Conservative savers find money market accounts attractive because they sometimes offer higher yields than other savings accounts and more liquidity than certificates of deposit. There are some downsides, of course: The interest rates are variable, the best money market accounts often have high minimum deposits, and there are limits to your liquidity.
If you’ve decided that a money market account is right for you or your business, shop around for a great rate. And take a look at the best personal, business, and jumbo money market accounts (by APY) below.
First, a quick note about money market account liquidity: Regulation D (Reg D) from the Federal Reserve Board limits money market account holders to six withdrawals per statement cycle on several transaction methods — financial institutions can charge fees, convert the account to a checking account or even close the account if you exceed the limit. All money market accounts are subject to the regulation, though fees vary by institution.