All interest rate and fee information is accurate as of March 16, 2023. One of the advantages of not having any physical branches is that the bank can pass along those savings to customers in the form of lower fees. That’s the case with the Ally Bank Interest Checking account, the only checking product offered by this bank.
Why is Ally Financial allowing negative reviews?
Why is Ally Financial management allowing all this negativity to be posted against their bank that they represent. Consistent negative reviews against Ally Financial is a strong oversight from corporate leaders and very bad press for Ally Financial and its future attraction to new customers.
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.
Is consumer ally a good money market account?
Consumer Ally reviews of its money market account are extremely positive, with 93% of its customers stating that they would recommend it to a friend. Ally offers both regular CDs as well as IRA CDs. CDs are available with terms which range in length from just 3 months to 5 years.
