Ally Announces Free Online Checking That Earns .5% APR

Online banking superstar, Ally Bank, recently launched free online checking accounts that also earn a.5% APR on balances up to $15,000. Customers interested in taking advantage of Ally's free online checking account will also benefit from 24/7 customer service (via phone, chat, and email options). Additional perks and terms associated with Ally's free online interest bearing checking account include:

• Balances up to $15,000 earn a .5% APR
• Free checking
• No monthly fees or minimum balances
• Free ATM access
• Free online banking including bill pay, free online check imaging and e-statements
• Standard check book included free
• Incoming wire transfers are free
• Cashier checks are free
• FDIC insured

To qualify for the free online checking account status, accounts must stay in good standing. In certain circumstances, moderate fees will be charged. So examples of behavior associated fees include:

• Insufficient fund fees are only $9 per day (not per transaction)
• Stop payment fees are $15.00 per item
• Returned deposit penalties are$7.50 per item
• Both domestic and international outgoing wires are $20.00
• Rush delivery for items such as debit card or checks is$15.00 per item

Ally Bank's focus isonline banking which lowers the financial institution's overhead and allows them to pass the savings onto the customers.Ally Bank has a history dating back to 1919 as the bank originally operated as GMAC Financial Services. Now the bank is chartered out of Utah and maintain corporate headquarters in Pennsylvania.

Be sure to always be on the lookout for the best checking account rates available. Rates can change daily.

>> Guaranteed Checking Accounts

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.