There are a number of advantages to an Ally Bank Money Market account. For starters, you can earn a great rate on your money while still having access to it when you really need it. Other features and benefits include:
- No minimum balance to open and no monthly maintenance fees.
- Deposits insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law.
- 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.
- Competitive interest rates with daily compounding.