Get a $750 Welcome Deposit for eligible new customers who open an 
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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 $3,500 Cash & Free Trades Offer
Updated offer for up to $3,500 cash in bonuses
With this updated promotion from Ally Invest, you can earn anywhere from a $50 to $3500 cash bonus, as well as $500 in free trades for 90 days. If you’re transferring over from another brokerage, you can apply for a Transfer Fee Credit of up to $150 also.
- Cash Bonus:
- Funding – Accounts must be opened by the expiration date and funded within 60 days of account opening.
- The qualifying deposit to open the new account must be from outside Ally Invest.
- The new account must be funded with a minimum qualifying deposit of $10,000 or more to receive the Minimum Cash Bonus and Commission-Free Trades for up to 90 days Bonus.
- The minimum qualifying funds to receive bonus offer must remain in the account (minus any trading losses) for a minimum of 90 days from the date of funding.
- Accounts will receive the specified credit, depending on the initial deposit amount, deposited into the account within ten (10) days of meeting the qualifying requirements.
- Once the account is credited, the bonus and initial qualifying deposit is not available for withdrawal for 300 days after the requirements have been met.
- If the qualifying deposit(s) are removed the bonus payout may be revoked.
- See the table below for the deposit required for each bonus amount.
| Bonus Amount | Deposit or Transfer Amount |
| $3,500 and free trades | $2MM+ |
| $2,500 and free trades | $1MM – $1.99MM |
| $1,200 and free trades | $500k – $999.9k |
| $600 and free trades | $250k – $499.9k |
| $300 and free trades | $100k – $249.9k |
| $200 and free trades | $25k – $99.9k |
| $50 and free trades | $10k – $24.9k |
- Commission-Free Trades for up to 90 Days Bonus:
- The qualifying deposit of $10,000 or more must be received and 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 applies to 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.
- $150 Transfer Fee Credit:
- Must complete a first-time ACATS account transfer of $2,500 or more to receive a Transfer Fee Credit of up $150 to cover the outgoing transfer fee from your current brokerage firm.
- ACAT forms must be received within 15 days of opening new account.
- Credit will be deposited to your account within 30 days of receipt of evidence of charge.
- This transfer reimbursement offer does not apply to Termination Fees or Maintenance Fees.
- Not valid for any retirement or ERISA qualified accounts.
- Offer is not transferable.
- Open to US residents only.
- Excludes current Ally Invest Securities, LLC account holders.
- Excludes former Ally Invest Securities, LLC (formerly TradeKing Securities LLC) account holders who have closed their accounts within the past 90 days.
*See all Ally Invest promotions here
MoneysMyLife Top Offer Picks  With 16,000 ATMs and 5,100 branches throughout the United States, Chase Bank is second only to Wells Fargo with regards to the total number of branches. This makes the bonus offers from Chase extremely popular, and they always have several promotions to choose from. Full Review.
 Get a $750 Welcome Deposit for eligible new customers who open an HSBC Premier checking account with qualifying activities. Limited time only.Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance checking account with qualifying activities. Limited time only. Member FDIC. 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. Full Review  Earn 75,000 miles each year (worth $750) if you spend $25,000 on purchases with the Barclays Arrival® Premier World Elite Mastercard®. 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. See Terms. Full Review |
CIT Bank is offering a 1.85% 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 is one of the nation's top choices for a low-cost stock broker, and they now have a promotion where you can earn a cash bonus of $50 to $3500, as well as $500 in commission-free trades. Your cash bonus value will depend on your deposit amount made within 60 days of account opening. 
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. | |
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 Bank’s Finn Checking & Savings Account $100 Bonus Offer
- Chase Coupon Promo Codes: $200, $300, $350, $500 – June 2018
- Capital One 360 Promotions: $100, $500, $600, Up To $1,000 In Bonuses
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- 10 Best Free Checking Accounts Review June 2018
- Best Free Business Checking Accounts Review June 2018
- Capital One Spark Business Checking Account Review & Bonuses
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- Chime Online/Mobile Banking Review: Checking & Savings
- Bank5 Connect Review: Checking, Savings, CD Promotions & Offers
- Bank Of Internet Checking, Savings, CD Bonuses: $50 Checking Promotion
- Simple Bank Review & Bonus Offer: Unlimited $20 Referrals
- Charles Schwab Brokerage Promotions, Bonuses And Offers
- 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 1.60% 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
I recommend looking at the Money Market and Savings rates offered by CIT Bank and HSBC Direct as a comparison point. 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.
- HSBC Bank $350 & $750 Checking Account Bonuses
- CIT Bank Promotions: Online Money Market Account 1.85% APY Offer
- DollarSavingsDirect Online Savings & CD Account Promotions, Offers
- Chase Coupon Promo Codes: $200, $300, $350, $500 – June 2018
- Synchrony Bank Online Savings, CD, Money Market Promotions
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- Barclays Bank Promotions: Savings And CD Account Offers, Bonuses
- Popular Direct Online Savings And CD Account Promotions
- Marcus By Goldman Sachs Online Savings & CD Offers, Promotions
- Salem Five Bank Checking, Savings, CD 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% |
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 | 2.40% |
| $5,000 – $24,999.99 | 2.50% | |
| $25,000+ | 2.60% | |
| 3 Year CD | Up to $4,999.99 | 2.40% |
| $5,000 – $24,999.99 | 2.45% | |
| $25,000+ | 2.50% | |
| 18 Month CD | Up to $4,999.99 | 2.15% |
| $5,000 – $24,999.99 | 2.20% | |
| $25,000+ | 2.30% | |
| 12 Month CD | Up to $4,999.99 | 2.10% |
| $5,000 – $24,999.99 | 2.15% | |
| $25,000+ | 2.25% | |
| 9 Month CD | Up to $4,999.99 | 1.65% |
| $5,000 – $24,999.99 | 1.75% | |
| $25,000+ | 2.00% | |
| 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 | 2.35% |
| 4 Year CD | 2.35% |
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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 | 1.50% |
| 11 Month CD | $25,000+ | 1.50% |
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 1.85% APY Offer
- Synchrony Bank Online Savings, CD, Money Market Promotions
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- Barclays Bank Promotions: Savings And CD Account Offers, 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
- Salem Five Bank Checking, Savings, CD Promotions
- Crestmark Bank Online CD Account Promotions Available Nationwide
Get all updated bank sign-up offers here.
- HSBC Bank $350 & $750 Checking Account Bonuses
- CIT Bank Promotions: Online Money Market Account 1.85% APY Offer
- TD Bank Promotions: $300 & $150 Checking Account Bonuses
- Chase Coupon Promo Codes: $200, $300, $350, $500 – June 2018
- BBVA Compass Bank Promotions: $150, $200, $250 Checking/Savings Bonuses
- Chase Premier Plus Checking℠ Bonus: $300 Coupon Offer
- Chase Total Checking Account Bonus: $200 Coupon Available Online
- Chase Bank Business Checking Promotion: $200 Sign-Up Cash Bonus
- Regions Bank Promotions: $200 Checking Account Bonus
- Simple Bank Review & Bonus Offer: Unlimited $20 Referrals
*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.