When you think of bank rates, savings accounts may only come to mind as offering low interest rates across the board. But not all savings accounts are created equal. To grow your money while keeping it secure, high-yield savings accounts can be among your smartest options.
Gauging Your Interest
A high-yield savings account should help you put your cash to work while preserving its balance with the safety of FDIC insurance. Savings rates from different financial institutions can easily be compared at sites like Bankrate.com or by checking directly with each bank. At Ally Bank, we offer an RSS feed to help you stay updated on the rates we offer, and you can also compare all our rates alongside those of our competitors by clicking the “compare” tab from any product page.
Keeping Your Interest Rates Competitive
Online banks like Ally Bank operate don’t have the overhead of maintaining physical branches, so they can pass on the savings to you in the form of great rates. The Ally Bank Online Savings Account offers rates that are frequently among the most competitive available in the country.
Saving for the Long Haul
For your retirement savings goals, Ally Bank offers Individual Retirement Account (IRA) options so you can receive tax advantages while saving toward your future security. Always consult with a finance professional familiar with your personal situation before making IRA transactions.
Whatever your savings goals, Ally Bank is here to help. Explore our savings products and more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.