10 thoughts on “Introducing Ally Interest Checking

  1. TheDebtDarling

    Wow. This is an awesome deal on an interest bearing checking account. Do you know if they offer an overdraft protection program or anything like that?

    1. money funk

      If you open or have an Ally Money Market Account or Ally Online Savings account than Overdraft Transfer Service is available to you – at no charge to you.

  2. Forest

    Sounds like a decent account…. the interest still sucks but that may change in a few years…. I guess the interest thing is good for those who can borrow right now but I have no intention of borrowing every again if I can help it :).

    1. money funk

      Ya, the interest is on the low side. But they’ve had pretty decent competitive rates through the years. I would assume it would go up when the market goes up. πŸ™‚

  3. Moon Hussain

    I’ve been interested in Ally for a couple of months now. Love the pony commercial too, heh.

    Maybe this will give me a kick in my butt?

    1. money funk

      I haven’t seen that commercial. With Klipinger backing them, I think its safe to assume its a good bank to go with. πŸ™‚

  4. Sharon

    This sounds like a good deal. The only problem is that I really like to know that I can go to a bank if I need to, especially for my checking account. It’s definitely worth looking into. Thanks for sharing!

    1. money funk

      Hi Sharon! True. Online bank transactions can take up to 3 – 5 days; at least with the savings account. I’d be interested to know how online banking works out.

  5. PT

    Oh, nice find. I’ve been meaning to mention this on the blog. I think it’s great they are getting into it. Will keep more pressure on ING to maintain a solid product.

    1. money funk

      Hey PT. Thanks for cruising on over here. πŸ˜€ True, True for ING needing to maintain a solid product. I recently read an article on Money Magazine about the CEO building ING. I was quite impressed. And he talked about some of the competitive issues other companies were giving them… I think he was more worried about people using the Orange Dot and mimicking their website. πŸ˜‰

      I would be interested to check out online banking. Especially now that I have automated all my finances through online avenues. It’s the wave of the future.

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