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  Ally Bank Online Savings Account

Ally Bank Online Savings Account

in Savings Accounts from Ally Financial Inc. · Member FDIC

Claimed

Ally Bank Online Savings Account

Claimed

in Savings Accounts from Ally Financial Inc. · Member FDIC

SuperMoney Net Recommendation Score +89%

SUPERMONEY NET RECOMMENDATION SCORE

+89%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Strongly recommended

8 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Monthly Fee $0
APY (Annual Percentage Yield) 0.60%
APY Minimum Balance $1
Number of Reviews 9

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).

Ally Bank Online Savings Account FAQ

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.

Does Ally Financial Inc. offer a signup bonus?

Ally Bank Online Savings Account has a signup bonus of $0.

What is the minimum balance for Ally Bank Online Savings Account?

The minimum balance to open a Ally Bank Online Savings Account is $0.
Ally Bank Online Savings Account Account Minimums
Description
APY Minimum Balance $1
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Required Balance N/A
Minimum Account Transfer to Avoid Monthly Fee N/A
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Balance to Avoid Monthly Fee $0

What APY does Ally Financial Inc. offer?

Ally Bank Online Savings Account offers an APY of 0.60% (APY stands for annual percentage yield, rates may change).

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

This account includes the following features:

  • 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.
  • Ally Bank Online Savings Account Features
    Description
    Bank Account Features
    • No ATM Fees
    • FDIC Member
    • Branch Access
    • Bauer Financial A+/A Rating
    • Automatic Savings
    • Fraud Monitoring
    • Mobile Banking
    • Check Images with Statement
    • Nationwide ATM Network
    • ATM Reimbursement
    • Interest Bearing Account
    • No Monthly Maintenance Fee
    • Mobile Check Deposit

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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  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
  • No ATM Fees
  • FDIC Member
  • Branch Access
  • Bauer Financial A+/A Rating
  • Automatic Savings
  • Fraud Monitoring
  • Mobile Banking
  • Check Images with Statement
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.60%

Ally Bank Online Savings Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+89%

-100% 0% +100%
No one recommends Everyone recommends

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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