Ally Bank Online Checking Account
With an Ally Bank Online Checking Account, you have the convenience of a checking account but the interest rate of a savings account. Because it is a direct bank, you manage your interest checking account online, by phone, or by ATM. This means Ally save money in operating costs and allows them to direct that savings toward better rates for their customers.
The Ally Bank Interest Checking has no monthly fees and requires $0 to open with no minimum balance required. If you keep your balance at or above $15,000, you get an interest rate of 1.04% with an APY of 1.05%. However, balances below $15,000 will have an APY of 0.50%. Interest is compounded daily, though your actual earnings may vary based upon rate changes. These bank rates were posted June 11, 2010 and are still current and effective as of June 22, 2010.
With the Ally Bank Interest Checking, there are several freebies for their customers. Online Banking, Online Bill Pay, debit MasterCard, Online Alerts, ATM access, Overdraft Transfer Service, Ally standard checks, and postage paid deposit envelopes all come free.
You may not find Ally ATM machines but you can use any ATM machine to access your money. Ally will automatically refund fees charged made by other banks at the end of your monthly statement period. If you are not near an ATM, you can get cash back when you shop at most grocery stores, gas stations, and super stores and pay no fees. If you link an Ally Online Savings or Money Market account to your interest checking account, available funds from your savings account can be automatically transferred to cover the transaction should you exceed your checking balance at no charge to you.
Managing your money online is easy, especially when you need to transfer money between your ally accounts and accounts that you have at other banks. Online transfers make it simple to make deposits and withdrawals. Also, with Ally’s free mobile banking, your money is always close at hand while you are on the go.
Banking is convenient when using an Ally Bank Online Checking Account.
For additional resources involving financial help, please view Best New York Mortgage Rates – 2010 on this website.
Another resource for financial information of interest can be found at Atlas Bank CD Rates, which is available on our sister website of www.bestcdratestoday.com.
We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name.
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