In order to understand how interest-bearing checking really works to your advantage, you need to understand the fees involved. Even fairly modest checking account fees can significantly offset your interest earnings, or wipe them out altogether. "Everyone needs to watch out for fees," explains Andrew J. Feldman, president and founder of A.J. Financial in Chicago. "If there is a $10 monthly fee, and you're getting 1 percent or less in interest, that fee could eat away at that interest rate starting in month number one."

An Ally Bank Interest Checking Account has no monthly maintenance fees and you can open, fund and earn interest with any amount. You get online and mobile banking services, a debit MasterCard®, standard checks, online Bill Pay and postage-paid deposit envelopes, all at no charge to you. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle. At Ally Bank, we are committed to making banking as simple, secure and rewarding as it can be. Learn more at or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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