Opening a savings account helps you in several ways: it keeps your money safe, you earn interest on your money and it is a good way to keep you from spending too much of what you make each month. Saving for emergencies is another good reason to open a savings account. If you lose your job or your car needs repair, you can draw from your savings and not have to use a credit card.

When you’re shopping for a savings account, you will likely start by looking for the best interest rates. Online comparison sites like are a great place to start. But there are other things to look for, too. Be sure you understand all the terms and conditions of each account you consider. These include minimum balance requirements, withdrawal limits, fees, and so on.

With an Ally Bank Online Savings Account, you can open and fund with any amount and earn some of the most competitive interest rates in the country. We don't charge monthly maintenance fees and your deposits come with the security of being insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law.

Learn more at or call live, 24/7 customer support at 877-247-ALLY (2559) today.

View Savings Account Rates