Ally Bank

Because more consumers switch to online banking, Ally, an internet-only bank, has gotten a lot of attention. Its safe and smooth online platform, not to mention its network of 40,000+ ATMs around the nation that clients may use for free, more than compensate for its absence in physical presence.

Ally Bank is a rare find, paying interest on your checking account balance with an annual percentage yield (APY) ranging from 0.1 percent to 0.6 percent. Its savings account pays a high 1.25 percent annual percentage yield (APY), though this rate is changeable, and its one-year CD pays 1.75 percent with no minimum deposit.

Necessary Information:

• Online or In-Branch: Online Only
• Monthly Fees: None
• Free use of more than 40,000 ATMs across the US

Website: https://www.ally.com/