These days, the best high-yield savings accounts pay annual percentage yields (APYs) of about 3.75% to 4.50%. Certificates of deposit pay roughly the same amount, meaning there's little to no reward for locking up your money for months or years.

But right now, there's a money market account (MMA) paying an interest rate of 4.75%. And it offers the same benefits as a savings account and more.

The Quontic Money Market Account

The MMA offered by Quontic currently pays an APY of 4.75%. Almost no savings account can match that -- and those that do typically have a higher minimum balance requirement.

On top of that, the Quontic Money Market Account comes with:

Our Picks for the Best High-Yield Savings Accounts of 2025

Product	APY	Min. to Earn
American Express® High Yield Savings Member FDIC. APY 3.80% Rate info 3.80% annual percentage yield as of December 17, 2024. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings On American Express's Secure Website. Member FDIC.	3.80% Rate info 3.80% annual percentage yield as of December 17, 2024. Terms apply.	$0	Open Account for American Express® High Yield Savings On American Express's Secure Website.
Capital One 360 Performance Savings Member FDIC. APY 3.70% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Feb. 6, 2025. Rates are subject to change at any time before or after account opening. Min. to earn $0 Open Account for Capital One 360 Performance Savings On Capital One's Secure Website. Member FDIC.	3.70% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Feb. 6, 2025. Rates are subject to change at any time before or after account opening.	$0	Open Account for Capital One 360 Performance Savings On Capital One's Secure Website.
Western Alliance Bank High-Yield Savings Premier Member FDIC. APY 4.30% Rate info The annual percentage yield (APY) is accurate as of Jan. 24, 2025, and subject to change at the Bank's discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Min. to earn $500 to open, $0.01 for max APY Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website. Member FDIC.	4.30% Rate info The annual percentage yield (APY) is accurate as of Jan. 24, 2025, and subject to change at the Bank's discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.	$500 to open, $0.01 for max APY	Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website.

• A minimum deposit of only $100
• No monthly fees
• No overdraft fees
• A debit card and access to over 90,000 fee-free ATMs
• FDIC insurance

How big a difference could that APY make? Let's look at the interest earned on a $10,000 balance, assuming:

• An APY of 0.41% (the current national average)
• A competitive APY of 4.00%
• The Quontic Money Market Account's current APY of 4.75%.

Keep in mind that savings accounts and MMAs have variable interest rates, meaning your APY can change at any time. Still, over the course of years, a high APY could earn you hundreds or thousands of dollars more.

Ready to start saving with Quontic today? Click here to open a Quontic Money Market Account now.

Should you open a Quontic Money Market Account?

There's little reason not to open a Quontic Money Market Account. It has a low minimum deposit, it charges no fees for regular banking activities, and it's FDIC insured, so deposits up to $250,000 are safe. It works almost just like a savings account, so it's a great place for your emergency fund and other short-term savings.

The main difference is that this MMA comes with a debit card that you can use to spend money directly from the account. Most savings accounts don't have this option (though you can use a debit card to spend money from a checking account at the same bank).

However, like many savings accounts, the Quontic Money Market Account only allows six withdrawals per statement cycle. That means you can only use your debit card for purchases or ATM withdrawals roughly six times per month; beyond that you may start racking up fees.

If you need to avoid the temptation to spend your savings, then you may not want the convenience of a debit card.

It's also worth noting that Quontic is an online-only bank. That means it has no physical bank branches. This is standard for banks that offer high-yield accounts. Their lack of physical locations is the main reason they can offer high yields in the first place, as it lowers their costs.

If your goal is to earn as much money as possible on your savings, then the Quontic Money Market Account is one of the best accounts you can find.