IRA Online Savings Account


Smart savings for your retirement

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Managing your account is easy

Get the service you need, when you need it. Talk to a real person 24/7, and enjoy the convenience of Online Banking and Mobile Banking.

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Great rates

Earn a higher rate than traditional IRA savings accounts.


Get more for your money

We offer rates that are consistently competitive.

See how we compare

    Estimate your earnings

    Daily Balance
    Annual Percentage Yield APY
    Estimated Earnings
    for 12 months

      What we're showing you

      Our Annual Percentage Yield (APY) is accurate as of 09/25/2016. Keep in mind, this rate is variable and may change after the account is opened. Fees may reduce earnings.

      The APYs for other banks are provided by and are accurate as of 09/23/2016. The APYs in this table are for the state of California.

      The IRS may tax withdrawals; please consult your tax professional.


      No surprises

      The most common services and transactions are free with Ally Bank.

      • Monthly maintenance fees $0
      • ACH transfers to your non-Ally Bank account $0
      • Statement copies online $0
      • Incoming wires (domestic & international) $0

      The following services and transactions are available for a fee:

      Overdraft item paid or overdraft item returned (maximum 1 fee per day)
      Excessive transaction(s) fee
      $10.00 per transaction
      Expedited delivery
      Outgoing wires (domestic only)
      $25.00 per hour

      Ally Bank

      It’s good to be different

      We're an online bank, which means we don't have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.

      With Ally Bank, you get everything you expect from a traditional bank and more:

      • Peace of mind. No hidden fees. No maintenance fees. No minimum balance required
      • Make deposits. Deposit checks with Ally eCheck Deposit℠ or ACH transfers
      • Keep track. Access your account anytime, anywhere with online and mobile banking

      Learn more about the benefits and conveniences of Ally Bank.

      Live customer care
      always available

      5 Years
      "Best Online Bank" 5 years in a row
      MONEY® Magazine 2011-2015


      We have answers

      • How do I make a withdrawal from my IRA Online Savings Account?

        Because the online savings account is part of your IRA with Ally, you will need to request a distribution. To do this, you can either log in to online banking and complete the distribution request, call us at 877-247-2559 24/7, or complete and mail in the Distribution Form. Please remember that federal law limits the number of withdrawals and transfers from all U.S. savings and money market accounts to 6 per statement cycle. Unfortunately, you will be charged $10 for each transaction that exceeds this limit. If you exceed this limit on more than an occasional basis, we may be required to close your IRA Online Savings account.

      • How many withdrawals can I make from my IRA Online Savings Account each month?

        You can make up to 6 withdrawals and transfers per month.

        The limit is set by federal law for most electronic/ telephone/ check transactions from all U.S. savings and money market accounts. Please remember, you will be charged a $10 fee for each transaction after 6. If you exceed the transaction too many times, we may close your IRA Online Savings Account.

        Please consult your tax professional for details on IRA distributions or withdrawals.

      Still have questions? Visit our Help Center.