When you open a checking account, you may also be given the option of simultaneously opening a savings account. Should you only get a checking account, or would it be better to open checking and savings accounts together?
A savings account might help you better manage your money. If your personal budgeting skills are first-rate, chances are you’ll set money aside to save whether you have one account or two. But if you’re like most people, a little discipline reinforced by the advantages of opening a checking and savings account together will help ensure you start a healthy savings strategy.
Make things even easier on yourself by opening up online checking and savings accounts through an online bank like Ally Bank. By banking online, you’ll enjoy the convenience of being able to manage both accounts at once. You can also transfer money between accounts at any time convenient for you or set up overdraft transfer service.
If you open a checking account and a savings account, extra funds can easily be transferred into your savings account. Many checking accounts earn very little or no interest on the money you deposit, while savings accounts typically earn you a bit more. And when you choose an Ally Bank Online Savings Account and Interest Checking Account, you’ll earn interest at a rate that’s among the most competitive available nationwide, based on rates published by Bankrate.com.
Learn more by visiting Allybank.com or call live, 24/7 customer service at 877-247-ALLY (2559) today.