MIDVALE, Utah, Oct. 27, 2015 -- For the second consecutive year, Ally Bank, the direct banking subsidiary of Ally Financial Inc. (NYSE:ALLY), is featured as the "best" online bank by Kiplinger's Personal Finance magazine in its "The Best List" cover story. The article appears in Kiplinger's December 2015 issue, on newsstands November 3, which highlights the publication's top picks in categories such as stocks, credit cards, travel, cars and more, including banks and deposit accounts.
The Kiplinger's recognition mentions Ally Bank's Interest Checking Account, which reimburses up to $10 per statement cycle in out-of-network ATM fees and pays up to 0.6 percent Annual Percentage Yield on balances over $15,000. The article also mentions that the bank's savings account, money market deposit account and CDs "also pay healthy rates".
In 2014, Ally was cited "for no minimum balance or monthly [maintenance] fees on its checking and savings accounts", a practice it continues today.
"More than ever, consumers have a variety of competitive choices when selecting a bank, so we are pleased to be recognized again this year as the 'best' online bank by Kiplinger's Personal Finance magazine," said Diane Morais, chief executive officer and president of the Ally Bank subsidiary. "The fact that Kiplinger cited both our checking and savings products underscores that Ally Bank provides a 'one-stop' banking experience, where consumers can establish a relationship for their day-to-day needs as well as their longer-term savings goals."
Ally's Interest Checking, Online Savings and Money Market accounts, as well as Ally Certificates of Deposit, offer a number of features and benefits that make them a compelling value, including:
- Competitive rates
- Interest compounded daily
- No minimum deposit; no monthly maintenance fees
- 24/7 live customer care, by phone or chat
- FDIC Insurance
- Mobile Banking for six devices: iPhone®, iPad®, Windows Phone®, Kindle® and Android™ phones and tablets
Kiplinger's Personal Finance is a monthly magazine known for its clear and concise advice on managing money and achieving financial security. Kiplinger's can be visited online at www.kiplinger.com.
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 maintenance 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.