What are the benefits of using a bank account?

No monthly maintenance fees or minimum balances on checking, savings or CDs. Access to over 43,000 free ATMs via checking or money market accounts. An above-average interest rate on savings. No overdraft fees. No way to deposit cash. No branches available.

What are the benefits of an ally bank savings account?

An Ally Bank savings account offers many benefits to consumers. The main benefit is that Ally is able to offer a higher interest rate than most banks due to its low overhead. It currently offers an annual percentage yield (APY) of 1 % with interest compounded daily.

How does ally mobile banking work?

Ally’s user-friendly mobile banking interface allows you to manage your accounts and monitor savings progress on the go. You can easily make deposits, pay bills, find nearby ATMs, invest in stocks and designate your savings into unique buckets that help you visualize how you'll save or spend your money.

Is Ally Bank the best online bank?

The bank has received many awards and recognition for being the best online bank and is often seen as being a top rated bank by consumers. MyBankTracker gave the bank an A+ rating in its Ally Bank review, and NerdWallet gave it a 4.5 star rating.