Ally Bank High Yield Savings 2.05%APY

Ally Bank is offering a high yield savings account at 2.05%APY with interest compounded daily to maximize your earnings. You can even open with nothing or $0 with no minimum balance and no monthly fees. The high yield savings account APY applies only when you make your opening deposit.

Ally Bank, which points online at Ally.com, is formerly GMAC Bank, a subsidiary of GM. The bank is federally insured and so long as your deposit is not way beyond the insurance limit your savings should be fine.

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Tags: ally bank, ally.com, high yield savings