Logo courtesy of Ally Bank
Ally Bank is an online only bank that offers a wide range of financial products including deposit accounts such as Under check and Save money account. In particular, bank money market accounts are High annual profit (APY) This is a solid choice for customers looking for a competitive money market account.
You can open your account without minimum deposit to launch it. There is no monthly fee. You can earn interest for just one cent.
Alli Bank The bankrate reviews for the entire deposit product earned 4.5 out of 5 stars, and its money market account scored 4.4 out of 5 stars.
Interest rates on Ally Bank Money Market
Ally offers only one Money Market Accountobtains high yields in all balanced layers.
| Account Name | apy | Minimum deposit |
| Money Market Account | 3.60% | There is no minimum |
Note: The indicated annual yield (APY) is as of June 5th2025and may vary depending on the region.
How Ally’s Money Market Accounts are compared to Top Yield Banks
Ally Bank’s money market accounts are very competitive, but you can find higher rates elsewhere including:
However, these banks offer higher yields, with some people requiring a minimum deposit to open an account, while others have a monthly fee. So, while Ally may not be the best Apy for money market accounts, it’s easy and inexpensive to open an account. Plus, Ally offers a wide range of products, making it a one-stop shop for banking.
Other savings options from Ally
Ally also offers savings accounts, current accounts and large strips Deposit certificate. None of the accounts have monthly fees or minimum balance requirements, and all Ally accounts also pay competitive yields.