No matter what's going on in the economy, money market accounts (MMAs) provide you with a sound choice when you want to earn a great interest rate and still have access to your funds.
It's important to note that money market accounts (MMAs), offered by banks, are different from money market funds (MMFs), offered by brokerages. Money market funds are investment products that are not FDIC-insured and therefore subject to a certain amount of risk. The funds in a money market account at an FDIC-insured bank are insured by the FDIC up to the maximum amount allowed by law.
The peace of mind you get from knowing your deposits are FDIC-insured is not the only reason to choose an MMA. MMAs can offer flexibility and great rates, too. For example, an Ally Bank Money Market Account requires no minimum balance to open and no monthly maintenance fees. You get free standard checks and a debit card. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle. We compound interest daily to help your money grow faster and we pride ourselves on providing great customer service in addition to great bank products.
Ally Bank makes saving money as easy, convenient and rewarding as it can be. Take a look at all the great features you get with an Ally Bank Money Market Account at Allybank.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.