The Review
Ally Invest is the brokerage arm of Ally Financial, one of the best online banks in America. The platform offers commission-free stocks, ETFs, and options trading alongside Ally's high-yield savings accounts, CDs, and mortgage products. For investors who want banking and investing under one roof without the complexity of a mega-bank, Ally is the answer.
The trading platform is straightforward — not as powerful as thinkorswim or IBKR, but more than adequate for most investors. Options trading at $0.50 per contract is competitive. The robo-advisor portfolio (Ally Invest Robo Portfolios) charges no advisory fee and no minimum, making it one of the cheapest automated investing options available.
Ally's real strength is the banking side. Their savings account consistently offers one of the highest APYs in the industry, and having instant transfers between savings and brokerage means your cash is always earning maximum interest until you are ready to deploy it.
Why It Ranks #27
The best combined banking and brokerage for online-first investors. Ally's high-yield savings, no-fee robo-advisor, and commission-free trading create a simple, cost-effective financial hub.
Key Stats
11M+
Banking Customers
Top-tier
Savings APY
$0
Robo Advisory Fee
$0.50/contract
Options Cost
Key Features
Fun Facts
Frequently Asked Questions
What is Ally Invest?
Ally Invest is the brokerage arm of Ally Financial, one of the best online banks in America. The platform offers commission-free stocks, ETFs, and options trading alongside Ally's high-yield savings accounts, CDs, and mortgage products. For investors who want banking and investing under one roof without the complexity of a mega-bank, Ally is the answer.
How much does Ally Invest cost?
Ally Invest pricing: Free | Options: $0.50/contract | Robo Portfolio: $0 advisory fee. It is best for Online Banking Customers Who Also Invest.
Why is Ally Invest ranked #27?
The best combined banking and brokerage for online-first investors. Ally's high-yield savings, no-fee robo-advisor, and commission-free trading create a simple, cost-effective financial hub.
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