Bank money market accounts can be an important part of building a strong financial foundation. Therefore, it's important to do some research when deciding where you should open a money market account.
Many banks and credit unions offer money market accounts, which are simply a kind of savings account that pays interest on the money you put into it. Sometimes bank money market accounts pay a rate of interest that is higher than traditional savings accounts.
When you do your comparisons, first be sure the banks you consider are FDIC-insured. You’ll also want to compare rates, but don’t stop there. Take a look at the requirements, restrictions and fees for each account. Since every bank money market account is different from bank to bank it pays to shop around.
With an Ally Bank Money Market Account, you earn a variable rate that's consistently among the most competitive in the country according to Bankrate.com, and you can open and fund your account with any amount. You get free standard checks and a debit card for convenient access to your money. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle.
Learn more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.
Ally Bank, member FDIC