10 Best High-Yield Money Market Accounts for December 2024: Rates Up to 5.00% APY

As the end of 2024 approaches, investors are seeking high-yield money market accounts (MMAs) to maximize their returns. With interest rates remaining competitive, we've compiled a list of the top 10 high-yield MMAs for December 2024, offering rates up to 5.00% APY. These accounts balance accessibility, security, and high yields, providing depositors with attractive options for their savings.



1. Vio Bank: Cornerstone Money Market Savings Account
Vio Bank's Cornerstone Money Market Savings Account leads the pack with a 5.30% APY, requiring just a $100 minimum deposit and no ongoing balance requirement. However, it lacks check-writing privileges and a debit card.

2. CFG Community Bank: High Yield Money Market Account
CFG Community Bank offers a 5.23% APY with a $1,000 minimum deposit and a $1,000 ongoing balance to obtain the APY. This account does not offer check-writing or debit card features.

3. UFB Direct: Portfolio Money Market Account
UFB Direct's Portfolio Money Market Account provides a 5.15% APY with no minimum deposit, but requires a $5,000 ongoing balance to avoid a $10 monthly fee. It offers unlimited withdrawals and a debit card.

4. Quontic Bank: Money Market Account
Quontic Bank's Money Market Account offers a 5.00% APY with a $100 minimum deposit and no ongoing balance requirement. It does not offer check-writing or debit card features.

5. Sallie Mae Bank: Money Market Account
Sallie Mae Bank's Money Market Account provides a 4.55% APY with no minimum deposit and no ongoing balance requirement. It offers check-writing and debit card privileges.

6. Ally Bank: Money Market Account
Ally Bank's Money Market Account offers a 4.20% APY with no minimum deposit or ongoing balance requirement. It provides check-writing and debit card access, along with out-of-network ATM reimbursement up to $10 per month.

7. Discover Bank: Money Market Account
Discover Bank's Money Market Account offers a 4.00% APY with no minimum deposit and no ongoing balance requirement. It provides check-writing and debit card privileges, as well as 24/7 customer support.

8. First Internet Bank of Indiana: Money Market Savings
First Internet Bank of Indiana's Money Market Savings account offers a 3.77% APY with a $100 minimum deposit and a $4,000 ongoing balance to avoid a $5 monthly fee. It offers a debit card and out-of-network ATM reimbursement up to $10 per month.

9. EverBank: Yield Pledge® Money Market
EverBank's Yield Pledge® Money Market offers a 3.75% APY with no minimum deposit and no ongoing balance requirement. It provides check-writing and debit card privileges, along with out-of-network ATM reimbursement up to $15 per month.

10. Brilliant Bank: Surge Money Market
Brilliant Bank's Surge Money Market offers a 5.35% APY with a $1,000 minimum deposit and a $2,000 ongoing balance to avoid a $10 monthly fee. It offers check-writing and debit card privileges, as well as unlimited withdrawals.

These high-yield MMAs offer competitive rates and various features to suit different investor needs. By evaluating the minimum deposit requirements, ongoing balance needs, and available features, depositors can find the best fit for their savings goals. As interest rates and market conditions continue to evolve, it's essential to monitor and adapt investment strategies to maximize returns and maintain financial security.