RateAPY

Ally Bank Money Market Account at 1.29% APY

Posted by: RateAPY Bank Rates News
July 7th, 2010

A money market account can be the best place to keep emergency savings or to build funds for a future purchase. While not as accessible as a regular checking account (withdrawals are limited to six per statement cycle), money market accounts allow you to transfer or withdraw funds when you need them. In the meantime, your savings are earning interest.

Money Market Accounts Feature Accessibility, Higher Interest Rates

Money market accounts can be opened and accessed online, where you can find an account with the minimum balance requirements that meet your budget.

Ally Bank’s Money Market Account has no minimum balance requirement and can be opened with zero dollars deposit. Accountholders currently earn 1.29% APY and are not required to pay any monthly fees. Interest is compounded daily and each account comes with a check card without ATM fees.

Compare money market accounts online to find the highest interest rates and the lowest fees to meet your needs.