Money market accounts are available at many banks, including Ally Bank. They are often a great way to earn some interest while maintaining access to your money. Keep in mind the following money market account facts.
- Federal law limits checks and certain types of telephone and electronic withdrawals and transfers from money market accounts to six per statement cycle, not including ATM withdrawals.
- Money market accounts can be opened at almost any bank. Online banks like Ally Bank tend to offer the most competitive rates, according to Bankrate.com.
- Money market accounts provide a greater degree of flexibility than a regular savings account and usually do not have quite as many restrictions as certificates of deposit (CDs).
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).