Online Savings Account

Features

Make your savings work for you

Want to know more? Download our Straight Talk Product Guide

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.

Simple transfers. What's not to love?

It's fast, easy and safe for you to move money with Ally Bank.

  • Move funds between your Ally Bank accounts
  • Transfer funds between your Ally Bank and non-Ally Bank accounts
  • Schedule transfers up to a year in advance

Rates

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 05/26/2016. 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 mybanktracker.com and are accurate as of 05/20/2016. The APYs in this table are for the state of California.

      Fees

      No hidden fees

      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)
      $25.00
      $10.00 per transaction
      Expedited delivery
      $15.00
      Outgoing wires (domestic only)
      $20.00
      $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.

      24/7
      Live customer care
      always available

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

      Customer Reviews

      Don't just take our word for it

      Average rating 4.6

      Most Recent

      Most Helpful

      FAQs

      We have answers

      • Can I deposit cash?

        No. We don't accept cash deposits. However, there are several ways you can make a deposit into your account.

        • Remote check deposit with Ally eCheck Deposit℠
        • Online transfers and direct deposit
        • Wire transfers and mail
      • How do I add money to my account?

        There are several ways you can add money to your account:

        • Transfer funds between your Ally Bank accounts
        • Transfer funds between your Ally Bank and non-Ally Bank accounts
        • Remotely deposit checks with Ally eCheck Deposit℠
        • Set up direct deposit (PDF)
        • Send a wire transfer (PDF)
        • Mail checks to:

        • Ally Bank
          P.O. Box 13625
          Philadelphia, PA 19101-3625

          Make sure checks are properly endorsed on the back with "For Deposit Only" and the signatures of all payees. Please don't send cash.
      • How do I make a withdrawal from my Online Savings Account?

        You can withdraw money in 4 ways:

        • Online funds transfer
        • Outgoing wire transfer
        • Telephone transfer
        • Check request

        You should know that there are a few guidelines to these transactions:

        You can always call us and request a check made out to you. You can also make unlimited deposits. But, Federal law limits other electronic, telephone and check transactions to a total of 6 per statement cycle. These limited transactions can be to other accounts or to a third party. If you go over the limit we charge $10 per transaction.

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

        You can make six withdrawals and transfers per statement cycle from your Online Savings Account. The limit is set by federal law for electronic and telephone transactions from all U.S. savings and money market accounts. Please remember, you will be charged a $10 fee for each transaction that exceeds this limit.

      • What’s the difference between an Online Savings Account and Money Market Account?

        The main difference is in how you access your money. A money market account gives you more access because you can be issued a debit card and checks for these accounts. An online savings account does not support the use of checks and does not come with a debit card.

        It's important to note that there are Federal limits on transactions from U.S. savings and money market accounts.

        You can always call us and request a check made out to you. You can also make unlimited deposits and ATM withdrawals. But, Federal law limits other electronic, telephone and check transactions to a total of 6 per statement cycle. These limited transactions can be to other accounts or to a third party. If you go over the limit we charge $10 per transaction.

      Still have questions? Visit our Help Center.