According to Kiplinger’s Personal Finance, Ally Bank has the the “Best Savings Account.” With no minimum balances and a deposit as low as $0.00, it’s easy to see why. Along with their commendable ability to serve their online bankers, Ally also provides a precise table that compares variable rates from other major banks. At the top of the list is Ally, with earnings of 1.29% APY. The next in line is HSBC Advance with 1.10% APY. This APY is compounded daily, but the actual earning also depends on the rate, which is variable. As one of the best banks, Ally Bank provides the nations best rates.

Something else to distinguish Ally Bank through their exceptional service in the “high-yield savings” department, is the calculator. This easy to use tool helps you calculate the amount that you can earn with Ally Bank.

Throughout their entire Ally Bank, there are tabs that easily move you from their Savings Accounts, their CDs, their Money Market Accounts, etc. Within each are more tabs that give you the information you need to know if their services will work for you. Their Savings Account at 1.29% APY seems like a pretty sweet deal, and as far as navigating through their site with the information literally at your fingertips, Ally definitely hits the top. Ally Bank Money Market offers similar rates to their savings but with debit and checking features.

Some other features that Ally Bank offers are:

• 24/7 customer service
• online security promise

Read the complete Bank Review of Ally Bank.
In depth definition of online banking.
Ally Bank’s Savings Accounts are FDIC insured.