Additional information of Money Market account
The Money Market account from Ally Bank is, in practice, a savings account that also offers you a free debit card and the possibility of issuing checks at no cost, although it has the restriction of 6 withdrawals per month that these types of savings products have.
With this account you will not pay a maintenance fee nor will you have to maintain a minimum balance or make an initial deposit to enjoy its advantages.
What profitability does the Money Market account offer?
This money market account, which works like a traditional savings account, remunerates the balance from the first dollar with an interesting profitability of 3.40% APY.
And since it has no fees of any kind, it is all the benefit that it brings to your savings, with total availability of your money so that you can withdraw it whenever you want without paying any penalty.
How do I sign up for the Ally Bank Money Market account?
It is an online account, so the application is made through the bank's website, filling in your details in the corresponding form and sending the necessary documents to prove your identity by means of photographs or scanned images.
With this bank you also have the possibility of contracting the remunerated checking account, through which you can access other Ally products, such as mortgages or credit cards.
Español: Cuenta Money Market de Ally Bank