clong55 OP t1_jeb8yio wrote

And to avoid transaction fees with Ally's money market/savings account, the rule of thumb would be to minimize outgoing wire transfers, i.e transfer money from Ally to a different bank, right?

Transfer between accounts within Ally, and from Ally to say, National grid/Verizon for utilities should be free, as those are considered ACH transfers?


clong55 OP t1_jeb3rci wrote

Thanks for the thorough explanation! So all the CDs I listed in the description are not ideal if premature withdrawals are expected, even with the no-penalty option, correct? And MM is the most flexible when it comes to withdrawal, which is good for emergency funds. Following is Savings account which could be used for down payments, right?

But what is the reason for not putting the down payment money in CDs?