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Interest on savings and money-market accounts, as well as CD rates, keeps climbing. (Oscar Wong—Getty Images) ... Ally Bank offers 4% on its money-market accounts, ...
A money market account is like a savings account, ... For instance, prior to 2022, Ally Bank’s highest savings yield was 2.25 percent APY. That was on June 4, 2009.
Ally Bank — 11-month terms at 3.75% APY. Bank of America — 12-month terms at 3.25% APY. ... Money market accounts. Best for savings you want to keep accessible for occasional expenses.
Ally Bank’s Money Market Account. Why it stands out: The Ally Bank Money Market Account has a $0 minimum deposit, no monthly fees, and 0.50% annual percentage yield. That APY is tied for the ...
The money market account offered by Ally Bank is an example of an FDIC-insured money market account. The account earns a competitive yield, and it also comes with a debit card and checks.
For example, Ally Bank has no minimum balance or monthly fee for its money market account. Usually, if a bank charges a monthly fee for its money market account, there are ways to avoid the fee.
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