The Online Savings account from Ally Bank earns an APY of 1.55%. This account earns a better rate than traditional savings accounts with the freedom of online access. The Online Savings Account has no minimum balance, no monthly fees, and can be opened with $0. Interest is compounded daily for maximum earnings. You are allowed six withdrawals or transfers per statement cycle. Your actual variable rate will go into effect when you make your opening deposit. Like all Ally Bank accounts, the Online Savings Account is FDIC insured.
I tried to open an online savings with Ally and was told I could not because I have no credit. I am a 19 year old college student still living at home so i have no bills or credit cards in my name. Ally bank felt me having $10,000 in their bank would be too high of a risk due to my lack of credit.
Great savings rate, more competitive than most other banks, and the sign up process was easy and secure. I look forward to adding to this savings account every month and watching it grow!
Been a customer for about a year and they have had consistently high rates and I have had no problems. The only thing I did not like earlier was that they did not have online statements but they fixed that.
Been great so far. Great rates and service. Website sucks though. Like a bad 1995 website so how secure is it?
DO NOT TRUST ALLY BANK!!!!!!
After making my initial deposit they took $12,000 out if my checking account without my authorization, making me $5000 overdrawn, with no money to pay bills, and told me that I did it and it would be 3 to 5 business days before I could get any of my money back into my account. I’m still waiting!
I Agree. I am looking for a switch and to find a place to take advantage of a better rate.
What happened to RedneckBank.com and the 3.25 they offered. HMMMM????
Scares me to get involved with anything involved with GM being this is the former GMAC
2.25% is pretty impressive in this market! Considering switching from HSBC direct, who I have been with for 4 years now.
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
The problem is they're pumping all their money into *** Indian marketing. I can understand hiring programmers from India, but managers and marketers. I could find a crack head in the Bronx that could do that job and they're paying Sanjay Guptard 1.6 million to squat in his office in a diaper hurling feces.