From the bank that received Kiplinger’s magazine “Best Savings Account” of 2009, Ally introduces Interest Checking – a checking account that helps you earn money.
The Ally Interest Checking Account features a 0.50% APY on balances below $15,000 and a 1.15% APY interest on balances above $15,000. Plus, pay no ATM fees nationwide, and Ally will even reimburse you the ATM fees other banks charge.
- The new checking account features include: $0 to open, no minimum balance and no monthly fees
- No ATM fees nationwide
- Free online banking and Bill Pay
- Free debit card, free checks and unlimited check writing
- 24/7 live customer service by phone or online chat
- Free electronic fund transfers, overdraft transfer service, cashier’s checks
- Member FDIC
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?
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.
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 :).
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. 🙂
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?
I haven’t seen that commercial. With Klipinger backing them, I think its safe to assume its a good bank to go with. 🙂
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!
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.
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.
Hey PT. Thanks for cruising on over here. 😀 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. 😉
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.