Ally Bank was named the best online bank for savings accounts by MagnifyMoney.  Ally Bank’s Online Savings Account has one of the highest industry rates and has consistently held a spot on MagnifyMoney’s Best Savings Account list for two years. Plus, there is no minimum to open or retain the account. In addition to its high rates, Ally Bank excels in its online transfer capabilities, a feature that’s often overlooked by other banks. With its quick turnaround and zero to low fees, Ally’s transfer policies make it much easier to access money, especially in case of emergency.

MagnifyMoney Names Ally Bank Best Bank for Savings Accounts