Checking

How Do Interest-Bearing Checking Accounts Work?

You know the trusty sidekick every superhero has? The one who does all the work and gets none of the glory? Chances are, that’s how your checking account functions in your personal banking strategy. But what if we told you there’s a way to earn interest without all the transaction limitations that come with savings […]

Checking

Explore Your Options: Compare Checking, Savings, and Money Market Accounts

You have a lot of options when it comes to managing your everyday banking needs. And while you likely know a bit about them, a side-by-side comparison of the most common types of accounts may help you choose which ones are best for you. Checking, savings, and money market accounts have some similarities, but their […]

Online Banking

What Is a Trust? 5 Things to Know Before You Get Started

Trusts have long been thought of as an inheritance tool meant only for the super wealthy, thanks to the “trust-fund baby” stereotype in Hollywood movies. But, you don’t have to be a Hilton, Kardashian, or Richie Rich’s parents to set up a Trust. Anyone who wants to leave precise instructions on how their assets should […]

Checking

Five Things to Know About Interest Checking Accounts

If you’re like most people, your checking account does the heavy lifting when it comes to everyday banking tasks. It’s the account you use to pay bills and conduct most of your transactions. As long as money’s going in and bills are going out, it’s easy to overlook this essential banking basic. But it may […]

Money Market

5 Ways to Find the Best Money Market Rates

Needing flexible access to your savings shouldn’t mean getting short shrift on interest returns. With a little homework, you can find a money market account that keeps your money safe, gives you flexible access, and offers a competitive interest rate to help your balance grow. However, you don’t want to rush out and open whatever […]

IRA

7 Common IRA Mistakes and How to Avoid Them

It’s never too early to start saving for retirement — and it’s certainly never too soon (or too late) to get familiar with your savings options. But knowing the basics surrounding the tax advantages of your Individual Retirement Account (IRA) can be difficult. After all, who understands all 73,000+ pages of the United States tax […]

Money Market

Are Money Market Accounts Safe?

If you’re like most people, the safety of your cash deposits is priority number one. So how do you make sure your money is secure? What if you want to earn some interest at the same time? Besides the old savings account standby, there are other safe places to save that you may want to […]

Money Market

How Money Market Accounts Work and Why You Should Open One

When it comes to earning interest on your money, savings account aren’t the only game in town. Money market accounts are one of the most popular savings options, and if you aren’t familiar with their features, it’s probably time to learn more. So how does a money market account work? Here’s a primer on this […]

Savings Accounts

Your Financial Buoy: Build an Emergency Savings Account

Are you a glass half-full type of person? Always assuming that things at your job will work out, your family will stay healthy, and your car will last another decade? Even if you are an optimist, it’s important to take a tip from the Boy Scouts and be prepared. After all, companies downsize, people get […]

Savings Accounts

Put Your Savings on Autopilot: How to Set Up Recurring Deposits to Your Ally Bank Online Savings Account

Why is it that spending is just so much easier than saving? Even though we know it’s something that will benefit us, saving can just seem so tedious. And when you’re trying to be smart with your finances, there can be a lot of to-dos: paying bills on time, managing retirement contributions, keeping credit cards […]

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