BMO Harris Bank is a new bank in this online market, but this bank is famous for its working in the basic banking sector. Being new to this world, the bank is providing some marvelously high returns on an online savings account. You can currently earn around 0.499% of APY and will require to maintain a minimum balance of $5000.
  • Capital one 360:- This bank is also an online bank, which is well known for their credit cards. The bank is spreading its existence very fast in the market. The bank has something extra for their customer, which they call bonuses on opening a new account and also doesn’t charge any monthly fees. For all those who are searching for more benefits, than only returns can choose this bank for their money market accounts.
  • UFB:- UFB bank is a famous name in the banking sector, which has atop yield in the money market. The thing that goes in negative to this bank is that you have to maintain a high balance in your account to earn good returns. You need to have around $25000 in the account to earn interest, but if you do not keep at least $5000 as the minimum balance, you will be charged $10 as a monthly fees.

Here we are done with some of the good options for you to grow your money at a faster scale.

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