Savings Accounts

The Thing About “High Interest” Savings Accounts

  Although it sounds attractive, the term “high interest” can be misleading. While you shop around for the best rate, it can be hard to keep your facts straight. Here’s what you can expect from so-called “high interest” savings accounts—and an option that may be a better fit for your funds. What is a “high […]

Savings Accounts

How to Open a New Online Savings Account

Here’s something you can check off your to-do list in just a few minutes: open a new online savings account. An online savings account is a secure way to manage and access your money—while you earn interest. And opening one couldn’t be easier. 1. Choose a reputable online bank Virtually all online banks offer some […]

Savings Accounts

Money Market Accounts vs. Savings Accounts

First of all, be proud of yourself—your money-savvy habits have paid off and now you have some savings to set aside. You have plenty of choices when it comes to managing that hard-earned cash. Two of the most common places to deposit your savings are money market accounts and savings accounts. While these two types of […]

Savings Accounts

CDs vs. Savings Accounts: Understanding the Difference

You already know that saving money is critical to meeting your financial goals, but choosing the right type of bank account is just as important. Although there are many kinds of accounts, two of the most common ways to save are certificates of deposit (CDs) and savings accounts. Understanding the key features of each type of […]

Savings Accounts

Online Savings Accounts: 5 Tips for Making the Most of Your Savings

  You already manage so much of your life online, it just makes sense to manage your finances online, too. An online savings account can be a great way to save money and make progress toward your financial goals. Take a look at these 5 tips for making the most of your savings.   1. […]

IRA

What Is a Roth IRA? Get to Know This Retirement Savings Option

You’ve heard about Roth IRAs, but do you have a nagging feeling you need to learn more? Roth IRAs are some of the most valuable retirement savings tools available—especially if you start contributing early. Here’s what you need to know. Roth IRAs can help you save for retirement. IRAs (individual retirement accounts) in general are […]

IRA

What Is an IRA? 8 Things to Know Before You Open an Account

IRA stands for individual retirement account and that’s exactly what it is—an account that allows you to set aside money for retirement. Whether you’re putting together a new retirement plan or reevaluating the one you’ve got, it pays to consider how IRAs can factor into your overall strategy. Here are a few things to know […]

CDs

Earning a Reasonable Interest Rate – Savings Ins and Outs (Part 2)

The truth is, there's no need to settle for a meager annual percentage yield (APY) when it comes to savings. You can look beyond traditional banks to find rates that will put your savings to work for you. The case for savings. A savings account keeps your money at your disposal to withdraw when you […]

Online Banking

Internet Banking

Although most banks provide some kind of online access, not all banks can give you the user-friendly experience of banks designed specifically for convenient online bank products and services. At Ally Bank, for example, we offer a variety of savings products, all with features that help your money work its hardest. You can set up […]

CDs

How to Save Money: Grow Your Money in CDs

You know saving is important, and you know you want your savings to earn a great rate. So, where do you start? You may want to check out certificates of deposit (CDs). CDs are a common way to keep your principal safe while earning interest—sometimes at a higher rate than money market or savings accounts. […]