A money market account is similar to a savings account. You earn interest on deposits and they are FDIC insured. The main differences between money market accounts and savings accounts are higher interest rates, minimum balance requirements and limitations on withdrawals and transfers.
Featured Money Market Account
Open a money market account with Ally Bank and enjoy no minimum balance restrictions, and no fees, plus a free check card and 50 free checks. Lock in a top interest rate now! Money Market customers are not required to make a minimum deposit and are exempt from ATM fees. Ally Bank will grow your money faster by compounding interest daily. Other banks compound monthly, quarterly, or even annual basis. All Ally Bank financial products are FDIC-insured. Apply Now.