A money market account is essentially a type of savings account that you can open at nearly any bank. And because most banks—including Ally Bank—are members of the Federal Deposit Insurance Corporation (FDIC), deposits in most money market accounts come with the peace of mind of being insured by the FDIC to the maximum allowed by law.
But that can be where similarities between money market accounts from different banks end. Rates, features, fees and services can vary substantially from bank to bank. When you’re shopping for the right account for you, be sure you compare all the terms from each account you’re considering. For example, one bank may offer a great rate, but require a high minimum balance or monthly maintenance fees. Another may offer an introductory interest rate that only lasts a few months.
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.
Come see how we can help you save. Visit AllyBank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.
Ally Bank, Member FDIC