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EqualSein t1_jebkghu wrote

Reply to comment by clong55 in High-yield savings account - Which type of Ally should I open? by clong55

Yes but Ally's No Penalty CD allows you to break it whenever you want and transfer the money to your ally savings account immediately so you get the best of both there.

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clong55 OP t1_jebluoe wrote

Gotcha. What about Ally's money market account over savings?

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EqualSein t1_jebmxxi wrote

Only difference besides the interest rate is that money market accounts will give you checks and a debit card while savings accounts won't. You can instantly move money between Ally accounts on the website or in the app so this really shouldn't matter much.

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