The platform is free to anyone who opens an account. Their extensive research and tools rival even the largest brokerages. It offers a wide variety of products including ETFs, mutual funds, options, futures, and Forex. Ally Invest charges some of the lowest fees among online brokerages. Ally acquired TradeKing in 2016 and recently launched Ally Invest. You want a one-stop shop for all your financial needs.You can download the mobile app for Android and iOS. The mobile app is completely free to use. You can make check deposits, transfer money, pay bills, search recent transactions, view statements, find nearby ATMs, set debit card controls, and more all on the go. Ally's mobile app has high ratings as well. They are also completely transparent on their rates, so you won't be blindsided. Ally consistently earns high user ratings for its easy-to-use website. Just take a picture on your phone and send it through the mobile app. Got a check deposit? It's easy to move it straight into your Ally savings account. This option gives you the flexibility to remove your money if you suddenly need it. It allows you to withdraw your full balance and interest any time without penalty (after the first 6 days of account funding). No Penalty CD: This CD has a fixed term of 11 months.You can boost your rate once over the 2-year term or twice over the 4-year term. Usually, you're locked into your rate for the entire term of the CD.īut Ally's Raise your Rate CD gives you a chance to increase it if rates go up during the term. Raise Your Rate CD: Choose between a 2-year or 4-year term.Even for a 6-month CD, you can get higher rates than with the Savings account. The APY differs based on your opening deposit amount.Īlly offers excellent rates for short term CDs. High Yield CD: Choose from terms of 3 months to 5 years.That rate must be the same loan term and be dated within the past 5 business days.Īlly has 3 different CD options with no minimum deposit. You can choose between a fixed rate between 10 to 30 years or adjustable rate, which will fluctuate based on current market rates.Īlly has a Price Match Guarantee if you find better pricing at another lender. Keep reading to check out Ally's wide range of banking services that satisfy basic checking and savings needs:ĭid you know: Ally's home loan services include mortgage loans and refinancing. Deposit RatesĪlly Bank offers competitive interest rates when compared to other online banks - and higher rates than most brick and mortar ones. So does Ally Bank deliver its promises? Read on for a detailed review. In 2010, it was rebranded as Ally Bank, an online bank built on a principle of providing better rates and service to customers. Their banking products have no minimum balance requirements or service fees.Īlly was previously known as GMAC (the finance sector for General Motors). Solid online bank with a great user-friendly website and customer serviceĪlly Bank is a full-service online bank with very competitive rates. Low Checking APY for lower balance customers.
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