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  Ally Bank Online Savings Account

Ally Bank Online Savings Account

in Savings Accounts from Ally Financial Inc.

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Ally Bank Online Savings Account

Claimed

in Savings Accounts from Ally Financial Inc.

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Highlights
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Community Rating

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APY (Annual Percentage Yield) 1.8%
APY Minimum Balance $1
Monthly Fee $0

Ally Bank Online Savings Account Review

Ally Bank Online Savings Account is offered by Ally Financial Inc., a bank founded in 2001 and based in Philadelphia, PA. Ally Bank Online Savings Account is available in 50 states (and Washington, DC).

Are savings accounts from Ally Financial Inc. federally insured?

Yes, your Ally Financial Inc. savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57803). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Ally Financial Inc. offer?

Ally Bank Online Savings Account offers an APY of 1.8% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does Ally Bank Online Savings Account offer?

This account includes the following features:

Ally Bank Online Savings Account Features
Description
Bank Account Features
  • ATM Reimbursement
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Check Images with Statement
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
  • No Monthly Maintenance Fee
  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Ally Bank Online Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.

What fees does Ally Bank Online Savings Account charge?

Ally Bank Online Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $20 fee.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $1
Minimum Balance to Avoid Monthly Fee $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Initial Deposit $0
Early Account Closure $0
Monthly Fee $0
Paper Statement Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0
Returned Deposit Fee (Domestic) $7.50
Wire Transfer Fee - Domestic (Outgoing) $20
Bauer Financial A+/A Rating  
Bank Account Features
  • ATM Reimbursement
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Check Images with Statement
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 1.8%

Ally Bank Online Savings Account Community Reviews

 

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