2024’s Best Credit Union Money Market Rates
| Best | Money Market Account | APY | Minimum Deposit Required |
| For Frequent Transactions | Redwood Credit Union Premier Money Market | 4.00% | $2,500 |
| With Low Fees | Marine Federal Credit Union Choice Money Market | 0.60% - 5.12% | $0 |
| For $100,000+ Balances | BluPeak Credit Union Max Money Market Account | 0.00% - 5.33% | $100 |
| With Branch Access | Self-Help Credit Union Money Market | 0.00% - 3.34% | $500 |
| Business | America First Credit Union Business Money Market Savings | 1.50% - 4.60% | $0 |
Methodology
To identify the best money market accounts, WalletHub’s editorial team regularly compares over 150 offers from 140+ financial institutions based on APY, minimum opening deposit requirements, and a number of other features. The products listed in our Best Money Market Accounts page were chosen for their ability to provide competitive APYs, the institution’s size (as indicated by deposit amounts or assets), and their frequent appearance in online searches or other potential considerations. Below, you can read more about how each category winner was decided:
- Overall – The most important factors were interest rate, monthly fees and the number of transactions allowed. We also wanted an account that would have a reasonable minimum deposit requirement.
- Frequent Transactions – As money market accounts are sometimes referred to as the bridge between a savings and a checking account, we wanted a product that consumers can use as often as they would a checking account. To that end, products in this category were picked for not limiting the number of transactions, with a high interest rate, but also based on how flexible they were in their transactions methods, essentially whether they offered an ATM card or check writing.
- Low Fees – We wanted this category to show accounts with the fewest or lowest fees. We focused on monthly fees, fees for checks, and excessive transaction fees in particular, alongside APYs.
- Best for $100,000+ Balances – This category was aimed at consumers who are planning a big deposit, so APY was the most important factor, with the minimum deposit requirements also considered.
- Branch Access – Since we sometimes need a physical touch, accounts from banks with a large presence across the country were given priority. Of course, we also took into account interest rates, monthly fees, and whether they offered an ATM card or not.
- Business – Since businesses tend to have more capital to invest, we considered business money market accounts with the best APY for a balance of $500,000 or more. Then, we picked the best ones based on APY, monthly fees, and the number of transactions allowed per month.
