Summary
It’s helpful to have at least two financial institutions for your banking needs. You may choose to work with a local bank for personalized local service. However, for additional features, services, and possibly better interest rates on investments you may want to create an account with an online bank such as Ally Bank.
Ally Bank – Checking Features & Benefits
- No minimum deposit to open
- No monthly maintenance fees
- Free Online Banking, Mobile Banking, Bill Pay, and Popmoney®
- Free Debit MasterCard®, checks and unlimited check writing
- No Ally ATM fees at any ATM nationwide. Use Ally’s ATM & Cash Locator
- Earn money back with Ally Perks® when you shop with your Ally Checking Debit Card
- Make deposits from home with Ally eCheck DepositSM
- Rate is variable and may change after the account is opened
- Balances of $15,000 or more get an even higher rate
- Free balance alerts
- FDIC insured to the maximum allowed by law.
- Other fees, such as those for returned deposit items and outgoing wires, may reduce earnings
- Ally’s Interest Checking Account rates are accurate as of 1/2/2013.
Ally Bank – Savings Features & Benefits
- No minimum deposit to open
- No monthly maintenance fees
- View your account on the go with Mobile Banking
- Other fees, such as those for returned deposit items and outgoing wires, may reduce earnings
- Daily compounded interest for maximum earnings
- FDIC insured to the maximum allowed by law
- Six transactions per statement cycle with no fees
- Rate is variable and may change after the account is opened
- Ally’s Online Savings Account rate is accurate as of 1/2/2013
