Money market accounts have the same 2.25% rate, and they come with a debit card for unlimited ATM withdrawals. Taking a cue from budgeting apps, Ally lets you divide your savings account balance into up to 10 “buckets” that represent different goals. The website mentions different APY “tiers” for different balances, but the APY looks to be consistent across tiers (though that may change). With a 2.25% variable APY and interest compounded daily, this account is true to its “high-yield” claim. Ally Bank Features Savings AccountĪlly Bank’s flagship product is their high-yield savings account. You may not encounter any of these situations, but if you do, be prepared for charges. $25/hour if you have a situation that requires research into your bank account history.$20 for outgoing domestic wire transfers.$7.50 for returned or rejected deposits.According to their website, Ally isn’t enforcing fees for “excessive transactions” in a statement period (normally $10), so you should be able to make unlimited transactions. Other no-fee transactions include incoming wire transfers, standard and expedited transfers, and low or zero balances. Pricing for Ally Bankįirst, the good news: you won’t pay monthly maintenance fees or overdraft fees with Ally Bank. Electronic transfers to an external account or another Ally account are also free. If you use a fee-charging ATM, Ally reimburses you up to $10 per statement cycle for other ATM fees. To withdraw cash, you can use an Allpoint ATM (they’re almost everywhere) for free.
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