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Fortune
Fortune
E. Napoletano

Interest rate isn’t everything: How to compare money market vs. savings accounts

Photo illustration of two hands dropping coins into jars, one overlaid with blue and the other overlaid with green. (Credit: Photo illustration by Fortune; Original photo by Getty Images)

With numerous banks, credit unions, and fintechs raising the APYs on their deposit accounts, one thing’s certain: It’s finally a saver’s market.

In a single web search, you can find various financial institutions hungry for your business—and ready to pay top-tier interest rates on money market and savings accounts to get you in the door.

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