Available nationwide, Ally Bank is offering 4.00% APY with their Online Savings Account.
Ally Bank Online Savings Review
Ally Bank relentlessly focuses on “Doing it Right” and being a trusted financial services provider to their consumer, commercial, and corporate customers. Additionally, they are one of the largest full-service automotive finance operations in the country and offer a wide range of financial services and insurance products to automotive dealerships and consumers.
I’ll review Ally Bank Online Savings below.
Ally Bank Online Savings Rate
- Eligible account: Online Savings
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $0
- Monthly fee: None
- Early Termination Fee: None
(Visit Ally Bank to learn more)
How to Earn Rate
- Open an Online Savings account from Ally Bank.
- Maintain any balance amount and earn the 4.00% APY rate.
| Balance Requirement | APY Rate |
| $0.01+ | 4.00% APY |
Ally Bank Account Features
- No monthly maintenance fees or minimum balance requirements.
- FDIC insured up to $250,000
- Earn over the national average with interest compounded daily
- 24/7 support
Are My Deposits FDIC Insured?
Yes. Ally Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC protects your Ally Bank deposits up to $250,000 per depositor for each qualifying account ownership category.
Frequently Asked Questions (FAQs)
Can I deposit cash?
- No, Ally doesn’t accept cash deposits. There are other ways to deposit funds into the account like:
- Remote check deposit with Ally eCheck Deposit℠
- Online transfers
- Direct deposit
- Wire transfers
- Mail checks
Conclusion
If you are currently on the market for a new Savings account, then definitely check out the current promotion Ally Bank is offering. To qualify for the attractive rate, all you would need to do is meet the simple account requirements and you could be well on your way enjoying the account at its fullest potential.
In addition to the rate from Ally Bank, check out our list of best rates Savings, Money Market, and CD accounts.
If you are interested in expanding your financial future, definitely use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Let us know about your experience with this bank and comment below.
