In a perfect world, everyone would have more than enough money. Our accounts would be perfectly organized. Not only would we know what the balance was in our checking account every minute of every day, we'd have that perfect rainy-day fund of six months' living expenses tucked safely away. And we'd have another heap of money earning stellar returns in financial markets, ready to help us pay for everything from college to cars to retirement. But the world isn’t perfect and neither are most of our financial habits. In fact, a survey from Bankrate reports that 29 percent of Americans don’t have any emergency savings at all. And only 22 percent said they had enough to pay for at least six months of expenses.
Ally Bank Money Market Accounts Can Help.
The ease of online access and time-saving, user-friendly management of Ally Bank Money Market Accounts can help you get more organized and see how you're doing on your financial goals every time you log on. Transferring funds to or from Ally Bank Money Market Accounts takes only a few clicks. And since there's no minimum opening balance to get started with Ally Bank money market accounts, you can start right away. You can even have several accounts; for example, you could have one for your emergency savings account, another for a down payment on a house and another for your child's college education. Financial planners call using several different accounts the "bucket system" or "envelope system," and it helps many people stay on top of their finances.
Another way Ally Bank money market accounts can help you maximize your cash flow is by making savings automatic: It's easy to set up automatic deposits and put a portion of your paycheck into your account. Your balances can start to build more quickly, without any extra effort on your part, not only because you're depositing money into savings before you spend it, but also because Ally Bank compounds the interest in your account on a daily basis.
Ally Bank’s Money Market Account Offers Great Interest Rates.
With an Ally Bank Money Market Account, you get a variable rate that's consistently among the most competitive in the country with no monthly maintenance fees. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle. Plus, you get free standard checks and a debit card. Keep in mind that federal law limits checks and certain types of telephone and electronic withdrawals and transfers from money market accounts to 6 per statement cycle. Some transactions are unlimited. You can make as many deposits as you wish. If you need access to the money in your money market account, you can make unlimited ATM withdrawals or call us any time and request a check made payable to you.
Learn more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559).
Ally Bank, member FDIC