A few generations ago, U.S. Savings Bonds were a popular gift (not to mention a lesson in the virtue of saving) for children. Savings bonds still are a popular financial product and provide a good example of a low-risk, fixed-income investment. You receive a regular return, you can invest minimal amounts and you pay no or low taxes on your interest income. However, cashing in a savings bond before maturity can result in early withdrawal penalties. If you're looking for a simpler way to save that pays a competitive rate of interest and allows you access to your money when you need it, a money market account might be worth considering.
With an Ally Bank Money Market Account, you have easy access to your money and the peace of mind that comes with knowing your deposits are FDIC-insured up to the maximum amount allowed by law. 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 Ally.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.