Ally Bank Minimum Balance
Ally Bank today rolled out a new checking online checking account. There is no minimum balance to earn interest or. That means that at Ally a balance of $10,000 will earn $149 in a year. Are savings accounts from Ally Financial Inc. But, as previously noted, if your minimum balance amount is greater than $15,000, Ally will offer a better rate. Minimum balance for the bonus at beneficiary's 18th birthday varies. And there is a balance transfer fee of 4% (minimum of $10) - which is higher than the standard fee of 3% (minimum of $5) offered by most issuers. I'm 18 and have never had a checking account before but I wish to obtain one for online shopping and a website I want to create. Ally Bank delivers the goods when it comes to checking. If you’re able to keep a minimum daily balance of $25,000 the APY increases to 1. For the past three years, Ally Bank and TD Bank, N. Capital One: 1. com Online Savings Account: High Interest Savings, Rates. Ally is known for its sleek website, real-time chat support and online banking features, like the eCheck Deposit feature that makes it easy to fund your account. Moreover, if you choose to go for the Chase Plus account in an effort to gain the higher Chase savings interest (which is still lower than the Ally Bank interest rate) you will be required to maintain a Chase Savings minimum balance of $15,000 to avoid the monthly maintenance fee. Minimum balance to open an account is $25,000 with a checking account or mortgage. 25 per item thereafter), First National Business Free Checking is designed for the small business that values flexibility and cost-control. The bank's high yield savings account requires $10 to open and has no minimum balance requirement. Opening an account is easy, and you’ll probably earn more on your savings than you would get from the bank down the street. Deposits and withdrawals can be made via Ally's online funds transfer service which provides for fast ACH transfers to and from your other banks. Ally Bank is a very popular internet-only bank. 45% APY (as of 4/2/18). Whatever your savings goal - building your emergency fund, saving for something special, or simply starting good savings habits - we provide access to tools and calculators to help you understand how to make the most of your money. Description: Ally Bank's longer term CD rates are some of the best CD rates available today. 10 percent APY on balances below $15,000 and 0. Credit cards are one of the 1 last update 2019/11/04 most expensive forms of financing. 45% APY and allows you to transfer via Zelle on the same day. 80% APY, no minimum balance needed for APY and a free checking account (no ATM access) Overview: Ally Bank started in 2004 and is headquartered in Sandy, Utah. Ally has solid customer reviews and has many bells and whistles, such as being able to connect Alexa to your account so you can easily ask what your balance is in your savings and other accounts, such as checking or money market. Ally offers three Certificates of Deposit (CDs). 25 per item thereafter), First National Business Free Checking is designed for the small business that values flexibility and cost-control. Government (read: taxpayers). Ally is a popular online bank with just about every account you could possibly want: checking and savings, CDs, money market accounts, IRAs, as well as many different kinds of loans. For example, how many savings accounts have you seen that require no minimum balance and no monthly maintenance fee?. This enables Ally Bank customers to manage their checking and savings balances in one online app, resulting in faster transfers and the ability to set up recurring transfers between accounts. Minimum Balance: $0 ; Unlike some. There are free business checking accounts in every state and Washington, D. According to the FDIC and based on the institution's charter type, Ally Bank is classified as a commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB). Debit card $0. Here are a few things to keep in mind if you are considering Ally Bank CD rates. 90% APY as of today. Rates may change at any time without prior notice, before the account is opened. I currently still have no credit history, and am wondering if anyone knows the rate of acceptance for Ally savings accounts ,. Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services. The current rates for a savings account with FDIC at Chase Bank as of 2. Barclays They also do not have a minimum account balance. The bottom-line: your money could be. Finally, the Ally Interest Checking Account not only earns 0. Are checking accounts from Ally Financial Inc. Ally was previously known as GMAC (the finance sector for General Motors). I recently opened an Ally Bank Interest Checking Account. This mobile-centric bank charges an $8. Ally Bank: Interest Checking Account. Subject to a minimum equity contribution of 35%-40% of total capitalization at closing. The interest rates are highly competitive, and Ally doesn’t have minimum requirements for investing in CDs. Tags: bank, checking account, minimum balance, money market. The Fed’s prior two rate cuts since July have pushed down average. 2 Minimum to open $100. If you fail to meet any of the minimum requirements, your interest earnings will drop to. This business model allows it to offer a strong lineup of basic financial products with competitive rates, low fees and almost no minimum deposit requirements. Ally – Best Full-Service Online Bank. Ally is a popular online bank with just about every account you could possibly want: checking and savings, CDs, money market accounts, IRAs, as well as many different kinds of loans. Accounts with lesser amounts still earn too — 0. Bonus points if your new checking account comes with a debit card rewards program. If you recently opened one of these, remember that Ally Bank offers a “Ten Day Best Rate Guarantee”:. The average of the minimum balance necessary to waive the monthly fee at the top 10 banks is currently at $1,010. Rates may change at any time without prior notice, before the account is opened. GE Capital Bank customers enjoy few restrictions on their accounts. Ally is known for its sleek website, real-time chat support and online banking features, like the eCheck Deposit feature that makes it easy to fund your account. But it’s easy to link an Ally Bank account to a securities account, and transferring funds between the two is easy. There are no monthly fees, no minimum balance fees, no overdraft fees and no foreign transaction fees. Ally Financial Inc. Ally Bank offers a single checking account. Discover Bank Review: Cashback Checking and High-Rate Savings Discover's deposit accounts come with few fees, a fairly high interest rate and a cash-back feature on your debit spending, making it a potential choice for people who make lots of small debit purchases each month. The annual yield on Ally's checking accounts range from 0. 00 APY for all savings account holders. Our banking subsidiary is Ally Bank, which is an indirect wholly owned subsidiary of Ally Financial Inc. When we say “Ally,” it means Ally Bank. The more money you keep in checking, the more interest you. Ally Mortgage review includes the different mortgage types, Ally mortgage process and pros & cons of Ally as a mortgage lender:. +Annual Percentage Yield (APY) Lusitania Savings Bank uses the daily average balance compounding method to calculate the interest on your account(s). Ally consistently offers some of the highest rates, if not the highest, on its savings accounts and CDs — all without charging monthly maintenance fees or requiring a minimum account balance. Ally Bank was named "Best Online Bank" for the 5th consecutive year since 2011 by MONEY® Magazine Estimated: $39,000 - $51,000 a year. With our online Money Market Account, you'll get great rates, no hidden fees, no monthly maintenance fees, and no minimum balance required. Minimum Balances: Ally Invest has no minimum balance requirement for their self-directed accounts. Other banks, including Ally and FNBO Direct, don’t impose such an onerous minimum deposit on regular CDs. The minimum balance to obtain the APY is $0. In addition, there are no monthly maintenance fees on the account. Ally Invest is one of the very Best Stock Brokers For Beginners : it offers lots of learning materials, vibrant and helpful online investor community, and no additional charge on broker-assisted trades. 3 Transactions made via ACH, automatic transfer, check, mobile banking, phone banking, or online banking are limited to six (6. By joining Ally Bank and opening a CD account, you get to enjoy earning higher interest rate than regular savings account. Synchrony Bank- 2. Ally Bank's Online Savings Account has no balance tiers, no minimum balance requirements, and no monthly maintenance fee. Zions Bank isn't just a bank. As of this writing, Ally Bank will pay a 0. The card gives a 2% cash back rate at grocery stores and gas stations, and 2. You can access your money in your High Yield Savings and (non-IRA) Money Market accounts these ways: ATM: With the optional ATM card available with a High Yield Savings or Money Market account, you can get cash and perform basic transactions either in the U. Ally operates entirely online, so you won’t be able to visit a branch. Right now, they are having a special 12-month CD term with up to 2. Most banks charge for that or require you to maintain a minimum balance. The minimum transaction for balance transfers is $250 and could take two to four weeks to complete. In 2010, it was rebranded as Ally Bank , an online bank built on a principle of providing better rates and service to customers. If you use ATMs a lot to withdraw from your account, then you will be happy to know that there are no charges when you withdraw from a non-network ATM. Seems everyone is freaking out about the recent change in wording of Ally Bank CDs early withdrawal policy. There is no minimum balance or opening deposit. The bank agrees and puts $50 aside for the transaction, and now, though current balance in your account is still $200, the available balance is $200-$50 = $150 and not $200. CIT Bank, N. There are no minimum amounts to open an account but you'll get a higher interest rate if you can keep your minimum balance at $15,000. The savings account has no monthly maintenance fees and no required minimum balance. Ally Bank ensures that your funds are insured by the FDIC up to the maximum amount. 00% APY; I mention it because it exists, and may become a factor in the future, but right now it's inferior to the savings account. Ally Bank: Products. Making your money work smarter for you. For the second year in a row, Ally Bank, the direct banking subsidiary of Ally Financial Inc. 90% APY ($0 to open, No Hidden Fees, Ally Bank, Member FDIC). Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services. 'Minimum Combined Balance'-- Measured just like an individual account's minimum balance, but includes all or many of your other accounts' balances. • Low minimum daily balance of $100 waives the $15 monthly fee. Bank where, when, and how you want. Our banking subsidiary is Ally Bank, which is an indirect wholly owned subsidiary of Ally Financial Inc. Interest rate: 1. Contact the fraud hotline (1-800-971-6037) anytime. 05% for balances less than $100,000, a minimum opening deposit of $2,500, and a minimum daily balance of $2,500. savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC # 57803 ). 2% annual percentage yield. From public sector lender State Bank of India (SBI) to its private sector peers HDFC Bank and ICICI Bank, most banks have fixed their own average monthly balance requirements, which vary depending. Money market accounts vs. Other Benefits - Free standard checks for those 55 or better 1 - Preferred interest rates on Certificate of Deposits 3 - 5 free non-Horizon Bank ATM transactions per statement cycle. Ally Bank was chosen again for its high annual percentage yield (APY) and no monthly maintenance fees or minimum balance requirement. The MasterCard logo on the debit card can be used to make purchases around the globe. Alliant Credit Union High-Rate Savings. We have approximately $13,000 in wedding gift money that we'd like to use to start the savings account (as the beginnings of a house fund). BEST: Ally Bank. SBI Minimum Balance Rules, Penalty Charges For Non-Compliance: All You Need To Know Monthly average balance or MAB of an SBI savings bank account is the average of daily balances in the account in. If you look a little closer, you'll. The online-only bank also offers the option of opening a free checking account (again, no minimum balance required) and linking it to your savings. Ally Bank is an online-only bank, so they don’t have branch offices you can visit to speak to a representative. You are rewarded with a higher interest rate when you link to a TD Bank personal checking account,. 80% APY CD Rate. Minimum Balances: Ally Invest has no minimum balance requirement for their self-directed accounts. Charles Schwab bank accounts are designed for Schwab investors, but the accounts stand out for low fees, a lack of minimum balance requirements, and fee-free access to any ATM in the world. Open your Business Regular Savings Account at any of our convenient locations. The account earns interest similar to a savings account. The rates are much higher than typical brick and mortar bank rates. *Annual Percentage Yield (APY) may change after the account is opened. There are no monthly service charges and no minimum-balance requirements. No sneaky. Not only can you invest through Ally Invest, but you can also do much of your banking through the Ally Bank platform as well. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Neither Barclays nor Ally Bank charges a monthly maintenance fee for its deposit accounts, and there is no minimum balance requirement needed to avoid a fee. Here are our three favorite business checking account options: 1. The CD rates from Ally Bank receive an overall Smart. No monthly fees. Ally Bank: Fees. Ally Bank CD rates. Although Ally has dropped its rate significantly, we still favor this online bank. Some CDs are billed as high-yield CDs, promising higher rates over typically longer terms. Ally Financial Inc. Making your money work smarter for you. On the other hand, the typical bank with physical branches may charge a monthly fee of around $10 unless you keep a balance of $1,000 or higher. You also don't need to keep a balance to retain the account. type Bank 2 name/acct. So if you like Ally Bank Credit Card, you can learn some ways to make full use of Ally Bank Credit Card. Ally Bank doesn't require a minimum deposit for CD accounts. VIEW ALL TOPICS. The data set includes both smaller, unrated,. We offer high interest rates with no monthly balance requirements or monthly fees. Here's What Makes Ally the Best Online. This features a $25 minimum to open, and no monthly fee for up to five years in college. Standard Savings An easy & convenient solution to help you jump start your savings routine. Their $0 minimum balance helps too. Ally Bank prides. Along with your savings account, you can also open a free checking account (also with no minimum balance requirement and eligible for the 1% cash back offer). Some CDs are billed as high-yield CDs, promising higher rates over typically longer terms. If you apply and are approved, you will receive either a Signature Visa card if your approved account credit limit is $5,000 or greater or a Platinum Visa card if your approved account credit limit is less than $5,000. If your account dips below the minimum balance requirement, you'll typically incur a fee. The Wall Street firm's online bank has a strong savings option with the high rate of 1. September 10, 2014 software lessons learned. 50%, two-year CD with - wait for it - no minimum deposit. Daily compounded interest for maximum earnings. Includes 6 third party debit items per month1. bankbranchlocator. 20% interest rate (although as of October 2019 that interest rate is. savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC # 57803 ). Ally Invest has no minimum account requirement. Government-Sponsored Accounts. 18 rate has decreased to a maximum of 1. This is the kind of account that public banking advocates tend to emphasize as the key to getting the unbanked into a bank account. The most common services and transactions are free with Ally Bank. See a banker for details and FDIC insurance limitations. Best online bank: Azlo. Capital One: 1. Ally Bank is an online bank with competitive interest rates compared to other online banks and higher rates than most brick and mortar ones. - An Android application to view account balances, view recent activity, pay bills, transfer funds between Ally Bank accounts and your accounts at other institutions, and locate ATMs. SmartAsset's experts give a brief overview of each CD account, including their current rates, minimum balance and fees. Ally Invest is one of the very Best Stock Brokers For Beginners : it offers lots of learning materials, vibrant and helpful online investor community, and no additional charge on broker-assisted trades. Ally Bank offers one savings account. Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances under $100,000 and subject to change daily without notice before or after the account is opened. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. The current rates for a savings account with FDIC at Chase Bank as of 2. 21% APY for your first 12 months. It is an online-only enterprise that has good customer service to offset the typical downside of online banks. Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services. 50% and ETrade’s 9. There are free business checking accounts in every state and Washington, D. According to a study by CivicScience, 8 out of 10 people bank online and more than 6 in 10 use a mobile device for their banking needs. Provided below are several transactions that have recently been marketed in the Leverage Finance market. , has been named 'Best Online Bank' out of a total of 30 online only banks evaluated in GOBankingRates. The Bank of America's Core Checking product, which is what this product is when you're not a student, has a minimum balance of $1,500 to avoid the fee. Your contributions come out of your paycheck automatically. Top 10 Best Online Banks of 2019 | ConsumerAffairs The best online banks have higher interest rates on checking and savings accounts. Currently that amount is $250,000 per depositor. If it weren’t such a hassle to transfer funds, I’d switch to Ally Bank (formerly GMAC), which is offering 2. Ally Invest is the brokerage service of the much larger online-only Ally Bank franchise, and it adds an able broker to the suite of the bank's products. Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. 80% APY Rate for their Online Savings Account. Up until now, the online bank had only offered savings and cd products. Bank of America Announces Unlimited Commission-Free Stock, ETF and Options Trading for Preferred Rewards Members with no trade or balance minimums. CIT Bank, N. If you’re able to keep a minimum daily balance of $25,000 the APY increases to 1. Yields vary depending on the minimum daily balance in customers' accounts. When to Use Ally Invest. federally insured? Yes, your Ally Financial Inc. The customer service is top notch and they have live people all the time. Another nice addition: you get free check images online. Bank of America Core Checking Account has a $12 Monthly Maintenance fee which is waived with at least 1 direct deposit of $250 each month or maintain a minimum daily balance of $1,500 or more. Transfer new money from an account in this Ally Bank promotion and earn up to $1,000. Ally does not require you to have a minimum account balance. Barclays They also do not have a minimum account balance. Ally Bank: Accounts. Ally Bank (online only) TIAA Direct (online only). 80% APY CD Rate. Pros of Ally Bank. The entire process takes less than 7 minutes. Ally Bank: Rates. Barclays Bank has a fairly standard online savings account that's highly comparable to other money market accounts on this list. You do need to maintain a minimum $5,000 to get this APY. Account Details: $50 minimum opening balance required in branch only. View rates, fees, and customer service rankings. checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57803). A withdrawal of interest will reduce earnings. Official checks $0. Don't just stash your cash in any bank account. The rates are much higher than typical brick and mortar bank rates. Ally Bank offers one savings account. Our banking subsidiary is Ally Bank, which is an indirect wholly owned subsidiary of Ally Financial Inc. Ally Bank — Ally Bank also offers an 11 month no penalty CD, and they offer a tiered interest rate. Ally Bank review by Forex trading experts, In this article you will know all about Ally Bank savings accounts and Ally Bank customer service, You will also know about Ally Bank login and AllyBank contact address or phone number, Are you going to have insurance or want auto-financing!. There are no monthly fees. Consistently Competitive Rates 24/7 Customer Care Ally Bank, Member FDIC. Ally Bank is an online-only bank offering competitive deposit accounts and other financial services. 99% on purchases that lasts for the six months after the opening of a new credit card. Modern-day checking accounts have the potential to do so much more than provide consumers with an easy method of payment. 00 monthly service charge. Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services. 20% APY, more than. We are glad to have you with us. See our in-depth review of the online banking giant and decide if it's right for you. Ally Bank operates as an online bank and has no branches. The bottom-line: your money could be. Ally also makes sure you know you’re going to be limited to 6 transactions out per month. Modern-day checking accounts have the potential to do so much more than provide consumers with an easy method of payment. 90% APY , $0 minimum balance for APY Finding the best bank to deposit a large sum of money Since banks offer a wide range of interest rates, it's important to do some research to find the best rates and terms before you open your account. 65% for balances above $15,000. View rates, fees, and customer service rankings. This business model allows it to offer a strong lineup of basic financial products with competitive rates, low fees and almost no minimum deposit requirements. I use Ally Bank. Ally Bank offers a single checking account. Ally Bank vs Betterment Everyday Disclaimer. 90% APY; $5,000 minimum daily balance: 0. Ally Bank! Midvale, UT (Online Bank) ! www. 20% APY on your funds for opening a new Ally Bank Online Savings Account. Ally Bank (online only) TIAA Direct (online only). (the issuer and servicer of your Ally CashBack Credit Card) have worked together to support the Ally CashBack Credit Card program. Discover Online Savings Account- 1. It doesn't require a minimum balance to earn the APY and, even better, you can open a free checking account (also with no minimum balance requirement and eligible for the 1% cash back offer). Ally Bank rates are up-to-date. 05%, Ally Bank is at 1. [Rate Increase] Ally Bank CD With No Early Withdrawal Penalty – Offering Up To 1. In fact you can open an Ally Checking account with $1 if you want. Ally Invest is one of the very Best Stock Brokers For Beginners : it offers lots of learning materials, vibrant and helpful online investor community, and no additional charge on broker-assisted trades. It comes with no fees, up to $10 in monthly ATM fee reimbursements for other banks' ATM fees, mobile check deposit and even pays a little bit of interest to sweeten the deal. for balances under $100,000. Here's What Makes Ally the Best Online. Ally is an online-only bank that offers competitive rates and low fees by avoiding the overhead costs of physical branches. There is no minimum balance required to open a self-directed investment account. You don't need to meet any minimum balance requirements to open the interest bearing checking account and they don't charge monthly fees to keep your account open. 90% APY ($0 to open, No Hidden Fees, Ally Bank, Member FDIC). That’s the purported goal of today’s robo-advisors (one of them is brand new), but understanding how that benefits you is crucial. The account was chosen for its high annual percentage yield (APY) and no monthly maintenance fees or minimum balance requirement. Ally Bank, the company's direct banking subsidiary, offers an array of deposit and mortgage products and services. Read our full BMO Harris Bank review here. 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. $12 service fee waived with an average beginning day balance of $1,500 OR direct deposits of at least $500 each month. The terminal at the company sends a message to the bank that you wish to spend $50 from your account. The result is an easily accessible online savings account with low fees and a 1. Ally is an online bank with a tremendous presence. Here are our three favorite business checking account options: 1. Ally has long been a leader in online banking. Find out how they compare to determine which one is right for you. Pros of Ally Bank. Other Benefits - Free standard checks for those 55 or better 1 - Preferred interest rates on Certificate of Deposits 3 - 5 free non-Horizon Bank ATM transactions per statement cycle. A premier money market account offered at a branch requires a $1, 000 minimum balance. Build up to the $300 minimum daily balance No monthly maintenance fee for the first 12 months each month you have a linked, eligible TD Bank Checking account and a recurring transfer of $25 or more from a TD Bank account 1; Free automatic transfers Kick-start your savings with transfers from other accounts. and OneWest Bank, a division of CIT Bank, N. Connect your HSBC Advance Savings account to as many checking accounts as you wish - regardless of what bank they are with - and transfer funds between them. Lehman Brothers owned a bank, and when Lehman was liquidated in bankruptcy court in 2009, the bank was sold. APR will vary with the market based on Prime Rate. We're part of your community, your next door neighbor, with more than 140 years of history behind every transaction and community investment. bankbranchlocator. Ally Bank offers a single checking account. As a result, not only can Ally Bank offer free checking – called Interest Checking – this account pays interest on any balance. It’ll also be a great way for me to get a customer side view of Ally’s service. Simply Right ® Checking is all that and more: Access thousands of Santander ATMs, including in many CVS Pharmacy locations. There are no minimum deposit requirements to open an account and no maintenance fees, and you can earn decent rates even on low balances--recently 1. Ally and Chime Bank are two popular institutions that specialize in digital banking. There is no minimum balance requirement and no monthly fees. Synchrony Bank's CDs are great for people with large balances and. Three ways to go fee-free Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or maintain a combined balance of $25,000 across eligible TD accounts. Bank Freely is a free, no-minimum checking account that offers two monthly rebates of out-of-network ATM surcharges. Our Ally Bank Interest Checking Account gives you convenient online checking with no monthly maintenance fees and no minimum opening balance requirements. 8% annual percentage yield on savings accounts, while the average APY is 0. We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Rates of the selected banks were obtained from Informa Financial Intelligence, www. According to a study by CivicScience, 8 out of 10 people bank online and more than 6 in 10 use a mobile device for their banking needs. In this Ally Bank Money Market review, we'll compare rates, fees, and services to other national. Ally offers a wide range of important features, almost no fees, and generally good customer service. banks: Capital One 360, USAA, Discover, BBVA, Chase, and Bank of America. You’ll need the child’s Social Security Number and birth certificate for age verification when opening the account at your local M&T Bank branch; Note: Accounts can only be opened by individuals under 18 years of age. Ally Bank is a Member FDIC and Equal Housing Lender , NMLS ID 181005. Bancorp Investments. But keep in mind that the bank waives this fee if you maintain a minimum daily balance of at least $3,000, or an average monthly balance of $5,000. The move comes after SBI faced. Only 2% of checking accounts were free, and hurdles to waive fees were high compared with all banks: a median minimum balance of $5,000 or direct deposit of $500 a month. And, Ally reimburses your first $10 in ATM fees each month. While the Ally Bank Online Savings Account does not have every feature, it has a solid combination of high yield, no fees, low minimum balance, and technical prowess. In 2017 Ally Bank introduced their Price Match Guarantee. (There is. Get more from your bank with Ally Bank coupon codes. Ally Bank is a direct bank in the U. 35% and does not require any minimum deposit to open. “Look for an account with no minimum balance, no monthly fee and the ability to link your savings to checking for overdraft protection. 00% APY for a minimum daily balance of $25,000 and a 0. Ally Bank offers 2. Not all applicants will qualify for 1 Ally Online Auto Loan Application last update 2019/11/04 the 1 last update 2019/11/04 full amount. It doesn’t require a minimum balance to open, nor does it charge a monthly or annual maintenance fee. They serve more than 4 million customers through approximately 18,000 auto dealers nationwide. If you look a little closer, you'll.