and international ATMs for free.Īs you might’ve realized from the “Online Savings Account” title, Ally is a branchless, online/mobile bank. The Allpoint ATM network is partnered with Ally, meaning you can visit its 55,000 U.S. Once you open your account, Ally will supply you with a debit card that you can use to make purchases or withdraw money from an ATM.
Accounts with a minimum daily balance above $15,000 get a 0.25% APY, and those underneath that threshold earn at 0.10%. Ally provides its Spending Account to help you do just that, while simultaneously maintaining an ability to earn interest. Most banking customers accompany their savings accounts with a checking account. You won’t pay any monthly maintenance fees with the Online Savings Account either. This is a rare perk for a savings account, especially considering Ally offers an above average 4.25% APY with daily compounding interest. There’s no minimum initial deposit required to become an account holder.
Finding a good savings account is easier said than done, but Ally’s Online Savings Account makes things much simpler.
