at Ally Bank,

Member, FDIC

Pros

No monthly maintenance fees or minimum balances
Access to over 43,000 free ATMs
1.85% APY on savings, among the best you'll find

Cons

No way to deposit cash
For its savings account, Ally charges $10 for every outbound transfer after the sixth one

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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

Overall

4.5

An online-only bank, Ally Bank has become popular among people seeking strong rates and robust customer service. Because it doesn’t have to put money into physical branches, Ally is able to offer better rates and fees than brick-and-mortar institutions and can invest more in its products.

 

Ratings methodology | Updated Nov. 29, 2017

Checking

4.5

Ally offers an interest-bearing checking account with good rates, low fees and free access to over 43,000 ATMs nationwide. Ally will also reimburse you up to $10 per statement cycle for any fees you’re charged using an out-of-network ATM in the U.S. Although there is only one checking account to choose from, its rates are competitive, starting at 0.10% APY.

 

Note that Ally doesn't accept cash deposits. Your options include mobile check deposit, setting up direct deposit, setting up a wire transfer or sending a check by mail.

Online Savings Account
APY
1.85%
Min. balance for APY
$1

at Ally Bank,

Member, FDIC

High Yield CD
APY
3.00%
Min. balance for APY
$25,000
Length of term
5 years

at Ally Bank,

Member, FDIC

Interest Checking Account
APY
0.10%
Monthly fee
$0
Balance to waive monthly fee
$0

at Ally Bank,

Member, FDIC

How does Ally Bank compare?

Ally Bank

Online Savings Account

cheatgame.info Rating

at Ally Bank,

Member, FDIC

APY

1.85%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Live help 24/7

Goldman Sachs Bank USA

Online Savings

cheatgame.info Rating

at Goldman Sachs Bank USA,

Member, FDIC

APY

1.90%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Synchrony Bank

High Yield Savings Account

cheatgame.info Rating

at Synchrony Bank,

Member, FDIC

APY

1.85%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

Not for you? Read more bank reviews
cheatgame.info reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with cheatgame.info. Banks, issuers and credit card companies are not responsible for any content posted on the cheatgame.info site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Fair
Rates
Poor
Fees
High
36,000 mile lease is a thing of the past
Turned my car in almost 2 weeks early. My account with ally was closed the very next day by ally. Making it impossible for me to pay anything to ally on line. Next was the local taxes they tacked on for my over mileage. Was hoping for a recall on the stock tires that came on my 2015 200s. They sucked for winter driving. Even when the tire was new. Bought the car in October. Never leasing again.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Worst experience ever.
Two weeks after opening my account I still don't have my debit card. I made the mistake of depositing my funds into this account and then I spent two weeks without access to my funds. When my card didn't come after the 5-7 days they said, they kept saying it would come the next day. I never saw my card. Also, when frustrated, I asked if they could wire the funds to my original account and the would not waive the $20 fee regardless that I said I would cancel otherwise. Then, they charge me that fee and assure me it would reach my other account on the same day, and sure enough, at the end of the day I call and they said sorry, it would be the next day. This bank is filled with liars and I will never bank here. I am moving my funds as we speak and will be closing this account and moving back to my original bank as soon as physically possible. If I could be Thanos, I would happily make this company disappear.
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