<prompt> Human: After some research I think I am going to go with Ally Bank. Its a decent 1 interest compounded daily. I just plan to deposit into the account until I reach my goal and not withdraw unless its obviously an emergency. I was wondering what others experience is with Ally Bank. All of the reviews seem pretty good.  <response>: Ive used Ally for a while and havent had any complaints. Its probably the most common online bank recommendation on this subreddit, though I have seen a few people complain about them.Their checking account is excellent and requires no minimum balance. If you wanted to be able to have immediate access to your emergency fund you could open a checking account at the same time so you have access to paper checks and free atm withdrawals. Transfers between an Ally savings and checking account are immediate. Some people like the fact that accessing their savings account is a bit of a hassle though. 