Money Market Account


Features Smarter savings

Want to know more? Download our Straight Talk Product Guide

Everything you need and want from a bank

Online and mobile banking services, a debit card, standard checks and postage-paid deposit envelopes are some of the features included at no charge.


Rates Get more for your money

We offer rates that are consistently competitive.

See how we compare

0.85 % APY

Estimate your earnings

Annual Percentage Yield Estimated Earnings for 1 Year Estimated Total Savings

What we're showing you

Our Annual Percentage Yield (APY) is accurate as of 10/07/2015. Keep in mind, this rate is variable and may change after the account is opened. Fees may reduce earnings.

The APYs for other banks are provided by and are accurate as of 10/05/2015. The APYs in this table are for the state of California.

Fees No surprises

The most common services and transactions are free with Ally Bank.

  • Monthly maintenance fees $0
  • ACH transfers to your non-Ally Bank account $0
  • Debit card $0
  • Statement copies online $0
  • Incoming wires (domestic & international) $0
  • Postage-paid deposit envelopes $0
  • Official checks $0
  • Ally Bank standard checks $0
  • Unlimited deposits and ATM withdrawals $0

The following services and transactions are available for a fee:

Cross border / currency conversion transaction

Up to 1% of the transaction

Returned deposit item


Overdraft item paid or overdraft item returned (maximum 1 fee per day)


Excessive transaction(s) fee$10.00 per transaction
Expedited Delivery$15.00

Stop payment item


Outgoing wires (domestic only)


Account research fee

$25.00 per hour

Ally Bank It's good to be different

We’re an online bank, which means we don't have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.

With Ally Bank, you get everything you expect from a traditional bank and more:

  • Peace of mind. No hidden fees. No maintenance fees. No minimum balance required
  • Make deposits. Deposit checks with Ally eCheck Deposit℠ or ACH transfers
  • Get cash. Use any Allpoint ATM in the U.S. for free, plus we'll reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide. Find an ATM
  • Move money. Transfer funds between Ally Bank and non-Ally Bank accounts
  • Keep track. Access your account anytime, anywhere with online and mobile banking

Learn more about the benefits and conveniences of Ally Bank.


Live customer care
always available


Use any Allpoint ATM in the U.S. for free

4 Years

"Best Online Bank" 4 Years in a Row
MONEY® magazine 2011-2014

Customer Reviews Don't just take our word for it


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FAQs We have answers

  • Can I deposit cash?

    No. We don't accept cash deposits. However, there are several ways you can make a deposit into your account.

    • Remote check deposit with Ally eCheck Deposit℠
    • Online transfers and direct deposit
    • Wire transfers and mail
  • How do I add money to my account?

    There are several ways you can add money to your account:

    • Transfer funds between your Ally Bank accounts
    • Transfer funds between your Ally Bank and non-Ally Bank accounts
    • Remotely deposit checks with Ally eCheck Deposit℠
    • Set up direct deposit (PDF)
    • Send a wire transfer (PDF)
    • Mail checks to:

    • Ally Bank
      P.O. Box 13625
      Philadelphia, PA 19101-3625

      Make sure checks are properly endorsed on the back with "For Deposit Only" and the signatures of all payees. Please don't send cash.
  • When will I receive my new debit card or checks?

    Your debit card and initial check order will arrive in the mail within 10 business days after we receive your opening deposit.

    When re-ordering standard checks, after you submit the request your checks should arrive in 10 business days.

    Please call us at 1-877-247-ALLY (2559) if you don't receive your debit card or checks within 10 business days.

  • What’s the difference between an Online Savings Account and Money Market Account?

    The main difference is in how you access your money. A money market account gives you more access because you can be issued a debit card and checks for these accounts. An online savings account does not support the use of checks and does not come with a debit card.

    It's important to note that there are Federal limits on transactions from U.S. savings and money market accounts.

    You can always call us and request a check made out to you. You can also make unlimited deposits and ATM withdrawals. But, Federal law limits other electronic, telephone and check transactions to a total of 6 per statement cycle. These limited transactions can be to other accounts or to a third party. If you go over the limit we charge $10 per transaction.

  • What's the difference between an Interest Checking Account and a Money Market Account?

    Both accounts give you easy access to your money and a competitive interest rate on your balance.

    Federal regulations limit the number of transactions (transfers or withdrawals) you can make from a Money Market Account to just six per monthly statement period. While you will receive checks and a debit card for those transactions, you won't have access to the free online bill pay service that comes with an Interest Checking Account. Remember, deposits are always unlimited and don't count towards your six transaction limit.

    With our Interest Checking Account, there's no limit on the number of transactions you can make. You'll also get the convenience of our online bill pay service for free. And as your checking balance grows, you could earn a higher interest rate.

Still have questions? Visit our Help Center