Ally Bank Recognized as Best Online Bank of 2018 by GOBankingRates

Latest honor marks the 4th straight year Ally Bank is the personal finance website’s top online bank pick

Ally Bank has been named the Best Online Bank of 2018 in GOBankingRates’ annual rankings. In announcing this year’s picks for its Best Banks of 2018 rankings, the personal finance website cited Ally Bank’s combination of superior customer service, diverse offerings, low costs, and high interest rates.

This year, Ally Bank is also ranked in the top ten banks for Best Savings Account and Best CD Account, as well as being named an Editor’s Pick Award in the category of No Fees or Minimums for Savings.

“We’re proud to have been named to GOBankingRates’ Best Banks rankings for the sixth consecutive year, but we are especially honored to be selected as Best Online Bank for the fourth year on a row,” said Diane Morais, president of the Ally Bank subsidiary. “Our focus each and every day is to fulfill our brand promise to have a relentless focus on our customers and ‘Do It Right’ for them. Placing on the Best Banks list again assures Ally Bank customers that our promise rings true, and that we will continue to offer a broader, more diverse and competitive array of financial products and services that support their busy lives.”

To find the best online banks of 2018, GOBankingRates evaluated 28 online banks using a methodology centered on four key factors:

• Checking account fee

• Savings account annual percentage yield

• 12-month CD APY

• BauerFinancial Star Rating for overall financial strength

The rankings also considered whether each bank offered the following services:

• 24/7 customer service by phone

• Live chat service via website with a real person

• Mobile app

• Remote check deposit

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This is GOBankingRates’ sixth annual Best Banks rankings, intended to provide readers with a resource to find the ideal bank for their needs and recognize national banks that provide the most value to their customers. The initiative provides an objective and extensive analysis of the leading financial institutions in the United States, with categories created around the most in-demand and high-value banking features and products.