The Money Market Account from Ally Bank has a 1.70% APY. This account has no minimums, no monthly fees, and can be opened with $0. With this account you are given the flexibility of a check card so you can save and spend as you need. There are no ATM fees, if another bank's ATM charges you a fee, Ally will refund the first four, up to $6 per month. Interest is compoundced daily so you can maximize your earnings. You are allowed six withdrawals and transfers per statement cycle. Your actual variable rate will go into effect when you make your opening deposit. As with all Ally Bank accounts, the Money Market Account is FDIC insured.