Neither bank charges excessive fees — no account maintenance fees or minimum balance fees, for example. For this premium plan, you will need a minimum balance of $100,000. One of Ally Bank checking account's main strengths is the high-interest rate offered to customers. The bank started out in 1919 as GMAC, General Motors’ finance division. No balance requirements – None of Ally’s bank accounts have minimum balance requirements. best. No debit card or ATM access. You’re Looking for Lucrative Savings Options. Not impressed by it at all and thinking of moving to Ally. You get free checks and a free debit card after you make an initial deposit. Compare the online banks to see which could be best for your money. The Betterment robo-advisor is their original claim to fame. APY 1. level 1. Check out its latest awards here. Annual Percentage Yield (APY) accurate as of 01/19/2021. Interest Rate. 6 years ago. In addition to requiring no minimum account balances, Ally also has zero monthly maintenance fees. 0.00% 0.10%. Ally Bank Online Savings Account is a convenient, on-the-go banking option. Ally Bank’s Key Features and Services. New comments cannot be posted and votes cannot be cast. save. 19 comments. No minimum balance. Unlike the Ally Bank savings rate, which is applied to all tiers of deposits in an Ally savings account, Chase Bank has different interest rates for different Chase Plus savings account balances. The Ally Online Savings Account has no minimum balance, no monthly fees, and currently pays 1.45% APY (as of 4/2/18). 0.03%. $0. 70% Upvoted. There is no minimum balance or opening deposit. No monthly maintenance fees. Minimum Balance to Earn APY. Ally pays a 0.10% APY for account balances under $15,000, and 0.25% for balances over $15,000. Minimum Deposit. Better yet, Ally’s online saving account compounds interest daily, so you end up getting a better bang for your buck. They don't have any brick and mortar costs since they're an online bank. Schwab. Want to Review More? As noted above, Synchrony doesn’t offer a checking account. There are no monthly fees. $0. Checking accounts that hold over $15k will be paid 0.6% APY. 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. But you’re looking for a convenient, one-stop-shop for all your online banking needs, then Ally is an excellent choice for you to consider. hide. ATMs. This account has no minimum balance requirement and provides you with unrestricted access to your money. Never worry about maintaining a minimum monthly balance. Ally Bank waives ATM fees at Allpoint ATMs nationwide too. $0. TD Bank is located on the East Coast with 1,300 locations offering low minimum balance requirements as well as extending banking hours with a 24/7 customer service by phone. Ally Bank does not charge account maintenance fees and no minimum balance is required to open. Ally Bank Online Savings Account Account Minimums; Description; APY Minimum Balance: $1: Minimum Initial Deposit: $0: Minimum Combined Balance to Avoid Monthly Fee: $0: Minimum Required Balance: N/A: Minimum Account Transfer to Avoid Monthly Fee : N/A: Minimum Direct Deposit to Avoid Monthly Fee: $0: Minimum Balance … And the bank charges limited fees. Get free standard checks with your Ally checking account. share. The bank rebranded in 2009 as Ally Bank, a straight-talking online bank. Betterment has disrupted the traditional financial advisor industry in a major way. Ally Bank Products Ally Bank's line of banking products includes checking, savings, CD and money market accounts. You can’t withdraw cash at ATMs. Ally's high-yield savings account offers a competitive APY with no required initial deposit or minimum account balance, and there are no monthly fees. 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