CDs

7 Ways Our Raise Your Rate CD Can Help You Boost Your Savings

Saving money in a certificate of deposit (CD) can be a smart way to keep yourself from dipping into it prematurely. It’s like putting a lock on the cookie jar to keep you from being tempted. But one catch with traditional CDs is that fixed interest rates may cause you to miss out—if CD rates […]

IRA

4 Reasons Why a SEP IRA Could Be a Boon for Small Business Owners

Whether you’re running a salon, writing a blog, or perfecting woodwork on a new home, the responsibility for your small business is all up to you. A SEP IRA (Simplified Employee Pension Individual Retirement Account) is a retirement savings tool designed for self-employed individuals and small business owners. Any small business owner with one or […]

Savings Accounts

How Inflation Impacts Your Savings and What You Can Do About It

Grandpa was right; a loaf of bread did cost 10 cents several decades ago. (As for walking to school uphill both ways in a snowstorm, that’s debatable.) But bread doesn’t cost 10 cents anymore, and even if you’re not an economist, you probably know it’s because of inflation. How does inflation affect your savings? And, […]

Savings Accounts

Do You Need to “Save” Your Savings Account? Answer These 2 Questions to Find Out

You know it’s coming. The low punch in the gut every time you look at what your savings account balance actually earned throughout the month or year. You deserve to feel the lift that comes with watching your balance grow. Answer these two questions to find out if you need to “save” your savings from […]

Savings Accounts

How to Put Your Savings Deposits on “Cruise Control” (So You Can Enjoy the View)

Do your best saving intentions have a way of ending up at the bottom of your list? Like that extra $200 or so you had planned to save on payday. Before you even had a chance to schedule a transfer, it was gone with the wind, say, on a spontaneous weekend road trip. You know you […]

Savings Accounts

Money-Saving Mindset: 7 Things to Know About the Ally Bank Online Savings Account

What is your savings account doing for you? If it’s simply a place to stash your cash and your balance is earning little to nothing, it might be time to reconsider your options. At Ally Bank, we believe the right savings account is more than just an online piggy bank. It goes beyond great rates […]

IRA

Roth IRA vs. Traditional IRA: How to Choose the One Best for You

IRAs­ can be valuable to your overall retirement plan due to their tax advantages. For the most part all you need is taxable income to get started. So how do you decide which is best? Compare Roth and traditional IRAs side by side.   While there are several types of IRAs, the most common by […]

Online Banking

5 Reasons Why Online Banking Is a Smart Switch

You probably do much of your banking online already—regardless of the type of bank you use. So what’s stopping you from enjoying all the benefits of an online-only bank? Although online banks have a lot in common with their brick-and-mortar counterparts, there are a few key features that could tip the scale for you in […]

Online Banking

5 Things the Best Online Banks Have in Common

Now that you’ve decided to take advantage of the benefits of online banks, it’s time to choose the right one. Although doing business with an online bank has the potential to maximize your earnings and streamline your financial life, not all online banks are created equal. Here’s what to look for as you evaluate your […]

Online Banking

Identity Theft: How to Detect Fraud and What to Do Next

No one wants to become a victim of identity theft. But if it happens to you, be prepared to take action. In addition to following precautions to protect your identity, you need to know how to spot fraudulent activity and take action if you suspect your personal information has been compromised. How to spot suspicious […]