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Ally Bank Online Savings Account

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APY 4.20% Image
Min. Deposit $0 Image

Last updated on 2024-04-23

Ally Bank Online Savings Account Review

Pros Pros

Decent yields for savings account for one of the larger banks in the country

Convenient online banking

No min. balance

Cons Cons

No physical banks

Deposit Details Ally Bank Savings Account APY

  $0 & Above
Interest Rate 4.20% APY


Receive 4.20% APY on all balance tiers in your Ally Bank online savings account

No monthly maintenance fees or minimum balance requirements

Interest is compounded daily

Available as an IRA

Funds can only be withdrawn or deposited via transfers or checks

6 withdrawals per statement cycle after which $10 excessive transaction fee will be charged for each transaction (Fee will be refunded to help those impacted by COVID-19)


Click here to go to Ally Bank website for more details


About Bank About Ally Bank

Ally Bank is an online bank without any physical branches. They offer an array of deposit, personal lending and mortgage products and services. Online banking is available via app or website for all customers. Customers can make use of their various tools such as buckets or boosters to help them save more and towards targeted goals

Ally Bank can be contacted via chat, email or phone. Customers can also contact them about their savings via phone 24/7 on 1-877-247-2559 with a waiting time specified on their website

Ally Bank is a member of FDIC which covers the deposits of a depositor to up to US$250,000


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