Ally Bank is a full-service online bank offering competitive rates, low fees and no account balance requirements.

Terms apply to offers listed on this page. The bottom line: Ally is one of our top picks for the best online banks. It's a great option for banking and investing. Other financial institutions have more offerings for mortgages and other types of loans, though.

Ally Financial

The good news is that Ally looks pretty well-insulated from some of the issues that put several banks out of business recently. It does not have too many unrealized bond losses that are unaccounted for, and with bond yields falling, that should help lessen some of the unrealized losses in its AFS portfolio.

Based on the latest financial disclosure, Ally Financial has a Probability Of Bankruptcy of 1.0%. This is 98.0% lower than that of the Consumer Finance sector and 97.72% lower than that of the Financials industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.

To open an account with Ally Bank or Ally Invest: You have to be a citizen or a legal permanent resident of the United States. You must be at least 18 years old.

Ally is a robust online bank with an array of deposit products, loans and services. The bank offers deposit accounts with no monthly maintenance fees or minimum balance requirements. Pays higher yields on CDs and savings accounts than traditional brick-and-mortar banks.

Ratings Affirmed with Stable Rating Outlook: On March 20, 2023, Fitch Ratings' affirmed Ally Financial Inc.'s (Ally, or the company) Issuer Default Rating (IDR) of 'BBB–' and maintained the Rating Outlook at Stable.

Your money is safe with Ally Bank because it is FDIC-insured. This means that your funds in Ally deposit accounts are insured up to $250,000 per person, per ownership category if the bank goes out of business.

Is Ally a safe bank? Your money is safe with Ally Bank because it is FDIC-insured. This means that your funds in Ally deposit accounts are insured up to $250,000 per person, per ownership category if the bank goes out of business.

You won't see an Ally Bank ATM, but you can use your debit card at any ATM worldwide. Use our ATM & Cash Back Locator to find ATMs across the U.S. online or on your mobile device.

To open an account with Ally Bank or Ally Invest: You have to be a citizen or a legal permanent resident of the United States. You must be at least 18 years old.