If you’ve heard an advertisement for a "high performance money market account" or something similarly named, you may be wondering just what that is and if it’s a good deal for you.
What some banks call a "high performance money market account" is really just a money market account that may or may not have a special rate—and that special rate may or may not be a temporary or introductory rate. Plus, there may be other strings attached—a large minimum opening deposit, a high minimum monthly balance requirement, monthly maintenance fees, and so on. In short, it pays to read the fine print. Names like "high performance," "silver savings," and the like are usually just marketing. You need to do a little research to determine whether the account it a good fit for your needs.
At Ally Bank, we simply offer great rates and great customer service to help your money work its hardest. Call it our straightforward approach to banking. 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.
Discover the Ally Bank difference at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.
Ally Bank, member FDIC