Share your opinion and experiences with Ally Bank: ratings and reviews.
Out of all the banks out there, Ally Bank is one of the top online banks. Ally Bank continues to garnish rave reviews from customers based on the following:
- Customer Service
- Reasonable Fees
- Competitive Interest Rates
- Website Usability
After browsing through the website and opening up an account of our own, the team at Ratehero.org has been able to find out some insider details to help you out! We want you to find the best banks with the right type of services you are looking for to grow your savings and to manage your money effectively. So how does Ally Bank rank with the Ratehero team? Keep reading along to learn more!
Here is one of the main components that drew us to Ally Bank. Unlike many other banks out there, at Ally Bank you will not have hidden fees. It seems like many banks are charging little fees here and there for many things that are often hard to understand. Ally Bank doesn’t do this! In fact at Ally Bank you just open the account with the initial funding and you are good to go. No worrying about account maintenance fees that can diminish your savings and hard-earned money. With the Ally Bank Checking Account you will not need to worry about ATM fees as well (as long as you are using an ATM in the United States). Here is the other bonus to the Ally Bank Checking Account; you are able to earn interest on your balance! Not too many banks are willing to pay you to keep your money with them in a checking account, making this one of the best deals for a checking account out there!
The Ally Bank Checking Account has 3 fees that are standard: $9.00 for an overdraft item, $15.00 for a Stop Payment, and $7.50 for a Returned Deposit. To make up for these limited fees, Ally Bank will give you the following for free:
- Free online account access and account management
- Online bill pay
- Debit card
- Nationwide ATM access
- Online account alerts
- Overdraft transfer service
- Standard Checks from Ally
- Postage paid deposit envelopes
Online Savings Rates Are The Highest
If you want to grow your money in a timely manner, the online savings account is the way to go. Over the past few years we have been tracking the best banks out there to see which ones are offering the highest interest rates for online savings accounts. Ally Bank continues to remain on the top of this list year after year thanks to their competitive account rates. They are also one of the easiest and friendliest banks to work with as they provide you with several different options to grow your money. Here are just a few of the account features you can expect with the online savings account from Ally Bank:
- No minimum deposit amount required to open the account
- Open the account online in just minutes
- No monthly maintenance fees
- Online account access 24/7
- Mobile account access
- Connection to other Ally Bank accounts in the snapshot page
- Daily compounded interest
- FDIC security!
- 6 transactions per statement cycle
Once you sign up for the online savings account, it is up to you to determine how you want to fund it. Ally Bank will provide you with some postage-paid envelopes that you can use to mail in your deposit if you prefer. They also have wire transfer services along with online ACH withdrawal. Having multiple options to fund your online savings account will make it easier for you to save and to focus on planning for a rainy day and other things.
Top Interest Rates
What else makes Ally Bank score a high rating with our team? After comparing the interest rates for online savings and checking account, Ally is at the top of the list. While the rates are bound to fluctuate, you will be able to earn more with Ally Bank based on the fact that they do not charge you fees. Other accounts may promise the top interest rates but then they have “account maintenance fees” of $25 or more a month, making it hard to grow your savings.
One of the things that makes a bank successful is the people that work for it. Having high quality customer service is vital to our bank rating system. We know how hard it can be to wait on the phone for minutes while you are trying to square away your finances. When you work with Ally Bank, you have 24/7 Customer Service support. We even tried calling at all different times of the day and night and are pleased to report that each individual we spoke to was quick to answer the questions we had and they were friendly and helpful. Customer service is definitely high on the priority list at Ally Bank, giving them a 5 star rating by out Ratehero team!
After being a member of Ally Bank, it’s easy to see why they are one of the top banks in the Nation. Ally bank has competitive rates on CDs, money market accounts, and online savings accounts. They can even provide you with retirement savings help by offering IRA services and other things. If you are comparing banks, Ally Bank is definitely one you need to add to the list and seriously consider for your savings and checking account needs.