RateAPY

Earn 1.09 percent APY with Ally Bank’s Money Market Account

Posted by: RateAPY Bank Rates News
November 24th, 2010

Money market accounts have become a favorite of many individuals who are looking for a safe place to keep their savings that is also easily accessible in case of emergency spending needs. Money market accounts are FDIC-insured to the maximum limit of $250,000 per depositor and allow six withdrawals per month. The restriction on withdrawals can be beneficial for savers who are tempted to dip into their savings too often.

The Ally Bank Money Market Account allows withdrawals by money by debit card, check, and bank-to-bank online transfers. Unlike many money market accounts, the Ally Bank account does not require a minimum deposit.

The Ally Bank Money Market Account includes:

• No minimum deposit to open
• No minimum balance
• No monthly fees
• Check card and first 50 checks free
• No ATM fees at any ATM
• Interest compounded daily
• Six no-fee transactions per statement cycle

Compare money market accounts online to find the account with the highest interest rates and lowest fees to maximize your savings.