Money Lobang

Ally Bank Money Market Account

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APY 4.25% Image
Min. Deposit $0 Image

Last updated on 2024-03-19

Ally Bank Money Market Account Review

Pros Pros

Convenient online banking

No min. balance

Able to write checks and use debit card

Cons Cons

No physical banks

Deposit Details Ally Bank Money Market Account APY

  $0 & Above
Interest Rate 4.25% APY

 

Receive 4.25% APY on all balance tiers in your Ally Bank online money market account

No monthly maintenance fees or minimum balance requirements

Interest is compounded daily

Ally Bank Debit Card

ATM withdrawals at one of 43,000 Allpoint ATMs for free

Reimbursement of up to $10 per statement cycle for fees charged at other ATMs nationwide

Write checks

6 withdrawals per statement cycle after which $10 excessive transaction fee will be charged for each transaction (Fee will be refunded to help those impacted by COVID-19)

Funds can only deposited via transfers or checks

 

Click here to go to Ally Bank website for more details

 

About Bank About Ally Bank

Ally Bank is an online bank without any physical branches. They offer an array of deposit, personal lending and mortgage products and services. Online banking is available via app or website for all customers. Customers can make use of their various tools such as buckets or boosters to help them save more and towards targeted goals

Ally Bank can be contacted via chat, email or phone. Customers can also contact them about their savings via phone 24/7 on 1-877-247-2559 with a waiting time specified on their website

Ally Bank is a member of FDIC which covers the deposits of a depositor to up to US$250,000

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Ally Bank Money Market Account Review

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