Update: Your Money Market Account rate is increasing from 3.40% to 3.50% Annual Percentage Yield (APY) on all balance tiers. Your new APY goes into effect on 2/24/2023, and will appear in your account on 2/25/2023.
Update: Your Online Savings and Money Market Account rates are increasing from 2.75% to 3.00% Annual Percentage Yield (APY) on all balance tiers. Your new APYs go into effect on 11/22/2022, and will appear in your account on 11/23/2022.
Don't miss out!!!!
Online Savings Account Annual Percentage Yield (APY) 2.35% On all balance tiers APY is accurate as of 10/22/2022. No minimum balance to open. Rate is variable and may change. Fees may reduce earnings.
Your money works harder with us. We know your money's not going as far as it used to. That's why, for a limited time, we're offering a 1% cash bonus – up to $500 — on money moved to an eligible Ally Bank account. Because when it comes to staying on top of your finances, we're all better off with an ally. If you open an Online Savings Account, you’ll also get a 2.35% Annual Percentage Yield — more than 10x the national average — on top of your 1% cash bonus. If you’re not interested in a savings account, our Money Market Account and CDs are eligible too.
Already have an eligible Ally Bank account? Enroll here.
Get your bonus in four quick steps.
Open an account by 10/26/2022 Get things started by opening an account with offer code GETPAID.
Fund your account by 11/4/2022. Move at least $1,000 from another financial institution to a new or existing eligible Ally Bank account. Remember, transfers can take up to three business days.
Keep money in your account through 1/15/2023. Your new money must remain in your eligible Ally Bank account through 1/15/2023. Keep in mind, any withdrawals made during this time may reduce your bonus.
Get your cash bonus on or by 2/15/2023. Get a 1% bonus on the money you moved, up to $500.
Just a few more details.
Cash bonus applies to new money added to an eligible Ally Bank account, not your total balance
Your new money must remain in an eligible Ally Bank account: Online Savings, Money Market or a CD. What's not eligible?
Minimum cash bonus is $10 ($1,000 deposit), maximum is $500 ($50,000 deposit)
Ally Bank's Online Savings Account and Money Market Account have an Annual Percentage Yield (APY) of 2.35% on all balance tiers. No minimum balance is required to open. APYs are variable, subject to change, and accurate as of 10/22/2022. Fees may reduce earnings. View Ally Bank's CD rates
For more details, check out our terms and conditions. Deadlines are subject to change.
A bonus plus a great rate. Open an account to get it all.
Offer code: GETPAID
Already have an eligible Ally Bank account? Enroll here
FAQs.
We have answers.
For more information, visit our Terms & Conditions.
What account(s) are eligible?New or existing Online Savings accounts, Money Market accounts, and CDs at Ally Bank are eligible for the Cash Bonus. If you have more than one of these accounts, we'll consider all of them when calculating your bonus. Remember, the total maximum bonus you can receive is $500.
What account(s) are excluded?Any account other than an eligible account, including but not limited to Interest Checking accounts, Individual Retirement Accounts (IRAs), accounts owned by a trust, custodial accounts, Uniform Gift to Minors Act (UGMA) accounts, and Uniform Transfers to Minors Act (UTMA) accounts and other fiduciary accounts at Ally Bank or any other financial institution, aren't eligible for the Cash Bonus. New money you add to these excluded accounts—or money you move from these excluded accounts to your eligible accounts—won't qualify for the bonus.
What do I need to do to get the cash bonus?
If you plan on transferring new money to your existing eligible Ally Bank account, you must enroll here by 10/26/2022.
If you plan on opening a new eligible Ally Bank account, you must use the offer code GETPAID during account opening by 10/26/2022. Learn more here.
Once you have enrolled or opened a new eligible Ally Bank account, move at least $1,000 from an account at another financial institution to your eligible Ally Bank account by 11/4/2022. You will then need to maintain the funds in your account through 1/15/2023.
How will my cash bonus be calculated. We'll calculate your bonus using the net new funds—the total of any net new funds deposited to your eligible accounts during the funding period- minus any withdrawals you make in your eligible accounts during the retention period. (In other words, transferring funds out of Ally Bank and then back in won't increase your Cash Bonus amount.) Your new money must remain in your eligible accounts continuously through 1/15/2023—any withdrawals from an eligible account at Ally Bank before then may reduce your Cash Bonus. We'll round your Cash Bonus payout amount up to the nearest dollar.
Is there a minimum deposit amount required to get the cash bonus promotion?Yes. You must deposit at least $1,000 in new money into an eligible account at Ally Bank by 11/4/2022.
How long do I need to keep new money in my account?To receive the cash bonus, you must keep your new money in your Eligible Accounts continuously through 1/15/2023—any withdrawals from an Eligible Account at Ally Bank before then may reduce your Cash Bonus.
How do I know I was successful in enrolling in the cash bonus?If you enrolled on ally.com/customer-getpaid, you will receive a Cash Bonus enrollment confirmation email same day, sent to the email address you submitted in the enrollment form. If you opened a new, eligible Ally Bank account with offer code GETPAID, you will receive a Cash Bonus account opening confirmation email 2-3 days after you open your Ally Bank account.
When will I receive my cash bonus?
What if I have a joint account?
What if I convert my account into a trust or IRA during the cash bonus promotion?
The rate of our Online Savings Account is more than 10x the national average of 0.21% APY, based on the national average of savings accounts rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 10/17/2022.
Along with a competitive, variable rate and no monthly maintenance fees, this account comes with tools to grow your money faster. Like any savings account, there’s a limit of six withdrawals per statement cycle, but using our tools won’t count toward those limits.
Use buckets to organize your money and visualize what you’re saving for
Set up boosters to optimize and maximize your savings, even if the rate changes after you open the account
Make changes as new priorities arise
Get personalized recommendations to help you save more
Organize using buckets. Divvy up your savings without multiple bank accounts or hard math. Like digital envelopes, you can dedicate parts of your savings to whatever you want (or want to do). You can create up to 10 savings buckets that will peacefully coexist in your Online Savings Account, plus you’ll still earn interest on your total balance.
Optimize with boosters. Accelerate your savings and put part of your strategy on autopilot. Recurring Transfers Set it and forget it. Move money into your savings on a schedule that makes sense for you. Round Ups We track your Ally Interest Checking accounts for transactions we can round up to the nearest dollar. When you accrue at least $5 in round ups, we transfer it to your savings. More about how it works Surprise Savings We analyze your linked checking accounts for safe-to-save money, then transfer it to your savings so you don’t have to.
No monthly maintenance fees or minimum balance requirements. Keep in mind, with this type of account there’s a limit of 6 withdrawals per statement cycle. Why only 6? Your money earns money with interest compounded daily . Rate is variable and may change after the account is opened, plus fees may reduce earnings. Deposits are insured by the FDIC up to the maximum allowed by law. More about FDIC coverage 24/7 support. Call, chat or email us any time. A real person is always available to help, day or night.
Fees, a short story.
You shouldn't be nickel and dimed for using your own money.
There’s a lot we don’t charge for
Monthly maintenance fees $0
Overdraft item fees $0
Incoming wires (domestic & international) $0
Electronic transfers to your account at another institution $0
Postage-paid deposit envelopes $0
Statement copies online $0
Unlimited deposits $0
and won’t hide the fees we do have.
Returned deposit item $7.50
Excessive transactions fee $10 per transaction
Expedited delivery $15
Outgoing wires (domestic only)$20.00
Account research fee $25.00 per hour
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