When should you consider a money market account for your savings? That depends on your own financial plan more than what’s going on in the economy as a whole. Part of your financial plan may include setting aside a cash reserve for unforeseen expenses, or setting aside savings for specific goals, including one-time or recurring big-ticket expenses such as vacations, annual tuition payments, insurance premiums or taxes. A money market account can be a good fit for either of those goals.
A money market account is a secure place to grow your savings while still maintaining flexible access to your money. 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