A quick search of financial websites can turn up enough money market accounts to leave you cross-eyed. But before you despair, relax. The financial experts we've talked to say that most top money market accounts share some key traits that can make them stand out from the crowd.
- High Yield. The best money market accounts offer competitive interest rates. You are likely to find those at online banks like Ally Bank. That’s because online banks don’t have the overhead of traditional banks and they can pass that savings on to you in the form of great rates.
- No Monthly Maintenance Fees. You don’t want monthly maintenance fees eating away at your return. Find a bank that simply doesn’t charge these types of fees.
- Flexible Access. Be sure the money market accounts you’re considering allow you access to your account (within federal limits) via debit card, checks, transfers and ATM withdrawals.
The Ally Money Market Account Delivers All Three.
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 pay no monthly maintenance fees and 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