Ally Bank review (2026): Top rated online bank with a no-fee model

Ally Bank is a Utah-based online bank known for offering competitive interest rates on its financial products with minimal fees. It was founded in 1919 by General Motors to make car loans to its customers. It changed its name to Ally in 2010 and now offers personal banking products, retirement and investment accounts, and lending services. Ally Bank was ranked as one of our top 10 online banks for 2025. See our full ranking of the 10 best online banks>> Ally Bank product overview Spending account ...