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  Ally Bank Money Market Account

Ally Bank Money Market Account

in Money Market Accounts from Ally Financial Inc.

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Ally Bank Money Market Account

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in Money Market Accounts from Ally Financial Inc.

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Highlights
Highlights
APY 0.9% - 1%

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 offered 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.

Ally Bank Money Market Account Rates and Terms
Rates Amount
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.

Ally Bank Money Market Account Fees
Fees Amount
Monthly Fee $0
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.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $0
Monthly Fee $0
APY 0.9% - 1%

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