Finally a savings account that lets your money work smarter. Along with a competitive, variable rate and no monthly maintenance fees, the Ally Bank Savings Account comes with tools to help grow your money faster.

Banking, Investing, Home Loans & Auto Finance.

Ally is one of the best online banks and an excellent choice for CDs. Its CD stands out from competitors because they have $0 opening deposit requirements, standard-to-low early withdrawal penalties, and great CD rates.

You can save by having money deposited directly into a savings account from your checking account. Ally Bank makes it even easier to do so with our recurring transfers savings booster. 5. Ally Bank's Savings Account offers tools, called buckets and boosters, to help you save more.

Ally's savings account offers a rate of 4.25%, much higher than the national average of 0.45%, and interest is compounded daily, which means you'll make a bit more money on interest compared with accounts that compound monthly.

online bank 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.

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.

Overview. Ally Bank operates online only and offers checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, mortgages, auto loans and investment products. Ally had $176 billion in assets as of June 20, 2022, ranking it No. 22 among American banks.

The competitive difference. Our advantage is that we combine consumer finance expertise and insights with inventive technology to offer tools and solutions that give you better financing products, services for your business, and experiences across a range of industries.

There are many benefits to opening a bank account with Ally.

• Offers high interest rates on savings accounts.
• No monthly maintenance fees or minimum balance.
• User-friendly mobile banking interface.
• Extensive fee-free ATM access.
• Doesn't have physical branches.
• Doesn't accept cash deposits.

The Ally savings interest rate is competitive and similar to what you can find with the best online banks. To calculate how much you could earn, enter your initial deposit, monthly contribution and Ally's saving rate of 4.25% into the savings calculator below.

It's beneficial to have both a checking account and a savings account. An Ally Bank Spending Account will help you manage and pay for everyday expenses, while an Ally Bank Savings Account can help you save for your future.

In addition to earning interest, money in a deposit savings account is readily available. One of the biggest advantages of a savings account is that your money is fully accessible to you. You have access to your money through an ATM, online banking, our mobile app, or a transaction with a teller at one of our branches.

Ally Bank offers a competitive annual percentage yield (APY), no monthly fees , 24/7 customer support, Overdraft Transfer Service , plus easy-to-use banking options both online and on mobile. We're also upfront about any fees we do have.

online bank 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.

Yes, there is an international transaction fee of up to 1% when using an ATM located outside of the U.S. When using a non-Allpoint ATM overseas, an additional fee may be charged by the ATM owner.