• Ally Bank Canada Savings Account Review

    Ally Bank High Interest Savings Accounts

    Ally Bank offers a great savings account for Canadian banking customers. Ally Bank pays some of the highest interest rates on savings accounts in Canada. To do this, Ally Bank is able to save costs because they are primarily an online bank. Which means you can open an account, check your balances and make transfers online only. Customer support is available 24/7 over the phone or through Ally Bank's online help desk.

    No Fee's No Minimum Balance Needed, and Daily Compounded Interest

    Ally Bank offers high interest savings accounts with absolutely no fee's and no minimum balances. This is rare compared to Canada's larger banks which charge fees on savings accounts unless you have a minimum balance or multiple products registered. Accounts at Ally Bank can be opened easily online with as little as $1. Interest is earned at the going rate, currently 2.0% which is much higher than many other larger Canadian banks. Interest is compounded daily and credited to your no fee savings account monthly.

    All Ally Bank deposits are CDIC Insured and secure.

    Contact: 1-866-247-ALLY (2559)

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