Online Banking

Don’t Settle for Less: 5 Signs It’s Time to Break Up With Your Bank

As the song goes, “breaking up is hard to do.” That’s true whether it’s a relationship with someone you love, your hair stylist, or even your bank. And it’s even harder when the relationship isn’t bad, per se, but rather, could just be better in certain aspects. You’re probably satisfied with some of the things […]

CDs

Stash Your Cash: How to Build a CD Ladder [Video]

Make your cash work harder in a certificate of deposit–but not just one–ladder your deposits to help diversify your cash investments, reach your savings goals, and get a more secure bang for your buck. What Is a CD Ladder? A CD ladder is built by depositing a sum of money, equally, across multiple certificates of […]

IRA

Even Better Together: When an IRA Goes With Your 401(k)

You may feel pretty good about your retirement plan if you have a company 401(k). And you may even feel great if your employer matches your contributions—because, hey, free money! But if you’re like most people, you still wonder if your savings will keep up with those birthdays. Both 401(k) plans and IRAs are designed […]

IRA

IRA Rollovers: Move Your Money Without Breaking the Rules

If moving your retirement funds around makes you a little nervous, there’s good reason. With many retirement plans, including IRAs and 401(k)s, if you’re not careful, you could end up paying unexpected penalties and additional tax. Understand a few basic rules and consult with a tax professional so you can move your money without making […]

IRA

Your Future of Freedom: 3 Ways to Keep Funds Flowing to Your IRA

That adventurous future you’ve imagined is going to cost money. And opening an IRA (individual retirement account) is a great way to help you save up. But since your IRA won’t fund itself, here are three things you should do to help your retirement savings keep up with your future self. Re-energize your balance. First, […]

Online Banking

APY, APR, and Interest Rates: What You Need to Know and the One Thing You Don’t Want to Overlook

If you try to compare rates on things like auto loans, credit cards, home loans, or savings accounts, you’ll quickly see APY (annual percentage yield) and APR (annual percentage rate) numbers quoted all over the place. In a nutshell, APY refers to what you can earn in interest while APR refers to what you can […]

Online Banking

10 Reasons Why You Get More than a Great Rate at Ally Bank

    How would you rate your current bank? Good is never enough. Satisfactory is not okay with us. Providing you with a great rate is important to us at Ally Bank, but we also believe the best online bank helps you make saving a way of life, too. Here’s why and how we go beyond […]

Online Banking

How APY Works & 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. What […]

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 […]