Accounts with a minimum daily balance above $15,000 get a 0.25% APY, and those underneath that threshold earn at 0.10%. Ally provides its Spending Account to help you do just that, while simultaneously maintaining an ability to earn interest. Most banking customers accompany their savings accounts with a checking account. You won’t pay any monthly maintenance fees with the Online Savings Account either. This is a rare perk for a savings account, especially considering Ally offers an above average 4.25% APY with daily compounding interest. There’s no minimum initial deposit required to become an account holder. Finding a good savings account is easier said than done, but Ally’s Online Savings Account makes things much simpler.
