I use Ally's online savings because they do pay 1%, which seems to be better than most. The only thing I have to pay close attention to is the number of withdrawals and transfers I make in a month. You are limited to six online transactions per month. After six, they asses a $10 penalty, and you get a warning letter stating if you continue to exceed six transactions, they are required to close your account.
You have to read the fine print to determine which transactions count toward the six. Online transfers out of Ally count, but deposits in do not. Manual checks that you ask them to issue for you also do not count. It's mainly the online transfers out of their account that they want to limit.
Sent from my iPad using Early Retirement Forum