Ally Money Market Account Rates

Brand courtesy of Ally Financial institution

Ally Financial institution is an online-only financial institution providing a variety of economic merchandise, together with deposit accounts comparable to checking and financial savings accounts. The financial institution’s cash market account, specifically, affords a excessive annual share yield (APY) that’s a stable alternative for patrons searching for a aggressive cash market account.

In addition, the account will be opened with out a minimal deposit, there’s no month-to-month charge and you can begin incomes curiosity with as little as one cent.

Ally Financial institution earned 4.7 out of 5 stars in Bankrate’s overview throughout its deposit merchandise, and its cash market account earned a rating of 4.5 out of 5 stars.

Ally Financial institution cash market rates of interest

Ally affords only one cash market account, which earns a excessive yield on all steadiness tiers.

How Ally’s cash market account compares with top-yielding banks

Whereas Ally Financial institution’s cash market account is extremely aggressive, it’s potential to discover a increased price elsewhere, together with:

However whereas these banks supply increased yields, some do require a minimal deposit to open the account, and a few even include a month-to-month charge. As such, Ally might not be the best APY on the market for a cash market account, however it’s simple and low cost to open the account. Furthermore, as a result of Ally affords a variety of merchandise, it may be your one-stop store for banking.

Different financial savings choices at Ally

Ally additionally affords a financial savings account, checking account and a big swath of certificates of deposit. Not one of the accounts characteristic month-to-month charges or minimal steadiness necessities — and all of Ally’s accounts pay aggressive yields, too.