Opening a savings account is a prudent financial decision as it can help you grow your money to meet various financial goals. Even if you have one savings account already, it may be a good idea to open another savings account to keep your funds separate for different purposes. For great interest rates, convenience or customer service, check out online banks. Online banks like Ally Bank generally offer more competitive rates than their brick and mortar counterparts, according to Bankrate.com. A few things to consider when opening another savings account:
Competitive interest rates.
Bankrate.com and other online comparison sites can help you find a bank that offers the highest online interest rates at any given time. Those higher rates can help you maximize your earnings to manage debt or save for the future. Just be sure to watch out for introductory rates that fall below average later on.
Flexibility of access.
Find out if you can directly deposit money from paychecks or other sources to fund the account or transfer money from existing accounts. Check out the website to be sure it’s easy to use and makes it simple to access and manage your account. Make sure you can get in touch with a live customer service agent when you need to.
Terms and conditions.
Be sure to check all the terms of the account you’re considering. These include minimum balance requirements, withdrawal limits, fees, and so on.
With an Ally Bank Online Savings Account, you can open and fund with any amount and earn some of the most competitive interest rates in the country. We don't charge monthly maintenance fees and your deposits come with the security of being insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law.
Learn more at Allybank.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.