Money Market Account

Increase your earning power. Keep your money within reach.

Annual Percentage Yield

^% on all balance tiers

Give your savings a turbo boost.

Our Money Market Account gives you a competitive rate to grow your money, plus a debit card and checks to access it with ease.

Use any Allpoint® or MoneyPass® ATM in the U.S. for free.

Make unlimited ATM withdrawals at one of 75,000+ Allpoint® and MoneyPass® ATMs for free. We’ll even reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide.

Find an ATM

Your money earns money with a competitive rate.

With interest compounded daily, your money grows faster. Keep in mind, rate is variable and may change after the account is opened. Deposits are insured by the FDIC up to the maximum allowed by law.

More about FDIC coverage

Deposit checks remotely.

With Ally eCheck Deposit℠ you can deposit checks right from your smartphone. Just snap a photo, and you’re good to go.

Features offered with every Ally Bank account.

Open in the name of a trust.

Offer flexibility and security for the ones you care about most.

Learn more

No monthly maintenance fees or minimum balance requirements.

Don’t expect any sneaky fees with us. Keep in mind, with this type of account you can make unlimited ATM withdrawals and up to 10 withdrawals per statement cycle.

About the transaction limit

24/7 support.

Call, chat, or email us any time. A real person is always available to help, day or night.

Direct deposit is a breeze

Let us prefill your form so you can focus on growing your savings.

Explore Direct Deposit

Delve deeper with our experts.

We’ll walk you through the basics of a Money Market Account and the role one could play in your financial picture.

SAVE What is a Money Market Account?

4 min read

SAVE Where to save? Money market accounts vs. savings accounts

6 min read

SAVE A guide to Money Market Accounts

4 min read

SAVE Are Money Market Accounts safe?

5 min read

Get more for your money.

Compare the cost of banking somewhere else.

Daily Balance

What you should know.

Our Annual Percentage Yields (APYs) are accurate as of XX/XX/XX . No minimum balance required to earn APY. Keep in mind, these rates are variable and may change after the account is open. Fees may reduce earnings. The APYs for other banks are provided by mybanktracker.com and are accurate as of XX/XX/XX . The APYs in this table are for the state of California.

A tier is a range of account balances.

Our balance tiers are:

Less than $5,000
Between $5,000 and $24,999.99
$25,000 or more

The APY we pay is based on the tier in which your end-of-day balance falls. APYs are variable and subject to change.

Fees, a short story.

You shouldn't be nickel and dimed for using your own money.

There's a lot we don't charge for

Monthly maintenance fees
Overdraft item fees
Standard or expedited ACH transfers
Incoming wires (domestic and international)
Official/cashier's checks
Excessive transactions fee

...and we won't hide the fees we do have.

Expedited delivery

$15
Outgoing domestic wires

$20

Get to know every aspect of this account before you sign up.

Check out our Straight Talk Product Guide (PDF).

Bank better, starting now.

It only takes a few minutes to open an account.

1. Tell us about yourself.

We'll need some personal details like your address, contact information and social security number.

2. Fund your account.

There’s no minimum amount to open an account, but the faster you fund, the sooner you’ll earn interest.

3. Enjoy our award-winning experience.

Get online access right away and explore everything we offer as well as other ways we can help you reach your goals.

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People like it here. We think you will, too.

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FAQs

We have answers.

No, we don’t accept cash. But you can make a deposit into your account using one of these methods:
Remote check deposit with Ally eCheck Deposit℠

Online transfers and direct deposit

Wire transfers and mail
There are several ways you can add money to your accounts. You can transfer money from another bank or an Ally Bank account. We also offer Ally eCheck Deposit℠ to deposit checks. You can also send a wire transfer or mail checks to:

Ally Bank

P.O. Box 13625

Philadelphia, PA 19101-3625

Make sure checks are properly endorsed on the back with For Deposit Only and the signatures of all payees. Please don't send cash.

You can also set up direct deposit with your employer. Direct Deposit (PDF)
Your debit card and initial check order will arrive in the mail within 10 business days after we receive your opening deposit.

When re-ordering standard checks, after you submit the request your checks should arrive in 10 business days.

Please call us at 1-877-247-2559 if you don't receive your debit card or checks within 10 business days.
Our savings account includes buckets and boosters, designed to help you organize and optimize your savings. Like digital envelopes, savings buckets help you organize whatever you're saving for without needing multiple accounts. Boosters like Surprise Savings and Round ups are money-saving tools to help you reach your goals faster.

Our money market account doesn't have buckets and boosters, but does offer a debit card and checks.
Both accounts give you easy access to your money and a competitive interest rate on your balance.

Money Market Accounts

We limit certain types of withdrawals and transfers money market accounts to 10 per statement cycle. These limited transactions include things like Online and Mobile Banking transfers (between Ally Bank accounts or to a third party), Overdraft Transfer Service, checks, and point-of-sale transactions (such as debit card purchases).

While you will receive checks and a debit card for a Money Market Account, you won’t have access to the free online bill pay service that comes with a Spending Account. Remember, deposits are always unlimited and don’t count towards your transaction limit.

Spending Accounts

There’s no limit on the number of transactions you can make.

You’ll also get the convenience of our online bill pay service for free. And as your Spending Account balance grows, you could earn a higher interest rate.

Still have questions? Visit our Help Center.