Anyone hoping to save a lot of money and gain a lot of interest needs to consider opening a money market account. Money market accounts are similar to savings accounts but the interest rate is much higher and there are other stipulations as well including the following:· Higher minimum balance requirements (typically $1,000 deposit is required to open the account).3 to 6 withdrawals per monthATM withdrawls are unlimited3 checks can be written per monthSome banks will offer debit card … [Read more...]
Ally Bank’s Money Market Account with Debit Card (Rate Update)
Rate Update: 1 30, 2017: 1.00% APY (current rate) Nov 24, 2010: 1.09% APY Nov 06 2010: 1.19% APY Sep 03, 2010: 1.25% APY Looking for an account that offers the flexibility of a check card and still earns a higher rate than your traditional savings account? Then take a look at . A money market account is a form of savings account with higher interest rates than a regular savings account. A money market account isn’t to be confused with a money market fund, which is a mutual fund … [Read more...]
