Online Banking

What Compound Interest Means for Your Savings

Remember that old movie line, “I wish I had a dime for every dime I had”? Whether you’re adding money to a high-yield savings account or socking it away in a certificate of deposit (CD), you want it to grow. That’s where compound interest comes in. It’s a simple—yet powerful—tool for making your dollars and […]

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 […]

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 […]

Online Banking

5 Reasons Why Online Banking Is a Smart Switch

You probably do much of your banking online already—regardless of the type of bank you use. So what’s stopping you from enjoying all the benefits of an online-only bank? Although online banks have a lot in common with their brick-and-mortar counterparts, there are a few key features that could tip the scale for you in […]

Online Banking

5 Things the Best Online Banks Have in Common

Now that you’ve decided to take advantage of the benefits of online banks, it’s time to choose the right one. Although doing business with an online bank has the potential to maximize your earnings and streamline your financial life, not all online banks are created equal. Here’s what to look for as you evaluate your […]

Online Banking

How to Create Secure Passwords (You’ll Actually Remember)

Managing an endless stream of passwords is now a fact of modern life. It’s easy to get complacent and oh so tempting to keep using the same one on repeat. But experts warn that strong passwords are key to keeping your personal information safe. It’s time to commit to creating secure passwords for all of […]

Online Banking

Identity Theft: How to Detect Fraud and What to Do Next

No one wants to become a victim of identity theft. But if it happens to you, be prepared to take action. In addition to following precautions to protect your identity, you need to know how to spot fraudulent activity and take action if you suspect your personal information has been compromised. How to spot suspicious […]

Online Banking

8 Ways to Protect Your Financial Identity Online

A little self-defense can go a long way toward protecting yourself against identity theft. You may not realize it, but shopping, banking, working, and connecting with friends online are all activities that may allow unwanted individuals to collect information about you. Fortunately, there are things you can do to protect yourself. Take the following steps […]

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