You've decided a high-yield money market account is the right place for your savings. Now you're looking at the list of money market accounts on a financial website like and trying to decide which one is right for you. At first glance, the different options can be bewildering, so what should you consider before committing to one of the many high-yield money market accounts?

The personal-finance experts we've talked to say the decision doesn't have to difficult. The key is to identify the factors that really matter. A decent rate of return is first in most people's minds, of course, but it's not the only thing that needs to be taken into account. In an interview with Ally Bank, Bill Holliday, a certified financial planner with Financial Freedom Associates, LLC, in Tucson, Arizona, listed the account terms he thinks a consumer should review carefully:

  • Restrictions—You want to be sure you can access your money.
  • Fees—Monthly maintenance, minimum balance, the list goes on, but you don't want to be paying unnecessary fees.
  • Convenience—You want easy access to your account and you may want additional features like linking your accounts.

Many online financial sites list money market rates from different banks. But following up with the financial institution will allow you to get a more thorough look at all the account terms.

With an Ally Bank Money Market Account, your money earns a variable rate that's consistently among the most competitive in the country according to, and you can open and fund your account with any amount. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle. You also get free standard checks and a debit card for convenient access to your money.

Learn more at or call live, 24/7 customer care at 877-247-ALLY (2559).

Ally Bank, member FDIC

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