Overview
Compare money market accounts side by side. Find the best APY, minimum balance, and features for your needs. Finding the right option depends on your specific needs, spending habits, and financial goals. Below we break down the key factors to consider and the top choices available.
Money Market Account Comparison
| Provider | Minimum Balance | Check-Writing | Standout Feature |
|---|---|---|---|
| Vanguard Cash Plus | $0 | No | Pairs with brokerage account |
| Fidelity Money Market | $0 | Yes | Debit card + check-writing |
| Ally Money Market | $0 | Yes | No minimum, full features |
| Discover Money Market | $2,500 | Yes | ATM card included |
| Marcus by Goldman Sachs | $0 | No | Simple, no fees |
Which Account Should You Choose?
If you want check-writing access, Fidelity, Ally, and Discover all support it — Vanguard and Marcus don't.
If you're already investing with a broker, Vanguard or Fidelity's money market options integrate directly with your existing account.
If you want the lowest barrier to entry, Ally, Vanguard, Fidelity, and Marcus all have no minimum balance requirement.
Frequently Asked Questions
It depends on your needs — money market accounts often include check-writing that savings accounts lack, but rates between the two are frequently comparable. If you don't need check-writing, the choice often comes down to whichever offers the better rate at the time.
Many banks still apply limits or fees on certain transaction types beyond a set monthly number, similar to savings accounts — check your specific bank's current policy since rules have loosened at some institutions in recent years.