Last updated on 2024-11-21
Convenient online banking
No min. balance
Able to write checks and use debit card
No physical banks
$0 & Above | |
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Interest Rate | 3.85% APY |
Receive 3.85% APY on all balance tiers in your Ally Bank online money market account
No monthly maintenance fees or minimum balance requirements
Interest is compounded daily
Ally Bank Debit Card
ATM withdrawals at one of 43,000 Allpoint ATMs for free
Reimbursement of up to $10 per statement cycle for fees charged at other ATMs nationwide
Write 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)
Funds can only deposited via transfers or checks
Click here to go to Ally Bank website for more details
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