5 Best Money Market Accounts for May 2026

Saving money on money market accounts may does not have to be complicated. We rounded up the essentials so you can spend less and skip the guesswork.

Key Takeaways

• 5 Best Money Market Accounts for May 2026 Advertiser Disclosure Our readers always come firstThe content on DollarSprout includes links to o...
• When you read our content and click on one of our partners’ links, and then decide to complete an offer , whether it’s downloading an app, o...
• Our ultimate goal is to educate and inform, not lure you into signing up for certain offers.

5 Best Money Market Accounts for May 2026 Advertiser Disclosure

Our readers always come first

The content on DollarSprout includes links to our advertising partners. When you read our content and click on one of our partners’ links, and then decide to complete an offer , whether it’s downloading an app, opening an account, or some other action , we may earn a commission from that advertiser, at no extra cost to you.

Our ultimate goal is to educate and inform, not lure you into signing up for certain offers. Compensation from our partners may impact what products we cover and where they appear on the site, but does not have any impact on the objectivity of our reviews or advice.

Written by DollarSprout Last Updated: May 14, 2026

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Editorial Disclaimer: Please note that, although we regularly update this page, you should research a bank's website to get the most up-to-date information available (including information on annual percentage yields). Some of the links on this page may be from our partners. Here's how we make money.

Think of a money market account (MMA) as a blend between a checking and a savings account.

MMAs typically offer a higher interest rate than traditional savings accounts, and, depending on the bank, will allow quick access to funds via check writing, electronic funds transfer (EFT), and/or debit card or ATM withdrawals. 

Best Overall 

A good blend of high interest, fund accessibility, and an simple-to-use mobile app is what sets the best MMAs apart from their second-tier competitors. Here are the best ones available. 

1. CIT Bank Money Market Account - 1.55% APY

Coming in just behind its savings account brother, CIT Bank offers a money market account with check-writing features that represents one of the best short-term options for storing and growing your wealth. FDIC insured up to $250,000 with features like Zelle, Bill Pay, and no monthly maintenance fees, your money can grow worry-free while you save for large expenses or home an emergency fund. 

Learn More 1.55% APY $100 Minimum Deposit

DollarSprout Rating

A pioneer in the online banking space, CIT Bank offers several savings vehicles that all receive high marks. Highlighted by their 1.55% APY MMA, consumers can take a set it and forget it approach to savings with FDIC insurance up to $250,000, no monthly services fees, and a low $100 minimum deposit.

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Pros

• Low minimum account deposit requirement ($100).
• High APY when compared to competitors.
• No maintenance fees.
• Simple, award-winning user interface and mobile application.
• Access to Zelle & Bill Pay.

Cons

• No physical branches.
• Waiting period on deposits or external transfers and fund availability.

2. Ally Bank Money Market Account - 3.10% APY

Perhaps one of the most competitive accounts on the market, Ally’s MMA bears interest well beyond nearly all of their competitors , on all balance tiers. With a $1 minimum deposit, you’ll start earning 3.10% APY and get access to Ally’s managed or self-directed investment accounts, should one choose to do so. 

Learn More 3.10% APY $0 Minimum Deposit

DollarSprout Rating

With no minimum deposit, eCheck deposit, daily compounding, and thousands of 5-star reviews by account holders, Ally Bank's MMA already scored high before we took into account their robust APY. At 3.10% APY, they're competitive amongst the industry's best and near-universally well-liked.

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Pros

• 3.10% APY is among the industry-best for MMA products. 
• Strong customer service ratings.
• Wide range of additional saving/investing products. 
• Get 24/7 access to funds, banking platform, and support. 

Final Thoughts

Before you check out, double-check money market accounts may against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.

Originally published at dollarsprout.com.