CFG Bank High-Yield Money Market
CFG Bank pays a 3.80% APY on its High-Yield Money Market account, with a $1,000 balance keeping the $10 monthly fee waived, held at CFG Bank (Member FDIC), which we confirmed is an active FDIC member. The rate comes from our verified data partner — a strong, FDIC-backed money market option.
Is the CFG Bank High-Yield Money Market worth it?
The CFG Bank High-Yield Money Market account pays a 3.80% APY as of February 3, 2026, with a $1,000 daily balance keeping the $10 monthly fee waived. We source this rate from our data partner and CFG Bank, our verified data partners. It carries our ◆ Partner data label rather than a rate we fetched ourselves.
The account is held at CFG Bank. We confirmed with the FDIC that it is an active insured institution — certificate #34294 in Lutherville, Maryland — so deposits are covered up to $250,000 per depositor, per ownership category.
A money market account pairs a savings-style rate with limited check or debit access. The honest caveat: the APY is partner-supplied and variable, so confirm the current rate on CFG Bank’s own site before opening. This is not financial advice.
How does a money market account work?
A money market account is a savings account that adds limited check-writing or debit access. It pays a variable APY and is federally insured. Providers may cap the number of certain monthly withdrawals.
How much could you earn with the CFG Bank High-Yield Money Market?
At a 3.8% APY, a $10,000 balance in the CFG Bank High-Yield Money Market earns about $380 in interest over a year, before taxes. Double the balance and you roughly double the interest; your real return depends on how long the rate holds.
Illustrative estimate based on the figures on this page, not an offer. Your results will differ.
What are the pros and cons of the CFG Bank High-Yield Money Market?
The CFG Bank High-Yield Money Market stands out for 3.80% APY, sourced from our verified data partner, though rate is partner-supplied and variable — not fetched from the provider ourselves.
- 3.80% APY, sourced from our verified data partner
- Monthly fee waived with a $1,000 balance
- Held at CFG Bank, an FDIC member we confirmed with the regulator
- Rate is partner-supplied and variable — not fetched from the provider ourselves
- A $10 monthly fee applies if the balance falls below $1,000
- Money market accounts may limit certain monthly withdrawals
Who should get the CFG Bank High-Yield Money Market?
The CFG Bank High-Yield Money Market is best for savers chasing a top money market rate.
- Savers chasing a top money market rate
- People who can keep a $1,000 balance to waive the fee
- Anyone who wants an FDIC-insured money market account
How does the CFG Bank High-Yield Money Market compare?
Among the 6 money market accounts we track, the CFG Bank High-Yield Money Market ranks #2 with a money8020 score of 93/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Zynlo Money Market Account | 96 | Essential | Zynlo Bank (a division of PeoplesBank) |
| CFG Bank High-Yield Money Market | 93 | Essential | CFG Bank |
| Quontic Money Market | 93 | Essential | Quontic Bank |
| EverBank Performance Money Market | 85 | Strong | EverBank, N.A. |
| Vio Bank Cornerstone Money Market | 85 | Strong | Vio Bank (a division of MidFirst Bank) |
See all money market accounts, ranked →
Common mistakes to avoid with a money market account
- Confusing a money market account (federally insured) with a money market fund (an investment that can lose value).
- Blowing past the monthly limit on certain withdrawals and triggering a fee.
- Assuming the higher minimum always buys a higher rate — compare against no-minimum savings.
- Forgetting the APY is variable and can change after you open.
Key takeaways
- CFG Bank High-Yield Money Market earns a money8020 score of 93/100, ranking #2 of 6 money market accounts.
- 3.80% APY, sourced from our verified data partner
- At a 3.8% APY, a $10,000 balance in the CFG Bank High-Yield Money Market earns about $380 in interest over a year, before taxes.
- Best for savers chasing a top money market rate.
- Rate and terms sourced from our verified data partner.
Frequently asked questions about the CFG Bank High-Yield Money Market
What is the APY on the CFG Bank money market account?
Per our data partner, it pays a 3.80% APY as of February 3, 2026, with a $1,000 balance waiving the $10 monthly fee. The rate is variable — confirm the current APY on CFG Bank's site. This is not financial advice.
Is the CFG Bank money market account FDIC insured?
Yes. Funds are held at CFG Bank, which we confirmed with the FDIC is an active insured institution (certificate #34294, Lutherville, Maryland). Deposits are insured up to $250,000 per depositor, per ownership category.
How is a money market account different from savings?
A money market account works like a savings account but usually adds limited check-writing or debit access. Rates and minimums are comparable; the access is the main difference.
Can the rate on the CFG Bank High-Yield Money Market change?
Yes. The APY is variable and can move at any time, often tracking the federal funds rate. Confirm the current rate with the provider.
Sources
We sourced these figures from our verified data partner and independently confirmed the provider’s regulator status, last checked May 30, 2026. Primary sources: