Online banks offer some of the best interest rates in the industry. They also tend to raise a few eyebrows. In most cases, they’re just like any other bank only without physical branch locations. Entirely online, Ally Bank fits this description, with competitive rates and around-the-clock support. Still, many wonder: Is Ally Bank safe? Read on to learn how Ally Bank works, what makes it a safe place to store your cash and how to decide if you should make the switch.
