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Ally Bank is another great online-only bank, and offers nationwide online Checking, Savings, Money Market, CD and IRA accounts that earn market leading rates.
Ally Bank is an internet-only bank based in Utah and offers a wide variety of deposit accounts, as well as auto financing services.
Their online banking platform features Ally eCheck Deposit, which offers a simple way to deposit checks with your smartphone, computer scanner or free postage-paid envelopes. You can transfer between Ally accounts or between Ally and non-Ally accounts for free.
Because they operate solely online, there are no Ally Bank branches to visit, but this allows for higher rates than with traditional banks. Like most top online banks, they offer free ATM fee reimbursements for all of their accounts.
Ally Invest $200 Cash Bonus
With this promotion from Ally Invest, you can choose from either a $200 cash bonus offer or 90 days of free trades. If you’re transferring over from another brokerage, you can apply for a Transfer Fee Credit of up to $150 also.
- Choose from a $200 cash bonus or 90 days of commission-free trades
- $200 cash bonus:
- This offer is valid for one new individual or joint account, funded with at least $25,000 within 15 days of account opening, and that executes at least 3 trades within 90 days of account funding.
- New accounts are eligible for this special offer when opening a new Ally Invest account and funding with a minimum of $25,000 within 15 days with funds from outside Ally Invest Securities, LLC.
- The minimum funds of $25,000 must remain in the account (minus any trading losses) for a minimum of 90 days from date of funding account.
- You must apply for this promotional offer by clicking through the offer page to their online application and opening an account.
- New accounts receive cash credit within 10 business days of meeting promotion requirements.
- Bonus is not available for withdrawal for 120 days after it is awarded to your account.
- Commission-Free Trades:
- This offer is valid for one new individual or joint account opened and funded with at least $10,000 within 15 days of account opening.
- The minimum funds of $10,000 must remain in the account (minus any trading losses) for a minimum of 90 days from date of funding account or Ally Invest may charge the account for the cost of the trades credited to the account.
- New accounts receive $500 in commission credit for equity, ETF and option trades executed within 90 days of funding the new account.
- Commission credit includes the per contract commission.
- The commission credit takes up to 2 business days from the funding date to be applied.
- Unused trades expire at the end of 90 days from the funding date of the new account.
- You will not receive cash compensation for any unused free trade commissions.
- Mutual fund, bonds, exercise and assignment fees still apply.
- New accounts are eligible for this special offer when opening a new Ally Invest account and funding with a minimum of $10,000 within 15 days with funds from outside Ally Invest Securities, LLC.
- You must apply for this promotional offer by clicking through the offer page to their online application and opening an account.
*See all Ally Invest promotions here
MoneysMyLife Top Offer Picks  Earn a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit. Also earn a $150 bonus when you open a new Chase SavingsSM account, deposit a total of $10,000 or more in new money within 10 days & maintain a $10,000 balance for 90 days. Apply for both offers and get a $350 total bonus. Full Review Get $300 when you open a new Chase Premier Plus CheckingSM account and set up direct deposit. This account has more features than the Chase Total Checking® and the monthly service fee can be waived with a few different requirement options. A $300 Checking bonus is one of the best offers from Chase Bank. Full Review Earn $200 when you open a new Chase Total Business Checking® account, deposit $1,000 in new money within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days. This is the most popular Business Checking offer.Full Review |
Apply online for a new TD Bank Checking account to earn either a $300 bonus for the TD Premier Checking account ( $2,500 in direct deposits required), or a $150 bonus for the TD Convenience Checking account ($500 in direct deposits required). This is a limited time offer. 
Earn up to 25,000 bonus miles worth $250 in travel every year with the Barclays Arrival® Premier World Elite Mastercard®. Without an initial sign-up bonus, this credit card is intended for high spenders looking for a card to carry for the long-term. The card will earn unlimited miles at the rate of 2 miles per $1 spent on all purchases regardless of category. 
The HSBC Cash Rewards Mastercard® has a sign-up bonus of $150 when you spend at least $500 on purchases within the first 3 months of account opening. This credit card will also earn an ongoing 1.5% cash rewards rate on all purchases and has no foreign transaction fees. There is no annual fee with this card. 
CIT Bank is offering a 1.75% APY rate with their Money Market Account for all balances. This account is available online nationwide and consistently offers one of the best rates in the nation. The minimum opening deposit is $100 and there are no fees for opening or maintaining the account. 
Ally Invest has a promotion where you can earn either 90 days of commission-free trades or a $200 cash bonus. The $200 bonus will require a deposit of at least $25,000 within 15 days of account opening and the execution of 3 trades within 90 days. The free trades offer will require a $10,000 minimum deposit. 
Simple Bank has an offer where you can earn a $20 bonus after opening their free online Checking account that's available nationwide. You'll then be able to earn unlimited $20 referral bonuses. Direct deposit isn't a requirement and all you and your referrals need to do is open a new account and use the Simple Visa debit card to make a first purchase. Ally Bank Interest Checking Account
Ally’s Interest checking account offers a competitive compounding interest rate for balances of $15,000 and up. You’ll get a free MasterCard debit card, free, checks, unlimited check writing, and free ATM reimbursements from any ATM nationwide. Plus there are no minimum opening deposits and no monthly maintenance fees to worry about. This account makes it onto our list of the best free Checking accounts.
Interest Checking Features
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| *Current Interest Rate is 0.60% APY with a $15,000 minimum daily balance and 0.10% APY if you have a daily balance less than $15,000. | |
Compare To These Checking Accounts:
Below are a variety of online Checking accounts to compare with Ally Bank before making a decision. You can also find all the latest bank promotions here.
- Chase Coupon Promo Codes: $200, $300, $350, $500 (April 2018)
- Best Free Business Checking Accounts Review April 2018
- Charles Schwab Brokerage Promotions, Bonuses And Offers
- 10 Best Free Checking Accounts Review April 2018
- EverBank Review: Checking, Money Market, CD Promotions And Bonuses
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Capital One 360 Review: $100 To $1,000 In Bonuses & Promotions
- Chime Online/Mobile Banking Review: Checking & Savings
- Simple Bank Review & Bonus Offer: Unlimited $20 Referrals
- Capital One Spark Business Checking Account Review
- Bank5 Connect Checking/Savings/CDs Review & Promotions
- Bank Of Internet Checking, Savings, CD Bonuses: $50 Checking Promotion
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- Consumers CU Free Checking Account Earns 4.59% APY!
Ally Bank Online Savings Account
Ally Bank’s Online Savings account typically offers one of the best interest rates in the country for savings accounts. There are no monthly maintenance fees and no minimum opening deposit requirements. Like all Savings accounts, you’ll get up to 6 withdrawals per month without a fee ($10 for each outbound transfer after 6, which excludes checks).
Online Savings Features
- Clients can deposit checks remotely via Ally eCheck Deposit
- Interest compounds daily (great for accounts with large balances)
- Deposits are insured by the FDIC
- Allows transfers between other Ally Bank accounts and external accounts
- Transfers can be scheduled a year in advance
- Six transactions per statement cycle as required by federal law. Clients that make more than six transactions incur a $10 fee per additional occurrence.
Another thing to consider is Ally Bank’s overdraft fees. Customers are charged $25 for overdrafts but have the option to use Ally’s overdraft transfer service for free. This service transfers funds from one Ally Bank account into another Ally Bank account when your balance becomes too low to handle a transaction. This protects your account from going into the negative but will cost you around $10 each time.
Ally’s APY Vs. Traditional Banks
With an APY of 1.45% on all balance tiers, Ally Bank offers a higher rate than several of it’s competitors, giving clients the opportunity to gain more interest on their balances. The higher your balance, the more you are likely to gain in interest.
Free Services And Transactions Include
- Online Statements
- Unlimited deposits
- Cashier’s Checks
- International and Domestic Wires (incoming)
- ACH transfers to external bank account
- Deposit envelopes (postage-paid)
You can manage your accounts online on your desktop and mobile devices. Should you find an unauthorized transaction, Ally won’t hold you liable as long as you report the incident within 60 days of when your statement comes out.
*Use our Savings/Money Market Rates Guide to find the best rates currently
Compare To These Top Savings Accounts:
We’d recommend looking at the Salem Five Direct eSavings and CIT Bank Savings accounts as well for good rates and bonuses. Chase Bank’s Savings account doesn’t have a good rate, but the sign-up bonus is great. You can find the latest Savings Account bonuses here.
- Marcus By Goldman Sachs Online Savings & CD Offers, Promotions
- Colorado Federal Savings Bank Savings And CD Account Promotions
- CIT Bank Promotions: Online Money Market Account Earns 1.75% APY
- Salem Five Bank Checking, Savings, CD Promotions
- Chase Coupon Promo Codes: $200, $300, $350, $500 (April 2018)
- Synchrony Bank Online Savings, CD, Money Market Promotions
- Popular Direct Online Savings And CD Account Promotions
- Live Oak Bank Online Savings And CD Offers, Promotions
- Incredible Bank Online Savings And CD Accounts Promotions, Offers
- DollarSavingsDirect Online Savings & CD Account Promotions, Offers
- Barclays Bank Review: Savings And CD Account Offers, Promotions
- UFB Direct Online Savings/Money Market Offers: 1.60% APY
- SFGI Direct Online Savings Account Promotion: 1.51% APY
- ableBanking Money Market Savings & CD Promotions
- Ally Bank Online Checking, Savings, CD, Investing Promotions
Ally Bank Online Money Market Account
Ally Bank’s Money Market account is similar to the Online Savings account. You’ll have extra features like a debit card, free checks, and ATM fee reimbursements. Rates are good and there’s no minimum deposit or monthly balance requirements.
Money Market Features
- No monthly maintenance fees
- Unlimited deposits and ATM withdrawals, and up to 6 additional transactions
- Earn a higher rate than most money market accounts
- Deposit checks remotely with Ally eCheck Deposit
- Grow your money faster with interest compounded daily
- Your deposits are insured by the FDIC up to the maximum allowed by law
Rates
| Balance | APY Rate |
| $0 To $4,999 | 0.90% |
| $5,000 to $24,999 | 0.90% |
| $25,000+ | 1.00% |
Compare To These Top Money Market Accounts:
Take a look at the Money Market accounts from EverBank and BBVA Compass bank before deciding. The banks below offer some of the best Money Market rates:
- CIT Bank Promotions: Online Money Market Account Earns 1.75% APY
- EBSB Direct Online Savings, Money Market, CD Promotions
- MYSB Direct (M.Y. Safra Bank) Online CD Rate Offers, Promotions
- EverBank Review: Checking, Money Market, CD Promotions And Bonuses
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Sallie Mae Banking: Money Market, Savings, CDs Promotions
- Capital One 360 Review: $100 To $1,000 In Bonuses & Promotions
- My Banking Direct Review: $150 Checking Account Bonus
- Northern Bank Direct Online Money Market & CD Account Offers, Promotions
- State Bank Of Texas Savings, Money Market, CD Account Promotions
- First Internet Bank Review: Checking, Savings, CD Promotions
- ableBanking Money Market Savings & CD Promotions
Ally Bank Online CD Accounts
CDs and IRA CDs are also available and come in term lengths from 3 months to 5 years. They have a few different CD options, including the High Yield CD, Raise Your Rate CD, and No Penalty CD.
Compare Ally Bank’s CD Options
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| CD Term | Minimum Opening Deposit | APY |
| 5 Year CD | Up to $4,999.99 | 2.25% |
| $5,000 – $24,999.99 | 2.40% | |
| $25,000+ | 2.50% | |
| 3 Year CD | Up to $4,999.99 | 1.85% |
| $5,000 – $24,999.99 | 2.00% | |
| $25,000+ | 2.10% | |
| 18 Month CD | Up to $4,999.99 | 1.80% |
| $5,000 – $24,999.99 | 1.95% | |
| $25,000+ | 2.05% | |
| 12 Month CD | Up to $4,999.99 | 1.75% |
| $5,000 – $24,999.99 | 1.85% | |
| $25,000+ | 2.00% | |
| 9 Month CD | Up to $4,999.99 | 1.55% |
| $5,000 – $24,999.99 | 1.65% | |
| $25,000+ | 1.80% | |
| 6 Month CD | Up to $4,999.99 | 1.50% |
| $5,000 – $24,999.99 | 1.60% | |
| $25,000+ | 1.75% | |
| 3 Month CD | Up to $4,999.99 | 1.00% |
| $5,000 – $24,999.99 | 1.25% | |
| $25,000+ | 1.50% | |
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| CD Term | APY |
| 2 Year CD | 2.00% |
| 4 Year CD | 2.00% |
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| CD Term | Minimum Opening Deposit | APY |
| 11 Month CD | Up to $4,999.99 | 1.15% |
| 11 Month CD | $5,000 – $24,999.99 | 1.25% |
| 11 Month CD | $25,000+ | 1.50% |
Compare To These Top CD Accounts:
Read my Best CD Rates guide before deciding, but also take a look a Synchrony CDs, EverBank CDs, and BBVA Compass CDs for some good rates. The banks below have the best CD rates at the moment.
- CIT Bank Promotions: Online Money Market Account Earns 1.75% APY
- Salem Five Bank Checking, Savings, CD Promotions
- Synchrony Bank Online Savings, CD, Money Market Promotions
- EverBank Review: Checking, Money Market, CD Promotions And Bonuses
- Popular Direct Online Savings And CD Account Promotions
- Virtual Bank Checking, Money Market, CD Promotions & Offers
- Live Oak Bank Online Savings And CD Offers, Promotions
- Barclays Bank Review: Savings And CD Account Offers, Promotions
- Crestmark Bank Online CD Account Promotions Available Nationwide
- Ally Bank Online Checking, Savings, CD, Investing Promotions
You may also like these bank bonuses:
Get all updated bank sign-up offers here.
- CIT Bank Promotions: Online Money Market Account Earns 1.75% APY
- TD Bank Bonus For Checking Accounts: $150 To $300 Cash
- Chase Bank Business Checking Promotion: $200 Sign-Up Cash Bonus
- Santander Bank Promotions: $150 Personal & $500 Business Checking Bonuses
- Chase Total Checking Account $200 Coupon Available Online Now
- Chase Premier Plus Checking℠ Review: $300 Coupon Bonus
- Chase Coupon Promo Codes: $200, $300, $350, $500 (April 2018)
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Fifth Third Bank Promotions: $200 Checking Account Bonus
- PNC Bank Promotions: $50 To $300 Checking, Savings, Business Bonuses
- Regions Bank Promotions: $200 Checking Account Bonus
- KeyBank Promotions: $100, $200, $300, $400 Checking Bonuses
- Bank Of America $300 Personal Checking & $2500 Business Checking Bonuses
- Simple Bank Review & Bonus Offer: Unlimited $20 Referrals
- SunTrust Bank Review: $500 Personal & $200 Business Checking Bonuses
*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.