Shopping for a money market account obviously means looking at money market account rates. If you’ve done some research, however, you realize there's more to money market accounts than meets the eye. What other factors should you be considering?
You want to find the best money market account rates available, but it's a good idea to look a bit deeper in order to make sure that the other features of the account are right for your needs. Consider accessibility; how and when can you withdraw your money? Find out whether the bank has a minimum balance requirement or monthly maintenance fees. If there is an introductory rate, how long will it last? At some banks, their best money market account rates are introductory, and while they'll freely disclose that fact, it's not always the most customer-friendly way to do business. Also be sure you know how often the bank compounds interest.
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