The money market accounts featured on this page are among those with the most consistently highest rates. In contrast, the money market accounts featured here are offered by banks and credit unions, and they operate as a hybrid between savings and checking accounts. Calendar Icon 25 Years of experience. How do I open a money market account?
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% 5 year fixed. Rates would be slightly better if your purchase was under $1 mill with 35% down. 3 year. Get fraud protection with identity monitoring services from OnGuard�*, free with select BMO accounts. Sign up today to keep your Canadian identity safe.
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Read MoreA money market account functions like a savings account � it earns a small amount of interest and can help money grow, and has monthly limits on withdrawals. This method applies a daily periodic rate to the principal in the account each day. Make your accounts work harder for you. Also, keep in mind that CDs pay fixed rates while money market accounts have variable interest rates. You can apply via our mobile app, online banking or in person at any of our 2, branches. In addition, not all money market accounts offer ATM or debit cards.