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Ally Bank is another great online-only bank, and offers nationwide online Checking, Savings, Money Market, CD and IRA accounts that earn market leading rates.
Update 3/29/2023: The APY rate increased from 3.80% to 4.00%.
Update 3/14/2023: The APY rate increased from 3.50% to 3.80%.
Update 2/27/2023: The APY rate increased from 3.40% to 3.50%.
Update 2/3/2023: They raise the APY rate for the money market account from 3.30% to 3.40%.
Update 12/16/2022: The APY rate increased to 3.30%
Ally Bank is an internet-only bank based in Utah and offers a wide variety of deposit accounts, as well as auto financing services.
See Posts History below for more offers from Ally.
Ally Bank Money Market Account Details
- Availability: Online, nationwide
- Minimum to earn APY: $1
- No monthly maintenance fees or minimum balance requirements.
- Use any Allpoint ATM in the U.S. for free. Make unlimited ATM withdrawals at one of 43,000+ Allpoint ATMs for free. They’ll even reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide.
- Interest is compounded daily
- Deposits are insured by the FDIC up to the maximum allowed by law.
- With Ally eCheck Deposit℠ you can deposit checks right from your smartphone.
- 24/7 support. Call, chat, or email any time.
Opening An Account
- They’ll need some personal details like your address, contact information and social security number.
- There’s no minimum amount to open an account, but the faster you fund, the sooner you’ll earn interest.
- Access your account online right away.
Bottom Line
Compare rates with other top money market accounts here.
Posts History:
- Ally Invest $100 Bonus for Self-Directed Trading Account [Targeted] – Ends 12/31/23
- Earn Up To 5.00% APY: Ally Bank’s Best Online CD Account Rates (Available Nationwide)
- Ally Bank Savings Account Up To $500 Bonus (Nationwide) – Ended
- Best Socially Responsible & Ethical Banks 2023
- Ally Credit Cards Launch: Unlimited Cash Back, Everyday Cash Back, Platinum Mastercard
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