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Ally Bank Review: Checking, Savings and CDs
Ally Bank is a popular online bank among people seeking strong rates and convenient customer service.
Checking
Savings
Certificates of deposit
Money market
Customer experience
Overdraft fees
The bottom line:
Ally Bank is online-only; the money it saves on overhead, it can pass to customers in the form of high interest rates and minimal fees. For example, the bank doesn’t charge overdraft fees. It also has convenient customer service options and is ideal for people who don’t need branch access for their banking.
Best for: Those who want strong rates, minimal fees, easy access to customer support and don’t need to deposit cash or access in-person services.
Pros
- No overdraft fees.
- No monthly fees.
- Large, free, nationwide ATM network.
- No minimum opening deposits.
Cons
- No cash deposit.
- No branch access.