Financial experts agree that a money market account can be a good place to save money you might need unexpectedly or might be saving for a specific goal—a new car, for instance, or well-earned vacation. In general, look for a money market account that offers:
- A good rate of return. Make sure you compare annual percentage yields (APYs) of each account you consider. Also be aware of high introductory rates that fall shortly after you open an account.
- Flexible access. Most money market accounts give you access to your funds via check or debit card or both, so that you can get to your money quickly and without any extra hassle.
An online money market account can be a smart choice because you can have the advantages of both money market accounts and online banks. Online banks tend to offer better interest rates because they don’t have the overhead costs of their brick-and-mortar counterparts. Of course, not all online money market accounts are the same, so you’ll want to compare fees, features and benefits of all accounts you’re considering.
With an Ally Bank Money Market Account, you won’t pay monthly maintenance fees. 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