Along with a competitive, variable rate and no monthly maintenance fees, the Ally Bank Savings Account comes with tools to help grow your money faster. We found people have saved, on average, 2x more when they’ve used our smart savings tools.
Set up boosters to optimize and maximize your savings, even if the rate changes after you open the account
Make changes as new priorities arise Get personalized recommendations to help you save moreSet money aside for what matters to you. All in one place.
Like digital envelopes, savings buckets stash your cash for whatever you want (or want to do). Use them to track your progress, all while earning interest on your total balance. Then, carry that organizational savvy into your spending using our spending buckets .
We track your spending accounts with us for transactions we can round up to the nearest dollar. When you accrue at least $5 in round ups, we transfer it to your savings.
We analyze your linked checking accounts for safe-to-save money, then transfer it to your savings so you don’t have to.
Rate is variable and may change after the account is opened. Deposits are insured by the FDIC up to the maximum allowed by law.
The national average for this type of account is 0.46% APY, based on rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 8/19/2024.
The APY we pay is based on the tier in which your end-of-day balance falls. APYs are variable and subject to change.
The APY of our Savings Account is more than 5x the national average of 0.46% APY, based on the national average of savings accounts rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 8/19/2024.
You shouldn't be nickel and dimed for using your own money.
. and we won't hide the fees we do have.
Expedited delivery $15 Outgoing domestic wires $20Check out our Straight Talk Product Guide (PDF).
Get your account up and running in minutes.
We’ll need some personal info, like your address and Social Security number.
The faster you fund, the sooner you’ll earn interest. No minimum deposit required.
Start exploring (and enjoying) everything we have to offer.
People like it here. We think you will, too.
There are several ways you can add money to your accounts. You can transfer money from another bank or an Ally Bank account. We also offer Ally eCheck Deposit℠ to deposit checks. You can also send a wire transfer or mail checks to: Ally Bank P.O. Box 13625 Philadelphia, PA 19101-3625 Make sure checks are properly endorsed on the back with For Deposit Only and the signatures of all payees. Please don't send cash. You can also set up direct deposit with your employer. Direct Deposit (PDF)
Our savings account includes buckets and boosters, designed to help you organize and optimize your savings. Like digital envelopes, savings buckets help you organize whatever you're saving for without needing multiple accounts. Boosters like Surprise Savings and Round ups are money-saving tools to help you reach your goals faster. Our money market account doesn't have buckets and boosters, but does offer a debit card and checks.
No, because the two account types include different features, and utilize different ways of accessing funds. Instead, a new Money Market Account must be opened. Then, you can choose to keep both accounts, or request to close the account you no longer want.
You can make 10 limited withdrawals and transfers per statement cycle from your Savings Account. There’s no fee for going over the limit, but we’ll close your account if you exceed it on more than an occasional basis.
You can withdraw money in these four ways:We limit certain types of withdrawals and transfers from savings accounts to 10 per statement cycle. These limited transactions include Online and Mobile Banking transfers, between Ally Bank accounts or to a third party.
Some transactions are unlimited. You can make as many deposits as you like, and you can call us at any time to request a check made out to you.
We won’t ever charge excessive transaction fees. However, we’ll close your account if you exceed the limit on more than an occasional basis
A FEW THINGS YOU SHOULD KNOW
Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company, NMLS ID 3015 . Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services. Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005 . Credit products and any applicable Mortgage credit and collateral are subject to approval and additional terms and conditions apply. Programs, rates and terms and conditions are subject to change at any time without notice.
Ally Servicing LLC, NMLS ID 212403 is an affiliate of Ally Financial Inc.
Options involve risk and are not suitable for all investors. Review the Characteristics and Risks of Standardized Options brochure before you begin trading options. Options investors may lose the entire amount of their investment or more in a relatively short period of time.
Trading on margin involves risk. You can lose more funds than you deposit in a margin account. Please review Margin Account Agreement and Disclosure for more information regarding margin trading.
Securities products and services are offered through Ally Invest Securities LLC, member FINRA / SIPC . For background on Ally Invest Securities go to FINRA’s BrokerCheck . Advisory services offered through Ally Invest Advisors Inc., a registered investment adviser. View Invest Disclosures . Ally Invest Advisors and Ally Invest Securities are wholly owned subsidiaries of Ally Financial Inc. Securities products are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE.
Before you invest, you should carefully review and consider the investment objectives, risks, charges, and expenses of any mutual fund or exchange-traded fund (ETF) you are considering. ETF trading prices may not necessarily reflect the net asset value of the underlying securities. A mutual fund/ETF prospectus contains this and other information and can be obtained by emailing support@invest.ally.com .
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Ally credit cards are issued by Ally Bank, Member FDIC. Mastercard and the circles design are registered trademarks, and Mastercard ID Theft Protection is a trademark, of Mastercard International Incorporated. ©2024 Mastercard. All rights reserved. Certain terms, conditions, and exclusions apply. Cardholders need to register for this service. This service is provided by Iris® Powered by Generali.
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