Ally Bank Money Market Account review

Ally Bank Money Market Account has the most complete set of ways to reach your money among the bank accounts here. It comes with both a debit card and checks, unlimited withdrawals at more than 75,000 Allpoint and MoneyPass ATMs in the US, and up to $10 per statement cycle back for fees at other ATMs. The APY was 3.20% as of November 12, 2026, with no minimum balance to earn it, and Ally charges $0 for monthly maintenance, overdraft items, standard or expedited ACH transfers and incoming wires. Support runs 24/7 by phone, chat or email. The main limit matters for check writers: checks, online transfers and debit card purchases count toward a combined 10 per statement cycle. Ally does not charge for going over, but it says it will close the account if that happens more than occasionally. The rate is also lower than Sallie Mae's 3.60% and Zynlo's 4.05%.

Who it is for

savers who want checks plus a debit card and free ATMs

Price

$0 monthly maintenance fees and no minimum balance; 3.20% APY as of 11/12/26.

No monthly maintenance fees or minimum balance requirements.
Quoted from the vendor pricing page on November 13, 2026.

Key features

• 3.20% APY as of 11/12/2026 with no minimum balance to earn it
• Debit card and checks
• Unlimited withdrawals at 75,000+ Allpoint and MoneyPass ATMs in the US
• Up to $10 per statement cycle reimbursed for fees at other ATMs
• 24/7 support by phone, chat or email

Strengths and weaknesses

• Strength: $0 monthly maintenance, overdraft item, ACH and incoming wire fees
• Strength: Unlimited ATM withdrawals do not count toward the transaction limit
• Strength: Interest compounded daily
• Weakness: Checks, transfers and card purchases share a limit of 10 per statement cycle
• Weakness: Ally may close the account if you exceed the limit more than occasionally
• Weakness: 3.20% APY is below Sallie Mae and Zynlo

Key facts

• APY: 3.20% as of 11/12/2026
• Monthly fee: $0
• Access: Debit card, checks, 75,000+ free ATMs
• Withdrawal limit: 10 per statement cycle, ATMs unlimited

Where it ranks

Ally Bank Money Market Account is No. 2 in our Best Money Market Accounts verdict.