Money Market Account Offers & Bonuses

Money market promotions with tiered APYs, transaction limits, and minimum-balance requirements documented at the source.

A money market deposit account (MMA) is a deposit product that sits between a savings account and a checking account in feature set. It's FDIC-insured (or NCUA-insured at credit unions), pays a yield comparable to high-yield savings, and typically allows limited check-writing and debit-card access alongside electronic transfers. The MMA label is a banking-industry term and is distinct from a money market mutual fund, which is a securities product not covered by deposit insurance.

Modern MMA rate structures are often tiered: the APY rises (or falls) at stated balance breakpoints. A tier table that pays a high headline rate at very low balances and a much lower rate above that level is common; so is the inverse, where the higher rate applies only above a substantial minimum. Read the breakpoints carefully before assuming the headline rate applies to your full balance.

The federal Regulation D savings-transaction limit (six convenient withdrawals per month) was removed via an interim final rule by the Federal Reserve in April 2020. Banks may still apply their own limits voluntarily, and some still do — particularly on outbound transfers and pre-authorized withdrawals. Verify the current per-institution policy before relying on unlimited transfers.

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How we evaluate MMA offers

MMAs are scored on blended yield at the reader's actual balance — not the headline rate. We model the APY across the relevant tier or tiers given the deposit amount, add any cash bonus prorated over the holding period, and subtract any monthly fees not waived. The result is compared with a benchmark HYSA at the same balance to determine whether the MMA structure earns its keep.

Friction items count: hold timelines on inbound transfers, ACH transfer caps, whether check-writing and debit access are useful in the reader's actual workflow, and whether the bank still imposes voluntary transaction limits. The post–Reg D environment varies bank to bank; some institutions restored unlimited transfers, others kept their old policies.

FDIC coverage on bank MMAs follows standard rules ($250,000 per depositor, per insured bank, per ownership category). Coverage aggregates with any other deposit accounts the depositor holds at the same bank — see our FDIC explainer. Money market mutual funds (a different product, sold by brokerages) are not FDIC-insured.

What makes an MMA offer worth pursuing

The MMA is worth choosing over a HYSA when one of three things is true: the yield is better at the reader's actual balance (after accounting for tier structure), the check-writing or debit access is genuinely useful, or the bank's broader feature set justifies the relationship. If none of those apply, a simple HYSA is usually simpler to live with.

The MMA is rarely a better choice than a CD for funds with a long known horizon and a fixed-rate need, and rarely a better choice than a checking account for actual transactional volume. It sits in a useful middle — short-term yield with some liquidity — and is most useful in that role. The full comparison is laid out on our savings vs CD vs MMA reference page.

For MMA cash bonuses, the standard "new money" trap applies: transferring funds from an existing account at the same bank typically doesn't qualify, and intra-bank transfers can disqualify a tier if the bank's accounting catches it. Verify the new-money definition before funding.