Money market funds and money market accounts are products with similar-sounding names and comparable returns, but they are really very different.

Unlike money market funds, money market accounts are insured by the U.S. government through the Federal Deposit Insurance Corporation (FDIC). That makes them a safe investment. We talked to Dylan Ross, a certified financial planner in East Windsor, New Jersey, to get his input about the risks of money market accounts. “You’re not risking anything,” says Ross, “and you can still get a rate of return that should cover inflation, or pretty close.”

There are also other benefits to money market accounts. For instance, with the Ally Bank Money Market Account, you can access your funds using checks, ATMs or a debit card—up to 6 withdrawals or transfers per statement cycle—with no fees. In addition, your first 50 standard checks are free.

Check out all the benefits of Ally’s Money Market Account and start saving today.

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