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Ally Bank Savings Account Rate and Online Account Review
 

Ally Bank Savings Account Rate and Online Account Review

Ally Bank, the former GMAC Bank, is advertising one of the best savings account rates available right now. In addition to a very competitive savings rate Ally Bank is also offering some of the highest CD rates available right now.

Search our interest rate lists at Savings.RatesORama.com for the best savings rates in your area.



The bank's current online savings account rate is 1.00% with an APY of 1.00%. That rate is considerably higher than most money market rates and online savings rates these days.

There are three different ways you can apply for an online savings account at Ally. The quickest and easiest way is by applying online here: Online Savings Account Applicaiton. Applying online takes about 10 minutes.

You can also print and mail the application in or apply by calling 1-877-247-ALLY(2559). Each of these methods takes longer than the online application.

Ally Bank Online Savings Account benefits:

  • Open with $0

  • No minimum balance

  • No monthly maintenance fees

  • Daily compounded interest for maximum earnings

  • FDIC insured to the maximum allowed by law.


You must be at least 18 years old to open a savings account. You'll also need to provide a social security number and an address to open an account.
Author: Monica Harris
May 24th, 2011