To find the best savings account online for you, you need to know your financial goals. What do you want to accomplish with your savings? The "best" account isn't just about rates or minimum opening deposits. The best account is the account that works best for you.
Start by searching the Internet for banks and their rates. You can check out websites like Bankrate.com, an online company that aggregates interest rate information from a number of financial institutions. But don't stop there.
Isn't Interest the Most Important Thing? Interest rates are important, because you want to earn as much as you can. But they are just part of the picture. Other things to consider include:
- How much does the bank require to open an account?
- Will you need to maintain a minimum balance?
- Are there monthly fees?
Also be sure you are comparing annual percentage yields (APYs). This number takes into account how often the bank compounds interest and makes side-by-side rate comparisons easier.
What About the Bank I Choose? When looking for the best savings account online, you also should check out the bank itself—its reputation, customer service, and website. Ally Bank offers some of the most competitive rates in the country. You can open and fund an account with any amount. Our website is easy to navigate and we offer live 24/7 customer care.
Learn more about how Ally Bank can help you find the best savings account and accomplish your financial goals at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.