Free Checking and Interest Checking: What Do They Mean?
Being smart with your money means avoiding unnecessary fees. So, it makes sense to look for a checking account that doesn’t nickel and dime you for standard services — and even better, one that actually pays you interest on your balance. But does that mean you have to choose between an account with fewer fees […]
6 Benefits of Online Checking Accounts
You can’t remember the last time you had actual cash in your wallet, let alone a paper checkbook. And digital wallet apps make sending and receiving money as easy as a swipe on your phone. So, do you still need a checking account these days? The answer is: yes. Checking accounts remain a personal banking […]
6 Ways to Avoid Checking Account Fees
Of all the banking pet peeves people have, one of the biggest has to be paying fees. From overdraft fees to ATM fees to maintenance fees, no one wants to shell out money when they don’t have to. Take a close look at your last few bank statements and see what you paid in extra […]
Open a Checking Account Online in 3 Simple Steps
Checking accounts give you the most flexible access to your funds of any deposit account. That means you can use a checking account to pay bills, make transfers, conduct debit card transactions, and more. But did you know you can open a checking account online in just a few minutes? Here’s how in three simple […]
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 […]
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 […]
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 […]
The Impact of Checking Account Fees
In order to understand how interest-bearing checking really works to your advantage, you need to understand the fees involved. Even fairly modest checking account fees can significantly offset your interest earnings, or wipe them out altogether. "Everyone needs to watch out for fees," explains Andrew J. Feldman, president and founder of A.J. Financial in Chicago. […]
Choosing a Checking Account
Which interest-bearing checking account is right for you? At Ally Bank, we feel that opening a new online checking account should be an easy decision. But as with any financial decision, it's smart to do some homework before you make your final choice. You can start the process of choosing a checking account by asking […]
Solidify Your Financial Strength
A well-balanced financial portfolio should include a mix of savings options across various “asset classes.” This not only allows you to benefit from rising values and be protected against market downturns, but by allocating your savings among different classes, you can substantially reduce the worry that comes with investing in only one type of asset. […]
