As the marketplace fills with a number of different banks and products, all offering very similar benefits, you may find yourself asking what defines a Money Market Account. A money market account is a personal savings option that may give you more flexibility of access than you have with a regular savings account.
Typically, you open a money market account just as you would a regular savings account, by making an initial deposit. A money market account usually pays a variable interest rate and at almost all banks, including Ally Bank, enjoys the protection of FDIC insurance. You generally have access to your account via check, debit card and electronic transfers, within federal limits.
If you decide a money market account is right for you, be sure to read the fine print on any account you consider, so you know exactly what you’re getting. At Ally Bank, we believe in a straightforward approach to banking. 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 by visiting AllyBank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.
Ally Bank, Member FDIC