Generally, banks offer interest on savings and certificates of deposit (CDs) as an incentive for people to deposit money in the bank. And while it may seem unlikely that banks would offer you interest on checking accounts, where your balance can fluctuate daily, some banks actually do offer interest checking accounts.
The trick for you is to find a bank that pays interest on checking accounts in a way that meets your needs but doesn't have a long list of fees, requirements and restrictions that keep you from getting what you need out of the account.Online banks including Ally Bank generally offer more competitive interest rates than their traditional brick-and-mortar counterparts. Like other online banks, Ally Bank benefits from lower overhead costs, so we pass the savings on to our customers in the form of competitive interest rates and fewer fees.
With the Ally Bank Interest Checking Account, you earn interest on a balance of any size, there’s no minimum deposit to open, and our rates are among the most competitive available in the country according to Bankrate.com. Plus you pay no monthly maintenance fees, get a free debit MasterCard® and free standard checks.
Learn more by visiting Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.
Ally Bank, Member FDIC