I heard about Ally in numerous other subreddits before finally pulling the plug and opening an account back in 2020. I also was weary in the beginning and was letting analysis paralysis set in. Anyway, as far as the savings account goes, I have had nothing but good experiences. But I also don't do weird banking things like some of my peers in this sub, that tends to lead to trouble. I zelle money in and then zelle money out, or transfer if I need a larger amount. I try to keep my finances boring, I don't play around with my money. My savings account is only an emergency fund that sits there earning interest, until I need to use it, which isn't often. tl;dr: Their savings account is FDIC insured, can't go wrong with simply storing your money there and earning interest. Answer from Deleted User on reddit.com
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Ally
ally.com › bank › online-savings-account
Open a High Yield Savings Account Online | Ally Bank®
Grow your money with a high yield Savings Account. Our online savings account features savings buckets and no overdraft fees. Ally Bank, Member FDIC
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Ally
secure.ally.com › open-account
Open Account
Sign in or enroll to access Ally Online for bank or invest products - accessible on desktop, tablet or mobile devices with your Username and Password.
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Ally
ally.com › bank › checking-and-savings-accounts
Open a Spending and Savings Account Together | Ally Bank
Our Spending and Savings Accounts offer tools that work with each other to help you meet your goals faster. Open Spending and Savings · Turn everyday spending into savings with Ally Bank’s buckets and boosters. ... We watch your linked checking accounts for safe-to-save money, then transfer it to your savings.
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Ally
ally.com › stories › save › how-to-open-a-savings-account
How to Open an Ally Bank Savings Account: 6 Steps to Take | Ally
March 16, 2023 - To open your new account, you need to be ready with the following: ... Once you’re on the Ally site, choose the “Checking & Savings” tab from the top menu, then select “Open Account”.
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Ally
secure.ally.com › explore › savings-account
Savings Account
Sign in or enroll to access Ally Online for bank or invest products - accessible on desktop, tablet or mobile devices with your Username and Password.
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Reddit
reddit.com › r/allybank › family is pushing me to open an ally account, what are some pros and cons?
r/AllyBank on Reddit: Family is pushing me to open an Ally account, what are some pros and cons?
December 3, 2024 -

Just as the title suggests, my family are all Ally members and want me to join saying it’s beneficial. While I believe it’s true; I can’t help but have some doubts that it’s ALL good.

I’m new to this sort of banking and I don’t understand financial terms well but I hope someone can give me the cliff notes of pros and cons to Ally?

I currently have Chase debit and credit and Charles Schwab as my travel debit card.

Find elsewhere
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Ally
ally.com › help › bank › opening-account
Ally Bank Help Center: Opening an Account FAQs | Ally Bank
To access your accounts online, we require your consent to send and receive your account information electronically. Once you provide your consent, you can bank with Ally Bank online and: ... Make easy payments to almost anyone in the U.S. with Zelle® ... If you provide your consent and decide ...
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Ally
ally.com › stories › save › open-checking-and-savings-accounts
Checking vs. Savings: Maximize Both Accounts | Ally
September 22, 2025 - Checking and savings accounts are ... your personal banking experience by combining them at the same bank? By opening both Ally Bank Spending and Savings Accounts, you can unlock more features and save precious time when managing your money....
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GOBankingRates
gobankingrates.com › banks › how to open an ally bank account
How To Open an Ally Bank Account | GOBankingRates
February 13, 2025 - Opening an Ally Bank account is simple. Ally Bank is transparent about its banking fees and offers plenty of tutorials and guidance to get you through the whole process. Start with a checking account and a linked savings account — there are no monthly maintenance fees or minimums and they’ll both earn interest. Plus, it’s easy to move funds back and forth to save ...
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Ally
ally.com › stories › budget › how-to-open-a-bank-account-online
How to Open an Ally Bank Account | Ally
August 22, 2023 - You'll answer a few questions — whether you’re already a current customer, what kind of account you’re opening and what your initial deposit amount will be. Remember, no initial deposit amount is required, and we only ask to help you plan ahead. Once you review the legal disclosures, you’re ready to submit your application. We’ll reiterate: Ally Bank doesn’t require a minimum deposit to open an account, and we don’t require a minimum daily balance.
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Ally
ally.com › bank › ira › online-savings-account
IRA Savings Account: Open Online Today | Ally Bank®
Log in anytime to manage your account. Plus, we don’t charge any monthly maintenance fees. You can grow money for retirement without getting into the market. You get the tax benefits of an IRA, and deposits are FDIC insured. Plus, you can make up to 10 additional withdrawals per statement cycle.
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Ally
ally.com › go › bank › savings-account
Online Savings Account: High Interest Savings | Ally Bank®
View our rates · We'll need some ... an account, but the faster you fund, the sooner you’ll earn interest. Download our easy-to-use mobile app and set up direct deposit to make the most of your account. Save ......
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Ally
ally.com › bank › online-banking
Mobile and Online Banking: Open an Account Today | Ally Bank®
All you need is an email address or U.S. mobile number, so everyone’s account information stays safe. Money is usually available within minutes as long as the recipient is already enrolled with Zelle. If you request money from someone who isn’t already enrolled, you must use their email address.
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Ally
ally.com
Banking, Investing & Auto Finance | Ally
Manage your money with Ally: online banking, auto financing, and investments. Financial products designed to help you pursue your goals.
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Business Insider
businessinsider.com › personal finance › banking › savings › ally savings rates
Ally Savings Review: Comprehensive Analysis
May 8, 2025 - You can set up savings buckets to save for separate goals, such as "Emergency Fund" or "Travel Savings." If you also have a Ally Spending Account, you can link it to savings and set up surprise savings transfers. Every Monday, Wednesday, and Friday, Ally assesses your checking balance and spending habits to determine whether you can afford to save more.
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SmartAsset
smartasset.com › checking-account › ally-banking-review
Ally Bank Review | SmartAsset.com
SmartAsset's experts review Ally Bank. We give an overview of all of their account offerings, rates, fees as well as branch locations. See if opening up an account with this bank is in your best financial interest