Online Checking Account from Ally Bank

Ally Bank, which has always been known for their best savings account, has a new Ally Bank Interest Checking Account which offers unlimited ATM rebates. So not only do you not get charged by Ally bank when using an ATM, but Ally also rebates you the fees charged by the ATM.

In addition to the free ATM usage, you get free checks and unlimited check writing. The interest rate is dependant on the amount of money you have on deposit, for balances less than $15,000 you will earn .05% APY and for balances $15,000 and greater you will earn 1.05% APY. (Rate as of 03/19/2010) The account also offers free Online banking and Bill Pay as well as free overdraft protection. Ally Bank has an ACH feature where you can transfer money in and out of your linked accounts for free and you can also set up direct deposit if this is going to be your main checking account.

All of this with absolutely no fees or minimum balances. This isn’t even an Ally Bank Promo! The ATM rebates alone can save you quite a bit of money if you tend to use ATM’s often throughout the month. For those of you that are sick and tired of being gouged by fees from other banks and the dismal interest rates that they offer, this is definitely an account that can help you save.

Check out the Ally Bank Interest Checking Accountpage for more details.