EverBank 2.15% APY Money Market

EverBank, based in Jacksonville, Fla., upped its introductory offer on money market accounts to 3.01% from 2.50% in June.

This move puts its yield for the first year only at 2.15% — the top MMA yield available. This rate applies to Yield Pledge Money Market Accounts with balances up to $50,000.

The 1.85% APY, which is what you earn after the initial three-month intro, is still in the top tier of interest paid on money markets.

This account requires $1,500 to open, but you have to maintain a $5,000 balance to avoid an $8.95 service charge.

The online application is straightforward and takes only a few minutes to complete.

Compare this offer with the best savings and money market account rates from hundreds of other banks in our extensive database.