Ally Bank High Interest Checking Account
The Ally Bank High Interest Checking Account is now being offered by an institution that re-defined the entire banking experience when it provided 24/7 customer service last year. Ally Bank is a direct bank which means that customers manage their interest checking account online, by phone, or by ATM. The saved money from operating costs allows Ally Bank to direct the savings toward better rates for customers.
Ally’s High Interest Checking account gives you the convenience of a checking account and the interest rate of a savings account. There is no minimum deposit to open an account as well as no minimum balance to maintain on the account. Write as many checks as you like for free and order the Ally standard Ally checks for free. Ally also offers a free overdraft service for your interest Checking account to help you be prepared for the unexpected. You get to do your banking as well as Bill Pay for free online. You can use any ATM for your transactions and ATM fees charged by other banks will automatically be refunded to you at the end of your monthly statement period. If you are not near any ATM, you can get cash back when you shop at most grocery stores, gas stations, and super stores and pay no fees. You also get to have a debit card, online alerts, and postage paid deposit envelopes – all for free.
Compared to other banks, Ally Bank has very good rates. For daily balances of less than $15,000, the APY is 0.50%. For daily balances of $15,000 or more, High Interest Checking account has an interest rate of 1.14% with an APY of 1.15%, with interest compounded daily. These bank rates are accurate as of 1/15/2010, as they appear on their website.
Visit their website for more details on the Ally Bank High Interest Checking Account for your area.
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