If you want to open a savings account, choosing the bank with the best options is key. Sometimes that means choosing what some banks explicitly call a high yield savings account. Other times, a bank's high yield savings account choices don't fit your needs. You'll want to consider all the terms of any account you consider, including interest rates, minimum balance requirements, maintenance fees, customer service, and more.

As you research savings accounts, you’re likely to find that online banks like Ally Bank offer some of the most competitive interest rates in the country. Online banks don’t have the operating costs associated with maintaining physical branches, so they can pass that savings on to you in the form of great rates.

The fact is that, regardless of what other banks call a "high interest savings account" the Ally Bank Online Savings Account comes with a variable interest rate that is consistently among the most competitive in the country. You can open and fund your account with any amount, and we don’t charge monthly maintenance fees. Getting started is easy, and it's up to you how you decide to fund your account. You can make an online transfer, mail us a check, use a wire transfer or even scan and submit your deposit with our Ally eCheck Deposit℠ service.

So before you open a high interest savings account at another bank, check into what's available with us at Allybank.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.

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