Savings Accounts

Savings Bonds or Money Market Accounts?

A few generations ago, U.S. Savings Bonds were a popular gift (not to mention a lesson in the virtue of saving) for children. Savings bonds still are a popular financial product and provide a good example of a low-risk, fixed-income investment. You receive a regular return, you can invest minimal amounts and you pay no […]

Savings Accounts

Learn the Difference

It's important to know the difference between a money market account (MMA), which is a deposit account offered by banks, and a money market fund (MMF), which is an investment product offered by non-bank financial entities like brokers, mutual fund companies, and so on. A money market account like the one offered by Ally Bank […]

Savings Accounts

Online Bank Accounts Make Accessing Your Money Easy

Online banking has become very popular for many reasons, but mainly for the convenient access and no-hassle account management. Using online banking, you can check your accounts anywhere, any time there is an Internet connection. You can easily access your money to transfer funds online, and with some online banks —including Ally Bank—you can speak […]

Savings Accounts

Create a Sound Debt Reduction & Savings Plan

No matter what's going on in the economy, it's always a good idea to minimize debt and also have enough money to support your daily expenses and lifestyle. A solid debt reduction strategy includes a savings plan. Because money market accounts offer security, flexibility and a way to earn interest on your deposits, these types […]

Savings Accounts

4 Things the Best Savings Accounts Have in Common

Opening a savings account can be a great way to safely park your money while also earning interest on your deposits. If you're looking to find the best savings accounts that banks offer, there are four things you should consider. 1. Annual Percentage Yield, or APY. APY refers to how much interest you earn on […]

Savings Accounts

Online Savings Account That’s All About Saving Money

These days, we're all trying to make more intelligent choices when it comes to our household budgets—and being frugal is part of that. Maybe you've decided to give up your $3 cup of coffee every morning or maybe you've finally cut the cable bill out of your life. It's time to make some intelligent choices […]

Savings Accounts

How to Use an Online Savings Account to Pay for a Wedding

A wedding is one of the most important celebrations in life, but it can also be one of the most expensive. More than a few brides have faced that stressful question, "how do I pay for my wedding?" And although a large wedding budget doesn't necessarily guarantee success, saving money is an essential part of […]

Savings Accounts

Family Saving, Part 2: A Mom’s Guide to Saving

If you're a mom, you know better than anyone that running a household is a lot like running a business. In addition to managing all the “employees,” you're often called upon to help keep household costs down the same way you would with a business. With all that in mind, we've gathered these three basic […]

Savings Accounts

What’s the Appeal of an Ally Bank Money Market Account?

Whether you're looking for ways to reach short- or long-term savings goals, researching money market interest rates is a smart move. We talked to Dylan Ross, a certified financial planner in Burlington, New Jersey, about why he recommends the Ally Bank Money Market account to clients. The Ally Bank Money Market account, he says, offers […]

Savings Accounts

Types of Savings Accounts for Certain Phases of Life

Savings accounts can be an important part of your plans for saving toward a short- or long-term goal or even building a nest egg for retirement. These accounts are not only secure, they can be adapted to your needs as your goals change over time.The overall goal of savings accounts is to grow savings securely. […]