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Ally Invest Cash Sweep Options. Ally Money Market Fund, Brokerage Account Interest Rates.

2022 Ally Invest uninvested cash sweep account options (FDIC bank, money market fund) vehicle choices. Ally brokerage\IRA account APY interest rates, insurance, and fees.

Ally Invest Cash Sweep Account Options

Free cash balances at Ally Invest are protected by SIPC and earn no interest. This is the default option for cash deposits with the broker. There is a $250,000 limit on the insurance that covers these balances. The broker allows checks and a debit card to be added to a trading account, but requires a staggering $100,000—in cash—to acquire these cash management tools (there is a workaround - see section below).

There are also FDIC-insured sweep programs available to Ally Invest customers. For the first option the broker requires a very steep $200,000 in uninvested cash to apply for it, though. Even worse, this cash option only earns 1 basis point in interest right now. Only non-retirement accounts can sign up for this option.

Second FDIC-insured sweep program has no requirements and it is available to everyone. There is, however, no interest with it right now.

Ally moves free cash balances to participating banks where they are protected by the government up to $250,000. A paper form must be filled out and sent to the brokerage firm in order to participate in the service.


Up to $3,000 cash bonus + $0 commission trades.

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Better Ally Invest Cash Sweep Options

The best way to handle cash with an Ally Invest account is to open an Ally Bank account, which will automatically be linked to your Ally brokerage account. Ally does require the bank account to be added to the securities account before funds can be transferred between the two. And transfers must be initiated on the brokerage side.

Ally Bank's deposit accounts have very attractive features. Checks and a debit card are free of charge. And the company reimburses ATM fees incurred in the U.S. There is a $10 maximum per month on this policy. A way around this rule is simply to use Allpoint cash machines, which don't charge Ally customers any fees.

Ally's savings account currently earns 0.6% APY, while its money market deposit account yields 0.5% APY. Either account can have a debit card attached at no cost. The money market account can have checks added as well. If you need more than 6 withdrawals per month, Ally offers a checking account, which pays 0.10% to 0.25%, depending on account balance.

These linked bank accounts come with their own 7am-10pm ET, 7 days a week customer service. Ally doesn't charge any monthly fees for them, and it's possible to send other people funds using Popmoney.

Broker Review

Ally Invest rating

Read detailed review of Ally Invest account.

Ally Invest Money Market Fund Rates

A money market mutual fund cannot be used as an account's core position at Ally. The broker does, however, offer 156 money market mutual funds for purchase as a regular holding. Funds without a load at Ally cost $9.95 to buy and sell, while load funds are always free to trade.

Ally Invest Margin Rates

Debit Balance Margin Interest Rates
$0.01 - $4,999 8.00%
$5,000 - $9,999 8.00%
$10,000 - $24,999 8.00%
$25,000 - $49,999 7.75%
$50,000 - $99,999 7.00%
$100,000 - $249,999 5.75%
$250,000 - $499,999 4.75%
$500,000 - $999,999 4.25%
$1,000,000 + 3.50%

Ally Invest Cash Rates Summary

Compared to other brokers, Ally Bank's deposit accounts are much more lucrative. Their interest rates on cash are some of the best in the industry and the highest among online brokers.

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Up to $3,000 cash bonus + $0 commission trades.

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About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for, Chad can usually be found managing his portfolio or building a new home computer.