Ally $100 Savings Bonus (679.2% Effective APY) - 2026 Review
Bonus Tiers & Effective APY
Overview
Ally's $100 savings referral bonus is the easiest savings bonus available. Set up a $20/month recurring transfer for 3 months, and you're done. Total committed: $60. Total earned: $100. No large balance required, no complex requirements — just set it and forget it.
Who This Savings Bonus Is Best For
Everyone. Seriously — there's no reason not to do this one. It requires minimal capital, minimal effort, and minimal attention. Perfect as a background bonus while you work on larger offers at other banks.
How to Maximize This Bonus
Open an Ally Online Savings account through the referral link. Set up an automated recurring transfer of $20 (or any amount) from your external bank account. Let it run for 3 consecutive months. That's it. The bonus posts within 30 days of your third transfer. While your money is at Ally, it earns 3.30% APY — not bad for a set-and-forget account. Ally also frequently runs larger checking bonuses ($300+), so use this referral for savings and save the checking bonus for later.
Pros
Cons
How This Compares to Other Bonuses
Nothing else compares at this effort level. Every other savings bonus requires thousands in deposits. Ally asks for $60. The only downside is the modest $100 payout — but the ROI is technically infinite since you're barely tying up any capital. Do this alongside every other bonus on your list.
Frequently Asked Questions
What is the minimum recurring transfer amount?
There's no stated minimum — even $1/month would technically work. Most people set up $20/month for simplicity.
Can I cancel the transfer after 3 months?
Yes. Once your third qualifying transfer posts and the bonus is credited, you can cancel the recurring transfer and withdraw your funds.
Does Ally also offer a checking bonus?
Yes, Ally frequently offers checking bonuses of $300+ with direct deposit requirements. We recommend using this referral for the savings bonus and doing the checking bonus separately when available.
What if I miss a monthly transfer?
The transfers must be consecutive. Missing a month may disqualify you. Set up the recurring transfer immediately and don't cancel it early.
Related Bonus Reviews
Eligibility
New Ally Bank customers only. Cannot have had any Ally account since 1/24/24. One referral bonus per new customer. Requires 3 consecutive monthly automated recurring transfers.
Fees
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Bonus offers, requirements, and fees are determined by each financial institution and may change at any time. Always verify the current terms directly with the bank before applying. This content is for informational purposes only and does not constitute financial advice.