(January) Ally Bank has been named the Best Online Bank of 2019 in GOBankingRates’ seventh annual rankings. Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005. Pros. Ally’s savings accounts come with 2.00% APY regardless of how much you have in your account. Ally Financial customers awoke to yet another dreaded email Wednesday: Interest rates on the online bank’s high-yield savings account have dropped for the second time in just over a month.. Ally Bank was chosen for its high annual percentage yield (APY), no monthly maintenance fees or minimum balance requirement and award-winning customer service. Here’s a review of Ally bank why they might be the best online bank for you. Best Online Banks. Since then, Ally Bank has established itself as one of the best online banks, with exceptional customer service, high annual percentage yields and low fees. Why it won: Customers earn interest on their accounts without maintaining a particular balance or paying monthly fees. Ally bank is a product of what used to be GMAC bank. Ally Bank is one of the best-known online banks, and it offers some of the best online banking products on the market. Ally Bank’s CDs are known for being flexible and have competitive rates. Ally Bank vs. Barclays Bank: Rates. Best Online Banks of 2020: Bank: Checking Fee: Savings APY: 12-Month CD APY: ATM Access: Ally Bank: $0: 1.25%: 1.25%: Use any Allpoint ATM in the U.S. for free; reimbursements of up to $10 per statement cycle for other ATM fees Sign in or enroll to access Ally Online for bank or invest products - accessible on desktop, tablet or mobile devices with your Username and Password. Ally Bank Review at a Glance .

Barclays’ rates are a bit higher, at 2.05% APY. For example, the Raise Your Rate CD gives you the chance to increase your rate once during your term if Ally’s rates go up, so you won’t miss out on earning more while your money is tied up. Because they serve as internet-based banks, both Ally and Barclays are able to offer some of the best rates available. No or low fees. BEST: Ally Bank. Ally Bank might be just online, but the benefits are clear. Advertisement. After winning the title of best online bank in the GOBankingRates Best Banks ranking for 2015, 2016, and 2017, Ally bank finds itself on top yet again for 2018. (January) Ally Bank was named Best Online Bank by Bankrate for 2019 for its high-yield savings accounts and CDs paying competitive rates and a free, interest-bearing checking account, in addition to credit cards, mortgage loans, auto loans and multiple investment options. Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company. You can easily do all of your banking, borrowing, and investing through Ally, no problem.

While some banks offer little or no interest for checking accounts, this is where Ally Bank comes into its own. If you find yourself as a high earner then depositing $15,000 will increase the interest amount to … Ally Bank, the company's direct banking subsidiary, offers an array of deposit, personal lending and mortgage products and services.

Quick History and Terms. In fact, GOBankingRates named Ally the Best Online Bank for the sixth year in a row in its Best Banks of 2020 rankings .

ALLY bank is offering some of the highest yield accounts available that are also backed by the FDIC. You’ll be hard-pressed to earn more elsewhere. Great interest rates. They also do not have a minimum account balance. The checking offers 0.10% for all balances. Ally Bank® (Member FDIC) - Awarded 'Top Online Bank' by MagnifyMoney & 'Best Online Bank of 2019' by Bankrate.