See RatesSecure site · Updated July 2026
- Savings APY
- 4.20% APY
- Monthly fee
- $0
- Min. deposit
- $0
- Sign-up bonus
- None
Why it stands out
Ally Bank highlights
- No monthly maintenance fee and no minimum balance
- Savings buckets split one account into up to 30 goals
- Surprise Savings round-ups move spare change automatically
- 24/7 US-based phone support with short wait times
The verdict at a glance
Pros and cons
Pros
- Full-service bank: savings, checking, CDs, and more under one login
- Highly rated mobile app with strong budgeting tools
- Reimburses up to $10/month in out-of-network ATM fees
Cons
- No physical branches for in-person help
- No cash deposits, so paycheck cash needs a workaround
Our full review
Our take on Ally Bank
Ally pairs a competitive savings rate with no monthly fees and a checking account, so you can run your whole banking life in one place. Its buckets and round-up tools make saving toward goals feel automatic.
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Figures shown are illustrative editorial examples and may change. Confirm current rates, fees, and terms on Ally Bank’s own site before you apply.
The alternatives
How Ally Bank compares
Other top-rated banks in Online Banking. Compare the numbers side by side before you decide.
| # | Provider | Rating | Savings APY | Best for | |
|---|---|---|---|---|---|
| 1 | Marcus by Goldman Sachs | 4.40% APY | Rate chasers who want a simple account | See Rates | |
| 2 | SoFi | 3.80% APY | Direct-deposit users chasing a bonus | View Offer | |
| 3 | Discover Bank | 3.90% APY | Savers who value zero fees and service | See Rates | |
| 4 | Capital One 360 | 3.60% APY | People who still want a branch nearby | See Rates |
- Marcus by Goldman Sachs4.8Best for Rate chasers who want a simple account
- SoFi4.7Best for Direct-deposit users chasing a bonus
- Discover Bank4.6Best for Savers who value zero fees and service
- Capital One 3604.4Best for People who still want a branch nearby