Below are the highest yielding money market account rates serving citizens of the state of Wisconsin.
If you are strictly after the best rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.
After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Wisconsin, we have found that in most instances you will be able to lock in more competitive rates with local institutions (if you are eligible for membership).
Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.
Top 2 money market rates in Wisconsin:
(click on the institution for more information)
- Charter Bank: Eau Claire, WI. Money market account yielding 2.25% APY with a minimum balance of $10,000. This money market account is set up in four tiers, however the three tiers above the $10,000 threshold are all yielding the same interest rate of 2.25%. The interest on this account is both compounded and credited monthly. The minimum balance required to open this account is only $1,000. Please note that any balance below $10k will only render a 0.50% return. Charter Bank is a locally owned and managed community bank which first opened in 1980. They only have on location (Eau Claire, WI) however they manage assets in excess of $500 million. Charter Bank offers a wide selection of loan and savings products. Contact: (715) 832-4254
- Co-Op Credit Union: Galesville, WI. Money market account or “Money fund checking account” yielding an APY of 2.05% with a minimum balance of $2,500. They also have a very attractive “rewards checking account” yielding an APY of 4.36%. If you are unfamiliar with these account see our “interest checking” section for further details. In a nut shell you must fulfill a certain amount of monthly requirements to earn the advertised interest rate, they are not for everyone, however, if you can meet the requirements they provide a very lucrative return. Co-Op credit union also has a decent deal on their 6 month CD rates. Currently you can earn an APY of 2.0% on these accounts if you deposit at least $1,000. If you reside in Trempealeau, Jackson, La Crosse or Monroe counties (Wisconsin) you should be eligible for membership. Contact: (715) 284-5333
Both of the above institutions are federally insured by either the FDIC or NCUA. If you live in Wisconsin and know of a better money market rate offered through your local bank or credit union, please share by leaving a comment.