Available nationwide, Ally Bank is offering a 3.80% APY Rate for their Money Market Account.
Update 12/12/24: The rate has decreased to 3.80% APY from 3.85%. For more competitive rates, we highly recommend our top choice savings account at Western Alliance Bank.
Ally Bank Money Market Account Review
Ally Bank relentlessly focuses on “Doing it Right” and being a trusted financial services provider to their consumer, commercial, and corporate customers. Additionally, they are one of the largest full-service automotive finance operations in the country and offer a wide range of financial services and insurance products to automotive dealerships and consumers.
I’ll review Ally Bank Money Market Account below.
Ally Bank Money Market Account Rate
- Eligible account: Money Market Account
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $0
- Monthly fee: None
- Early Termination Fee: None
(Member FDIC)
How to Earn Rate
- Open a Ally Money Market Account account.
- Maintain any balance amount and earn the 3.80% APY rate.
| Balance Requirement | APY Rate |
| $0.01+ | 3.80% APY |
Ally Bank Account Features
- No monthly maintenance fees or minimum balance requirements.
- FDIC insured up to $250,000
- Earn over the national average with interest compounded daily
- 24/7 support
Account Perks
- Competitive rate: The Ally Money Market account offers a relatively high rate on all balances in comparison to other money market accounts.
- No monthly maintenance fee: No need to worry about monthly fees with Ally Bank.
- Checking features: You’ll receive a debit card with access to 43,000+ fee-free ATMs nationwide with your account.
- Customer service/support: You have access to 24/7 support via phone, chat, and email.
Is Ally Bank FDIC Insured?
Yes, your money is FDIC insured up to the maximum allowed by law.
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Conclusion
If you are currently on the market for a new Money Market account, then definitely check out the current promotion. To qualify for the attractive rate, all you would need to do is meet the simple account requirements and you could be well on your way enjoying the account at its fullest potential.
In addition to the rate from Ally Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
