Online banking is an important tool for those who want to manage their finances easily and efficiently—perhaps that's why so many traditional banks offer the service to customers. But with the prevalence of online savings accounts available today from banks like Ally Bank, online banking is no longer just a tool to check your balance or pay your bills. The fact is, online banks tend have lower overhead costs compared to traditional banks so they can pass these savings on to you in the form of competitive interest rates.

The Ally Bank Online Savings Account, for example, pays a competitive rate—even among similar online savings accounts from other online banks—and also compounds interest daily for maximum earnings. You can open and fund the account in a matter of minutes, with any amount, and you don’t have to worry about monthly maintenance fees eating away at your balance.

While most every bank offers you some form of online access to manage your account, many bank websites are lean on useful functionality and, in short, aren’t user-friendly. At Ally Bank, we're committed to making your online experience convenient, easy and secure; it’s just what you’d expect from an online bank.

Learn more about all our savings options at or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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