Opening an emergency fund account and ready money I can have at any time for the near future. What’s a good money market account to go with?

Anyone put their trust with their money in an online savings/money market account?

I am looking for something that is consistent. I prefer brick and mortar, but it seems like the best rates are the online only money market “banks”. They all say FDIC insured, but it sketches me out honestly. Your thoughts/ advice?

Money is sitting in savings doing nothing ..trying to decide on high yield account or money market ..Advixe please? If high yield, which one ? Tx

Hi all. Would like some input on this. So I’m 24, have about $8400 (8,000 in savings and $400 in checking) that I would like to move to a bank that has better options. I have Truist currently and they have no high-yield options at all. Was looking to transfer to Huntington and put $6000 in a Money Market and $2,000 in a HYSA as an emergency fund (my bills are minimal so that’s pretty safe currently). Are money markets safe, or should I put it all in a HYSA? Huntington bank offers a 3.66% APY that compounds daily, and also a money market I’ve always been told not to invest in things I don’t understand, and I still feel like I don’t fully understand MMs. But I would like you all’s input on this. My money is doing nothing for me right now. I don’t have much, but any interest is better than my current bank’s 0.01%.

What are some good money market funds . I have about 50-60k I need to stash somewhere, and I need to be able to withdraw whenever "later date". Also how often do the pay the interest on the money and what is about the average. Also a "ticker" symbol would be nice so I can look it up. Thanks for anyone that can help.

What’s the highest yielding Fidelity Money Market Funds one can get (purchase) irrespective of initial investment.

There are popular ones like SPAXX or FDRXX but there are higher yielding ones such as FZDXX which requires higher initial investment.

Is there other ones with higher yield? When I do a search, I see FNSXX which is higher than FZDXX. Is there any thing else? How do I find info about them?

I have a money market account that went went from 4% interest a year ago to about 2% over the past few months. I thought MMAs were roughly the same as HYSAs but are rates more stable in one vs the other? Is the era of 4% interest rates over or should I consider moving my money somewhere else? I have about $50k in there that I plan to spend on house stuff in the next year or two.

I have recently finished saving an emergency fund, and currently have it in a high yield savings account. The interest rate has gone down from almost 5% last year to 3.88%. I don’t have much experience with bonds or money markets.

Do you have a recommendation for a place to store emergency savings cash, while maximizing safe growth?

I currently have about $86,000 (a mix of my emergency fund and savings for a future home down payment) in a Capital One 360 Performance Savings account, which has a 3.7% APY. I know there are financial institutions with even higher rates.

My question is: When is it worth switching to a different account for a higher APY? And are there any downsides to switching too often, like switching my money to the current highest APY, —say, more than once a year?

Due to very high fees and actions by the Federal Reserve, Fidelity Investments' most popular Money Market ETF (SPAXX) has a rapidly falling yield. It is now down to 3.80%.

Out of curiosity, I checked out the most popular Vanguard Money Market ETF. VMFXX. It is now at 4.08%.

The difference may seem small, but if you have a large amount of money invested, it can be a significant difference. If you had One Million in SPAXX, a 3.80% dividend would pay you $38,000. While having a million in Vanguard's VMFXX would give you $40,800.

Government MM (SPAXX) | Fidelity Institutional
Money market funds for short-term investing goals | Vanguard

I have about 200k I want to put into a money market, the best rates are with online banks.

Does anyone have a money market account with a bank they dont have any issues with?

Hi Reddit! I'm looking to move some of my money from a checking account (where it's losing value) to a High-Interest Savings or money market account. I like these accounts because I can still pull my money out if unexpected expenses happen (versus a CD where my money is locked in). I've found some enticing accounts with 5.25% APY, but the fine print about how the rate can be changed on a whim at the bank's discretion makes me a bit nervous about future lowering of the rate once the bank collects enough money.

Can anyone recommend some current high-interest savings / money market accounts where the interest rate is determined by the market (and thus less susceptible to arbitrary decisions by the bank)?

Hey all,

My fiancee is rightfully frustrated at our US Bank money market account dropping so steeply.

I wanted to ask you guys, is it wise to move that money and what are the best money market accounts available at the moment?

Hi everyone. Was hoping you'd be able to make some recommendations. I'm in CT currently and have a HYSA that pays roughly 3.6 percent. I also have a fidelity account anyway and was reading into the money market account that holds SPAXX but also read that FDLXX may be better for a core position. Does this mean that I should transfer my money from ally into a fidelity money market account and change the core position from SPAXX to FDLXX? Thanks so much in advance!

What to consider

• Interest rate or yield The more the APY or yield the better but check how often it resets whether it’s fixed or variable

• Fees and minimums Some accounts have no minimum deposit others need you to open with a few hundred or more Also watch out for fees or penalties

• Liquidity Can you withdraw anytime without penalty Money market funds are more flexible but not always immediate like savings accounts

• Insurance or safety For bank savings FDIC or similar protection is important For funds fund type government prime etc and fund company reputation matter

• How compounding works Daily compounding helps more with interest growth

High-Yield Savings Accounts I like

• Openbank High Yield Savings Offers about 4.20 percent APY with 500 minimum to open

• American Express High Yield Savings No monthly fees no minimum deposit interest compounds daily

• PNC High Yield Savings Around 3.95 percent APY no minimum balance or service fees in many cases

• Top accounts from NerdWallet Axos Bank about 4.46 percent APY Newtek about 4.35 and Zynlo about 4.35 stand out

Money Market Funds worth checking out

• Vanguard Treasury Money Market Fund Has a 7 day SEC yield around 4.16 percent as of mid September 2025

• Fidelity Money Market Fund SPRXX Yield is about 4.44 percent or 4.42 percent in recent updates

Final thoughts

If you’re parking cash and want safety and decent returns a high yield savings account from a reputable bank and a well chosen money market fund often balance things well Savings accounts offer more flexibility and deposit protection Money market funds can give slightly higher yields in some cases though returns can fluctuate Always check the fine print before putting in your money

As the fed rates go down, Wealthfront dropped to a 3.75 APY on Cash, what would be the best place to park cash? I have some in USFR, however wanted to get an idea if anything better is available before I move all into USFR

Obviously won't compete with the 4.5% online banks, but there's some sense of ease and security for me in a physical location. It won't be the bulk of my savings, so I'm not too concerned about a 2% or so hit on savings.

What physical banks offer decent enough returns?

Hi, I’m looking to park about 10-15K of cash into a HYSA or Money Market and looking to see if anyone has seen any great rates with reputable banks? I seen CIT is 4.30% which is great but I’ve heard they’ve had issues and everything is super slow?

Just wanting to make sure my money is safe but yet still earning as much as it could and to continue to build onto that nest egg.