Aw shoot, you just missed it. You can't enroll but you can learn more about our referral program if you scroll down.
Welcome! You’ve got a good friend looking out for you – they heard you’re not banking with Ally and they want to change that! With Ally, you can enjoy great rates and tools to help you grow and manage your savings better.
As your financial ally, your financial wins and goals are just as important to us as they are to you. Plus, there’s a bonus: you and your friend can earn some easy money when you join. It’s a win-win for everyone.
Get up to $125 in 3 easy steps.
Step 1.
Enroll and open a new Ally Bank Savings Account by 3/1/2024.
It’s too late to open an eligible account for the referral program; enrollment ended 3/1/2024. If you already enrolled in the program and opened your Savings Account less than 30 days ago, there's still time to complete the remaining steps.
Note: If you were an Ally Bank customer before enrolling, you won’t be eligible to earn the cash bonus and your friend won’t get a referral reward.
Step 2.
Fund and build your Savings Account balance.
Bring in up to $25,000 of new money from another financial institution to your newly opened Savings Account by 3/25/2024 to get a 0.50% cash bonus applied to your balance. You can make multiple funding transactions between the account opening date and 3/25/2024.
A higher balance means a bigger cash bonus, up to $125! If your account has over $25k, only the first $25k will qualify for the cash bonus. The surplus money will still earn a great rate but will not qualify for the reward.Notes: Your first funding transaction needs to be within 30 days of opening your Savings Account, or else the account will automatically close. There’s no minimum amount required to fund your account. FYI: Transfers can take up to 3 business days to post.As long as all eligibility requirements are met, your friend will receive $50 for inviting you after you fund your account (if they haven’t maxed out their referrals). Hooray!
Step 3.
Kick back and watch your money grow.
Maintain a balance of up to $25k (or more) in your account through 7/15/2024 to earn the 0.50% cash bonus on the first $25k, up to $125.
Notes: Your cash bonus is calculated based on the total daily ending balance that will be in your Savings Account on 3/25/2024. That balance is your “Retained Eligible Money”.Withdrawals made from your Retained Eligible Money during the 3/25/2024 to 7/15/2024 window may reduce your bonus. If you meet all of the eligibility requirements, you’ll get the 0.50% cash bonus, up to $125, no later than 7/31/2024.
Other things to keep in mind:
Transfers can take up to 3 business days.
- Your friend will receive $50 for inviting you after you open and fund your Savings Account.
- If your account has over $25,000, only the first $25,000 will qualify for the 0.50% cash bonus. The surplus money will still earn a great rate.
Still have questions? Read ourandFAQs
Banking is better with an ally.
Our mission is in our name. We believe banking should always have your best interests in mind. That’s why our accounts have no hidden fees, offer smart tools and come with helpful features.
Use the interest from our Savings Account to your advantage.
%
Annual Percentage Yield (APY) On all balance tiers
Enjoy a competitive rate that compounds daily. The more you save, the more you earn.
Get our competitive APY, plus a temporary 0.50% cash bonus (valid 3/29/24 to 7/15/24) on the new money you bring in to earn more interest on your cash.
There are no monthly maintenance fees or minimum balance requirements - ever.
Organize and optimize your savings with Ally Bank.
Savings buckets can help you organize your savings and prioritize what's most important to you.
Boosters like Surprise Savings analyze a linked checking account for safe-to-save money and automatically transfers it to your savings.
Activate round ups to save your spare change from every Ally Bank Spending Account checking transaction. It'll round up your totals to the nearest dollar, to $5 max, then transfer the money to your Savings Account.
No minimum balance is required to open an Ally Bank Savings Account or earn APY. APY is variable, subject to change, and is accurate as of
03/04/24. Fees may reduce earnings.
FAQS
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