Ally Bank has a money market account offering 1.09% annual percentage yield (APY), which is higher than the average 0.32% APY for money markets. Details of the Ally Bank money market include:
- No minimum balance required
- No monthly maintenance fees
- Open account with $0
- Free check card
- First 50 checks are free
The money market account allows six transactions per statement cycle without any fees. The limit is set by federal law for transactions from all U.S. savings and money market accounts. However, you can make an unlimited number of deposits into a money market.
You also won’t pay a fee to use ATMs. You can use any ATM and if you are charged a fee by another bank, the money will be refunded at the end of the monthly statement period. You also can get cash back when shopping at many stores and gas stations. You’ll receive the free debit card within 10 days and standard checks within five days after Ally Bank receives the opening deposit.
The money market rate is variable so it can change based on market conditions. Interest earned on money markets is compounded daily to help maximize earnings.
- 6 Month CD %
- 1-year CD %
- 2-year CD %
- Money Market Account %
- Savings Account %
- 30-year Fixed Mortgage 3.54 %
Bank rates provided by MoneyRates.com based on average rates for deposits under $10K and conforming mortgage rates
-
If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you. Whether you work with the bank or you found a deal in the newspaper, simply click on the submit a bank deal on the right hand side and help us all out!
-
If you know of any bank deal that we haven't featured on our blog yet, we would love to hear from you.
-
Confused on what you should invest in? Let the GoTalkMoney.com community help you when it comes to investing into a CD. If you already know what you're going to invest in, please vote on the poll on the right. If you want to see the results and you don't know what to vote, simply hit "I'm Not Sure" to see the results.
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
