Online Savings
The online savings account at Ally is high-yield and offers a generous 2.25% APY with no account balance minimum. Ally advertises its savings account yield is more than 10x that of other banks. It also comes with a host of other features.
| Account Type | Key Features | Bonuses (if available) |
| Online Savings | ● No Monthly Maintenance Fees
● 2.25% APY ● No minimum deposit or balance requirement ● Interest compounded daily |
1% cash bonus — up to $500. Minimum cash bonus is $10 ($1,000 deposit), maximum is $500 ($50,000 deposit). |
Money Market
Ally’s money market account offers rates that are an improvement over traditional banks, but in-line with the rates offered at other online banks. It is a nice addition to the available accounts if you’re banking with Ally and comes with additional features:
| Account Type | Key Features | Bonuses (if available) |
| Money Market | ● 24/7 Support
● Competitive 2.25% APY ● No maintenance fees ● Unlimited ATM withdrawals |
Interest Checking
The interest checking account at Ally gives you easy access to your money via a network of over 43,000 fee-free ATMs, while also paying out a bit of yield, making it superior to many other bank checking accounts. Look at these other key features:
| Account Type | Key Features | Bonuses (if available) |
| Interest Checking | ● No overdraft fees
● Early Direct Deposit ● 43,000+ No-fee ATMs Nationwide ● FDIC Insured up to $250,000 |
High Yield CD
The high-yield CD product at Ally comes with a range of terms – from 3 months to 5 years. Like other Ally accounts there are no minimum balance requirements or monthly maintenance fees. There are other features to consider as well:
| Account Type | Key Features | Bonuses (if available) |
| High Yield CD | ● Interest compounded daily
● Convenient online management ● No minimum balance requirement ● No monthly maintenance fees |
0.05% Loyalty Reward when you renew your CD to any CD with Ally. |
Raise Your Rate CD
The Raise Your Rate CD product allows customers to raise the interest rate on the CD if Ally raises its rates. The CD comes in two and four year maturities and you can raise the rate once on the two year CD and twice on the four year CD. Plus, look at some of the other features:
| Account Type | Key Features | Bonuses (if available) |
| Raise Your Rate CD | ● If Ally raises CD rates you can raise your open CD rate too
● Withdraw with no fees for 10 days after CD matures ● FDIC insured ● No monthly maintenance fees |
0.05% Loyalty Reward when you renew your CD to any CD with Ally. |
No Penalty CD
No Penalty CDs come with an 11 month term and they allow holders to withdraw any principle or interest penalty free, once the CD has been funded for a minimum of six days. And there are other nice features to consider:
| Account Type | Key Features | Bonuses (if available) |
| No Penalty CD | ● No minimum deposit required
● No penalty for early withdrawal once six days have passed after funding ● No monthly maintenance fees ● FDIC insured |
0.05% Loyalty Reward when you renew your CD to any CD with Ally. |
APYs
| Account | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
| Online Savings | 2.25% | 2.25% | 2.25% | 2.25% | 2.25% |
| Interest Checking | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% |
| Money Market | 2.25% | 2.25% | 2.25% | 2.25% | 2.25% |
| High Yield CD | 3.25% | 3.50% (18 mo) | 3.50% | 3.50% | 3.50% |
| Raise Your Rate CD | N/A | 2.75% | N/A | 2.75% | N/A |
| No Penalty CD | 2.20% (11 mo) | N/A | N/A | N/A | N/A |
