Ally Bank Savings Account Reviews

  • 4.90 / based on 1 Review | Submit Your Review
    Satisfaction
    Application
    Interest Rates
    Fees
    Service
  • Company Details

    Assets: $110,653,402
    Year Established: 1902
    Type: Bank
    FDIC Certificate #: 57803


    Company Reviews (5)

  • 0 of 0 people found the following review helpful.

    The quality of service and support from Ally has been fantastic., January, 2017

    I am very happy with using Ally Bank. I signed up for them primarily because of their policy on ATM fees. They allow you to use any ATM in the country without charging any fees. Even if the ATM charges fees, they will reimburse you. A couple times, I needed to contact their customer service for certain issues and they have been entirely professional and helped me resolve my issue very quickly. It is also very easy to open a new account with them that is linked to your original account. I had a checking account with them and I wanted to open a savings account. The application process took less than five minutes and was very simple to complete. I would recommend Ally to anyone who is looking for a bank that is simple to use.

    • Savings
    • Walnut Cove, NC
    • 23 Year Old Male
    • Customer for 1 - 2 Years
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  • 0 of 0 people found the following review helpful.

    Super easy online banking., December, 2016

    I was interested in getting a savings account that way my money can make some money.

    I chose Ally bank because they have no fees and have some of the best rates in the business. At .99 APY, I have no found an online bank that is higher.

    The online service is super easy to use and whenever I've needed customer support, they've been great. All help sessions have been super thorough.

    I have money deposited into my account automatically after my payday each month. Next thing I know, I'm accumulating an emergency fund without even knowing it.

    When it comes to transferring money to my checking account if I have a larger purchase, the online portal makes it a breeze.

    I'm super happy with Ally bank and would recommend it to anyone.

    • Savings
    • Atlanta, GA
    • 33 Year Old Male
    • Customer for 2 - 3 Years
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  • 0 of 0 people found the following review helpful.

    My overall experience with this bank can only be described as perfect., November, 2016

    When I first joined Ally I was in the market for a bank that would replace the Savings Account that Chase has closed several months prior due to a lack of activity. I was also interested in a bank that would allows me easily open multiple accounts so that I could experiment with multiple savings accounts for different things. (Think the money in the envelope savings method but "digitally"). It was between Ally and Capital One. I joined both banks to check them out but ultimately went with Ally because I preferred the usability and pleasing visuals of the user interface for their online banking.

    The application process was painless. I was able to open up several accounts quickly and had several options when it came to how I wanted to making my first deposit. I opened two savings and one money market account. Accessing the money in these accounts has been painless. Whenever I need help I can call the customer service which is available 24/7 with minimal wait times. The interest compounds more often and the interest rates are high so I see pretty reasonable updates monthly.

    I absolutely love their user interface and find it simple and easy to use. Since it is an online bank only I find that the online banking should be modern, clearn and up to date which it is. I have yet to use my Money Market ATM card to withdraw so I haven't seen how the atm reimburses work but even without that I am extremely happy with Ally for what I am using it for.

    • Savings
    • Brooklyn, NY
    • 31 Year Old Female
    • Customer for 1 - 2 Years
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  • 0 of 0 people found the following review helpful.

    Ally Bank has been a very positive experience., November, 2016

    A good friend was already using Ally Bank and recommended them to me. I had been looking for a better savings accounts because my current one was essentially useless for the purpose. I selected Ally because they have strong interest rates and since my previous bank had closed its local branch I was essentially stuck with doing online-only banking anyway. Ally doesn't have any physical branches but they will reimburse any ATM fees you get for using another bank's ATM. Because they don't have the cost associated with physicals banks, they offer much higher interest rates than their competitors. I've been a customer with them for almost 2 years now and I receive more interest from Ally in a single month than I would receive all year at the other bank. The website is very well designed and easy to navigate. They're up-front with their information and it's easy to understand what value you're getting.

    • Savings
    • Fleetwood, PA
    • 30 Year Old Female
    • Customer for 1 - 2 Years
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  • 0 of 0 people found the following review helpful.

    Great place for long term storage., November, 2016

    The rates for the savings account can't be touched. They work really well for places to store money that you won't be touching for a while. In some instances, and with some products, rates increase as the amount of money you put in incerease, so it would behoove you to put more money in. I don't have that much, unfortunately. The only real downside is that it's difficult to get cash in and to move money around between accounts. What I usually end up doing is depositing cash in my brick-and-mortar bank, then transferring it to Ally. This usually takes about a week, so for quick transactions it's extremely difficult. It's also a little bit strange not just being able to go into a branch to do things. However, you get used to it, and their customer support is very knowledgeable.

    • Savings
    • Ashburn, VA
    • 31 Year Old Male
    • Customer for 1 - 2 Years
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