Online Banking

What Is APY and What It Means for Your Savings

Have you noticed banks quoting their “APYs” and wondered what that means? APY stands for annual percentage yield. Banks are required to prominently display this rate for their deposit accounts, like savings accounts and certificates of deposit (CDs). APY gives you the most accurate idea of what your money could earn in a year and […]

Savings Accounts

How to Create a Fall Savings Plan

As summer turns to fall, the weather may be cooling down but spending may be warming up. Back to school season is looking a little different this year and costing families a little more (almost $1,000 on average). And that’s only the beginning. ‘Tis the season to pencil in some fun fall activities as a […]

Online Banking

Are Online Banks Safe? 5 Security Tips for Banking Online

In recent years, I’ve seen online banking become more and more popular because it’s convenient, user-friendly and intuitive. So many folks are switching from ATM deposits to mobile check deposits and from checkbooks to easy-to-use apps that allow them to check their balance or even use their phone to make payments. But with cyberattacks on […]

Checking

What Are Overdraft Fees? And How Can You Avoid Them?

Let’s say you’re eyeing a $500 couch, but you only have $400 in your checking account. What happens when you swipe your debit card? You may still be able to make the purchase. But there’s a catch: You could incur an overdraft fee.   What Is an Overdraft Fee? If you attempt to spend more […]

CDs

What is a CD: Answering Your Top 10 Certificate of Deposit FAQs

With all the talk of interest rates, economic forecasts and more, you might feel a little stuck when it comes to your money. But no matter the market, one thing you can count on is that saving is always a good idea. And while they may not grab headlines, certificates of deposit (CDs) remain one […]

Online Banking

How To Put Your Money to Work While You Vacay

Just because you’re on vacation doesn’t mean your money should be. With a little prior planning and a lot of automation, here’s how you can make your money work hard for you while you’re hardly workin’. Set up direct deposits to savings On PTO? Make sure your money still hits your savings account. Rather than […]

Savings Accounts

Set Financial Goals for Your Important Life Moments

You have big hopes and exciting dreams for your life, from throwing a memorable wedding, furnishing your dream home, or financing a new car. An important step to achieving these special moments is simple, really: Setting concrete goals. Financial goal setting doesn’t have to be overcomplicated — here’s how you can do it yourself and […]

Online Banking

Your Ally Checklist: Everything You Need to Open a Bank Account

Whether you’re opening a bank account at a digital-only bank or with a financial institution that has physical branches, today’s technology has streamlined the process — reducing it to mere minutes. Being ready with the right information (and a few important documents on hand, should additional confirmation be required), you’ll be equipped to open a […]

Savings Accounts

Your Fundamental Guide to Emergency Fund Savings

While you can’t plan for every possible “what if,” you can put your best financial foot forward and be prepared, should an unexpected occasion arise. That’s where an emergency fund comes in: to protect you when unanticipated costs come a-knocking. So you’re ready, we’ve assembled a quick overview of all things emergency fund — what […]

CDs

Secure Your Savings With a CD

With all the talk of interest rates, economic forecasts, and more, you might feel a little stuck when it comes to money. But no matter the market, one thing you can always count on is that saving is a good idea. And while they may not grab headlines, certificates of deposit (CDs) remain one of […]

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