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Fortune
Fortune
Evan Tarver

Ally Bank review: an online-only bank with a wide range of options

The Ally Bank logo. (Credit: Illustration by Fortune; original logo from Ally Bank)

Ally is an online-only bank based in Detroit. It offers a range of financial products and services that include deposit accounts as well as credit cards, investment accounts, mortgages, personal loans, and more. Ally Bank does not have any physical branches or the ability to make cash deposits but it does offer more than 43,000 free ATMs and 24/7 customer service.

This allows it to offer high-yield savings accounts with annual percentage yields (APYs) that top the national average. All rates and fees are current as of July 1, 2024, and are subject to change.

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