Your deposits in most money market bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC), and they are among the safest places you can put your savings. That's important because, when it comes to your cash savings, many financial experts say the security of your principal—the money you've deposited in an account—should be a priority. Available at FDIC-member banks like Ally Bank, FDIC insurance protects you against losses if the bank or savings association should fail. Visit the FDIC website to learn more.
It’s important to understand that money market accounts are different from money market funds. Money market funds offered at brokerage or investment firms, while considered relatively safe, are not insured by the FDIC.
For even more security and peace of mind, go with a bank that has a solid reputation and an established track record. At Ally, our commitment to our customers has been at the core of who we are since the beginning. Our great rates, range of products, customer support and convenient access have earned us “Best Online Bank” from Money magazine five years in a row.
Learn more at AllyBank.com or call live customer care 24/7 at 877-247-ALLY (2559).
Ally Bank, member FDIC