With more banks from every corner of the globe competing for your business, it can be tempting to treat them all the same—to look only at money market and savings account rates and base your choices on who's got the best interest rates out there, period. The problem with that approach is that it ignores the common pitfall of getting a "teaser rate" that's only available for a limited time, only to fall to something less appealing a short time after opening the account.

That's not to say that rate shopping isn't important—it's just that comparing money market and savings account rates is only part of the process. It pays to look at the fine print to see what fees, requirements and restrictions you'll have to live with once you go through the process of opening your account.

At Ally Bank, we believe in a straightforward approach to banking. You can open and fund an account with any amount and we don’t charge monthly maintenance fees. Our rates are among the most competitive in the country, according to Bankrate.com, and we compound interest daily to maximize your return. We’ll even show you the rates of our major competitors, so you can make the best choice for your own goals. Find out more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559).

Ally Bank, member FDIC

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