MIDVALE, Utah, Oct. 24, 2014 -- Ally Bank, the direct banking subsidiary of Ally Financial Inc. (NYSE: ALLY), has been named "Best Online Bank" by Kiplinger's Personal Finance magazine as part of its annual "Best List" (December 2014) cover story. Each year, Kiplinger's chooses the top products and services in categories such as stocks, credit cards, travel, cars and more, including banks and deposit accounts.
In this year's roundup, Ally Bank was cited for "no minimum balance or monthly fees on its checking and savings accounts." The Bank was also recognized for reimbursing "all ATM fees that other banks charge [nationwide]," and Kiplinger's suggests to "use the bank's mobile app to deposit checks remotely."
"We work hard to build loyal customer relationships by offering great rates, no hidden fees and award-winning customer service, and it is rewarding to have those efforts recognized with the 'Best Online Bank' title by a leading consumer finance publication such as Kiplinger's Personal Finance," said Diane Morais, Ally Bank Deposits and Line of Business Integration Executive.
Kiplinger's Personal Finance is a monthly magazine known for its clear and concise advice on managing money and achieving financial security. The publication has recognized Ally previously, naming Ally Bank last year as best bank for "no-fee accounts" for having no maintenance or minimum-balance fees for checking and savings accounts. In its December 2012 "Hits and Misses" cover story, Ally was named as an Online Bank "hit" for its savings and money market accounts.
About Ally Bank
Ally Bank is a direct bank in the U.S. that offers a straightforward approach to banking with no minimum deposits, no monthly fees and 24/7 live customer service. A subsidiary of Ally Financial Inc., the bank offers online savings, interest checking, money market accounts, certificates of deposit with terms ranging from three months to five years and IRA Plans and products. Follow us on Twitter @allybank or at facebook.com/allybank. Member FDIC. For more information, visit the Ally media site at http://media.ally.com or on Twitter, @ally.