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It’s not about finding a place for your money, it’s about finding the right place for your money.
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We offer some of the most competitive rates around, and with interest compounded daily, your money grows even faster. Now that’s banking in your best interest.
Spending
Annual Percentage Yield (APY)
0.1% correct as of 08/11/260.25% correct as of 08/11/26Use any Allpoint® or MoneyPass® ATM in the U.S. for free, plus reimbursements of up to $10 per statement cycle for fees charged at other ATMs nationwide
Rate is variable and may change after the account is opened
Fees may reduce earnings
No minimum opening deposit
Savings
Annual Percentage Yield (APY)
3% correct as of 08/11/26Limit of 10 withdrawals per statement cycle; About the transaction limit
Rate is variable and may change after the account is opened
Unlimited deposits
Fees may reduce earnings
No minimum opening deposit
High Yield CD
AVAILABLE TERMS
3.5% correct as of 08/11/26No minimum deposit to open or earn APY
Early withdrawal penalty will apply
APY is fixed for the term of the CD but subject to change upon renewal
Annual Percentage Yields (APYs) displayed are accurate as of .
For IRAs, an additional IRS tax may also apply; please consult your tax professional.
Spending
Annual Percentage Yield (APY)
0.1% correct as of 08/11/260.25% correct as of 08/11/26Use any Allpoint® or MoneyPass® ATM in the U.S. for free, plus reimbursements of up to $10 per statement cycle for fees charged at other ATMs nationwide
Rate is variable and may change after the account is opened
Fees may reduce earnings
No minimum opening deposit
Annual Percentage Yields (APYs) displayed are accurate as of .
Savings
Annual Percentage Yield (APY)
3% correct as of 08/11/26Limit of 10 withdrawals per statement cycle About the transaction limit
Rate is variable and may change after the account is opened
Unlimited deposits
Fees may reduce earnings
No minimum opening deposit
Annual Percentage Yields (APYs) displayed are accurate as of .
High Yield CD
AVAILABLE TERMS
3.5% correct as of 08/11/26No minimum deposit to open or earn APY
Early withdrawal penalty will apply
APY is fixed for the term of the CD but subject to change upon renewal
Raise Your Rate CD
AVAILABLE TERMS
3% correct as of 08/11/26No minimum deposit to open or earn APY
Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term, if our rate for your term and balance tier goes up
Early withdrawal penalty will apply
APY is fixed for the term of the CD but subject to change upon renewal
No Penalty CD
Annual Percentage Yield (APY)
2.7% correct as of 08/11/26
No minimum deposit to open or earn APY
You can withdraw all your money any time after the first six days following the date you funded the account, and keep the interest earned with no penalties
APY is fixed for the term of the CD but subject to change upon renewal
Annual Percentage Yields (APYs) displayed are accurate as of .
Money Market
Annual Percentage Yield (APY)
3% correct as of 08/11/26Unlimited deposits and ATM withdrawals, plus 10 withdrawals per statement cycle. About the transaction limit
Rate is variable and may change after the account is opened
Fees may reduce earnings
Interest compounded daily
No monthly maintenance fees or minimum opening deposit
Annual Percentage Yields (APYs) displayed are accurate as of .
IRA High Yield CD
AVAILABLE TERMS
2.7% correct as of 08/11/26Available as Roth, SEP or Traditional IRA
Your deposits are insured by the FDIC up to the maximum allowed by law
Early withdrawal penalty may apply
APY is fixed for the term of the CD but subject to change upon renewal
No minimum deposit to open or earn APY
IRA Raise Your Rate CD
AVAILABLE TERMS
3% correct as of 08/11/26Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term, if our rate for your term and balance tier goes up
Available as Roth, SEP or Traditional IRA
Your deposits are insured by the FDIC up to the maximum allowed by law
Early withdrawal penalty may apply
APY is fixed for the term of the CD but subject to change upon renewal
No minimum deposit to open or earn APY
IRA Savings
Annual Percentage Yield (APY)
3% correct as of 08/11/26Ten withdrawals limited per statement cycle; About the transaction limit
Available as Roth, SEP or Traditional IRA
Rate is variable and may change after the account is opened
Your deposits are insured by the FDIC up to the maximum allowed by law
Fees may reduce earnings
Annual Percentage Yields (APYs) displayed are accurate as of .
For IRAs, an additional IRS tax may also apply; please consult your tax professional.
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When you bank with us, don’t expect any monthly maintenance fees or minimum balance requirements for account opening.
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starting now.
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But we're pretty flattered.
The reviews are in.
People like it here. We think you will, too.
Average Rating
Most Helpful
Ally Bank is intuitive and gratifying, good rates and great service.
Over the past few years, I have tried my best to teach my children about the value of money. To them, everything from a cup of hot cocoa to a week’s stay at a hotel equals one credit card (specifically, mine) – the cost is hidden and the value is lost. I have them split their...
- Noteboom on 8/08/2016
Most Recent
Using Buckets
The "bucket" feature of Ally's Reserve Savings is a game changer!! I set up buckets for those bills that only happen quarterly, annually AND/OR a large purchase. Twice a month I transfer money into the various buckets that I have established. (i.e., insurance, real estate taxes, car...
- Intentional Planner on 7/27/2026
Highest Rating
Discipline and supporting features
It took us a long time to get a healthy 3-6 months of expenses saved up for emergencies. Then it took us a bit longer to stop using our emergency savings for non-emergencies. But we're finally there and a good portion of how we were able to finally get there was because of the savings...
- btw5 on 7/26/2026
FAQs
We have answers.
You can add cash to a Spending Account for free using our app. Here’s how it works:
Head over to a Walmart Money Center or customer service desk with your ID. Make sure to check the department hours at your local Walmart.
Log in to our app, go to Menu and select Add Cash to generate your unique barcode.
Show your barcode to the associate and hand over your cash. It should be in your account in minutes. If you add it after 9 pm ET, it should post by 3 am ET.
Keep in mind, we don’t accept cash by mail or at ATMs.
There are several ways to add money to your account:
1. Online transfers: You can transfer money from another Ally account or an account you have at another institution, right from our website or app. Select Transfers and then Bank Transfers, then choose + Link other accounts to link your accounts at other banks.
2. Ally eCheck Deposit℠: You can deposit a check in our app with your phone's camera. Make sure each check is properly endorsed with signatures of all payees. Also write For Mobile Deposit Only on the back.
3. Wire transfer: If you want to wire money from an account you have at another institution, log in and select Transfers, then choose Wires. Then select Receive a wire for more info on how you can wire from another financial institution into your Ally Bank account.
4. Mail your check: Make sure each check is properly endorsed with signatures of all payees and include a deposit slip if you have one. Also write your account number and **For Deposit Only **on the back. Be sure to seal the envelope properly and mail it to us at:Ally BankP.O. Box 13625Philadelphia, PA 19101-3625
5. Direct deposit: Log in to your account online at ally.com or on our app. Head over to our direct deposit setup page and set it up with your payment provider to automatically add money to your account every time you get paid.
6. Add cash to a Spending Account: Visit a Walmart Money Center or customer service desk and show the associate your unique barcode to add cash. To get your barcode, log in to our app, go to Menu and select Add Cash.
With Ally Mobile Banking, you can:
Make deposits
Pay your bills
Transfer money within your Ally accounts, or between your Ally and non-Ally accounts
Find nearby ATMs and cash back locations
View your balances and search transaction history
We have customer care associates across the country ready to help you whenever you need it. You can call or chat with us 24/7, or send a secure email right from your online banking account.
Still have questions? Visit our Help Center.