Following the recent rise in interest rates, money market accounts have become one of the best low-risk ways to earn solid returns on your cash.
With yields now topping 3.50% at some banks, these accounts are offering savers a rare combination of safety, flexibility, and growth.
Whether you’re building your emergency fund or simply want a smarter place to hold your cash, the following money market accounts stand out for their high APYs, low fees, and overall value.
Money market accounts combine the safety of savings accounts with higher yields and flexible access. With rates holding steady, they’re a smart move if you’re building an emergency fund or want to earn more on idle cash.
APY: Up to 3.51% APY | Minimum to open: $0 | Fee: $10/month (waived with $5,000+ balance)
The UFB Portfolio Money Market from UFB Direct (a division of Axos Bank) stands out with elite yields and full access — including check-writing and debit card privileges rarely seen in high-yield accounts.
| Feature | Details |
|---|---|
| 💰 APY | Up to 3.51% (top-tier nationwide) |
| 📈 Minimum Balance | $0 to open, $5K to waive $10 fee |
| 💳 Access | Debit card + check writing |
| 🏦 FDIC Insurance | Up to $250,000 via Axos Bank |
Verdict: If you can maintain a $5K+ balance, this account delivers unmatched liquidity and yield — the perfect balance between growth and accessibility.
Compare the Best Money Market Accounts
| Bank | APY | Minimum Balance / To Open | Monthly Fee | Best For | |
|---|---|---|---|---|---|
| ⭐ UFB Portfolio Money Market | Up to 3.51% | $0 to open / $5K to waive fee | $10 (waived w/ $5K+) | High yield + full access | Open Now |
| Barclays Online Money Market | 3.90% | $0 | None | No minimums | |
| Discover Money Market Account | 3.30% | $2,500 | None | ATM access + checks | |
| Capital One 360 Money Market | 3.40% | $10,000+ | None | Existing Capital One users | |
| First Internet Bank Money Market | 3.25% | $100 to open | $5 (waived w/ $4K+) | Larger balances | |
| Marcus by Goldman Sachs Money Market | 3.65% | $0 | None | Ease of use | |
| Sallie Mae Money Market | 3.85% | $0 | None | Goal-based savers |
Why Money Market Accounts Matter in 2026
With interest rates holding higher for longer, cash finally earns real returns again. A money market account lets you earn more without sacrificing access or safety — your bridge between checking and investing.
Bottom Line
UFB Portfolio Money Market remains the standout choice: high APY, no opening deposit, easy access, and trusted FDIC backing — ideal for millennials growing wealth with flexibility through UFB Direct.
†Rates current as the date of publication and subject to change. My Millennial Guide may receive compensation when you click on links to partner sites.