Last Updated:
Ally Bank Review 2026
Quick Summary
Rating
4.8/5 ⭐
Savings APY
4.35%
Checking APY
0.25%
Monthly Fee
$0
Best for: Savers who want high APY with no fees
What is Ally Bank?
Ally Bank is a full-service online bank offering competitive rates and modern banking features.
✓ Pros
- No monthly maintenance fees
- Competitive savings rates
- 24/7 customer service
- No minimum balance requirements
- Extensive ATM network
✗ Cons
- No physical branches
- Limited cash deposit options
- Lower checking APY than competitors
Account Details
| Savings APY | 4.35% |
| Checking APY | 0.25% |
| Min Deposit | $0 |
| Monthly Fee | $0 |
| ATM Access | None (60,000+ free ATMs) |
| Mobile App | Excellent |
| FDIC Insured | Yes |
Who Should Choose Ally Bank?
Best for: Savers who want high APY with no fees