Ally Bank Money Market Account
in Money Market Accounts from Ally Financial Inc.Claimed
|APY (Annual Percentage Yield)||0.9% - 1%|
|APY Minimum Balance||$1|
|Minimum Initial Deposit||N/A|
Ally Bank Money Market Account Review
Ally Bank Money Market Account is offered by Ally Financial Inc., a bank founded in 2001 and based in Philadelphia, PA. Ally Bank Money Market Account is available in 50 states (and Washington, DC).
Are money market accounts from Ally Financial Inc. federally insured?
Yes, your Ally Financial Inc. money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57803). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the Ally Bank Money Market Account rates?
Ally Bank Money Market Account offers an APY starting at 0.9% and ranging up to 1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1.
|APY (Annualized Percentage Yield)||0.9% - 1%|
What are the Ally Bank Money Market Account fees?
Ally Bank Money Market Account does not charge a monthly maintenance fee.Ally Financial Inc. will charge you a $10 fee if you exceed your maximum number of monthly transactions.
Federal regulations limit the number of transactions you can make from your money market account to six per month.
|Paper Statement Fee||N/A|
|Excess Transaction Fee||$10|
What is the minimum balance for Ally Bank Money Market Account?
No minimum initial deposit. Ally Financial Inc. does not require a minimum initial deposit to open an account.
Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.
What features and perks does Ally Bank Money Market Account offer?
This account does not seem to offer any of the features and perks we track.
How to open an account with Ally Financial Inc.
- Visit the Ally Financial Inc. website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
Other Services by Ally Financial Inc.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
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