Money Market Account Basics

If you want to save money but still want the option of accessing it quickly, a money market account generally is a good option. With it, you typically can withdraw money by debit card, check and bank-to-bank online transfers within federal transaction limits. But what typically makes a money market account attractive is that it pays interest, which varies from bank to bank. So when comparing accounts, keep in mind that online banks like Ally Bank typically offer more competitive rates than traditional banks according to rates published by Bankrate.com..

Money Market Account Features

You’ll want to compare other features of the accounts you consider, such as minimum deposit requirements and maintenance fees. With an Ally Bank Money Market Account, you earn a variable rate that's consistently among the most competitive in the country according to Bankrate.com, 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 Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559).

Ally Bank, member FDIC

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