Available nationwide, Ally Bank is offering 4.25% APY on your funds for opening a new Online Savings Account.
Continue reading below to learn everything you need to know about Ally Bank.
Update 3/19/24: Rate has decreased to 4.25% APY from 4.35% APY. This bonus offer is now expired as of 3/1/24 – the offer has a history of coming back in due time. We’ll update you if it comes back.
About Ally Bank
Ally Hank has dedicated themselves for almost a century to really improving the lives of their consumers. They provide auto finance options, exciting credit experiences, and award-winning online banking.
You get access to eStatements, mobile banking, SMS notifications, internet banking, and a lot more with this account.
Ally Bank High Yield Online Savings
Simply open a new account to start earning Ally Bank’s high rate on all balances.
- Learn More at Ally Bank
- Account Type: Online Savings Account
- Interest Rate: 4.25% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide, Online
- Credit Inquiry: Soft Pull
- Opening Deposit: $0
- Monthly Fee: None
- Early Account Termination Fee: None
(Visit Ally Bank to learn more)
ACH Capabilities & Limits
ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
Push | 1-3 days | $150,000 | $600,000 | Min $1 transfer |
Pull | 1-3 days | $250,000 | $1,000,000 | 20 linked accounts |
Account Rates
Balance | APY |
$0.01+ | 4.25% APY |
Ally Bank Account Benefits
- No monthly maintenance fees
- No minimum balance requirements
- Earn more than 10x the national average
- FDIC insured up to $250,000
Ally Bank $125 Savings Bonus (Expired)
Ally Bank is currently offering a $125 bonus when you open an Ally Bank Savings account.
How to earn it:
- Enroll and open a new Ally Bank Savings Account by 3/1/2024. Enter your name and email address below to start your enrollment in the program. Be sure to open your Savings Account with the same email address you enroll with by 3/1/2024.
- Fund and build your Savings Account balance. Deposit new money from another financial institution to your newly opened Savings Account by 3/25/2024. You can make multiple funding transactions between the account opening date and 3/25/2024, however your account must be funded within 30 days of opening, or it will be closed. You are eligible to receive a 0.50% cash bonus on the new money you deposit, up to $25,000 (max $125 cash bonus).
- Keep your money parked through 7/15/2024 to earn your cash bonus. You will receive a 0.50% cash bonus, up to $125, on the new money you deposit into your Savings Account by 3/25/2024 as long as you retain your funds from 3/25/2024 through 7/15/2024. Your cash bonus will be deposited into your Savings Account on or by 7/31/2024.
(Visit Ally Bank to learn more)
Author’s Verdict
Open a High Yield Online Savings Account with Ally Bank today to take advantage of this promotion and earn a competitive rate! The best part is, you can earn a high rate on any balance!
In addition to the current rate from Ally Bank, you can also take advantage of a range of great promotions from banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
Be sure to check back on BankDealGuy for more bank rates!
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