Ally Bank operates as an online bank and has no branches. It serves about 790,000 customers and offers savings and money market accounts, checking accounts, certificates of deposit (CDs), IRA CDs and IRA online savings accounts. The company has been named "Best Online Bank" by MONEY Magazine four years in a row. Ally’s customer satisfaction score has consistently remained over 90%.
Online Savings Account
Annual Percentage Yield (APY): 1.50% (On all balance tiers).
No minimum deposit to open.
No monthly maintenance fees.
24/7 customer service by phone or IM.
The most common services and transactions are free.
ACH transfers to your non-Ally Bank account: $0.
Incoming wires (domestic & international): $0.
Official / cashier's checks: $0
No hidden fees.
Also read: diamond bank CEO history.
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