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

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

Money Markets vs. CDs

Understanding the Difference CDs Certificates of deposit (CDs) can be a good choice for personal savings. Like other deposits in FDIC-member banks, CDs are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law, meaning your money is as safe as it can be. When you open a CD, […]

Savings Accounts

Why Should You Switch Savings Accounts?

There are many ways to make the most of your money, and where you keep your savings can be one of the factors that make a difference. Perhaps you think there's not much to consider about savings accounts. You may be familiar with the interest rates at traditional banks and you may be used to […]

Savings Accounts

Money Market Accounts and the Economy

Liquidity refers to how easily you can buy or sell your investments, and financial professionals agree—no matter what's going on in the market, having a certain degree of investment liquidity is important. Indeed, that's one of the reasons people own money market funds. But with money you have in bank accounts like savings, checking, certificate […]

Savings Accounts

What You Should Know About High Interest Savings Accounts

Some banks offer what they call a “High Interest Savings Account” or some similarly named account, which is designed to earn a higher interest rate than their other savings accounts. In return, the bank will sometimes ask for a large minimum opening deposit, and you'll be subject to fees if your balance falls below a […]

Savings Accounts

Things to Consider

Money market funds (or MMFs), offered by brokerages, differ from money market accounts (or MMAs), so simply shopping for the highest money market rate isn't necessarily the best way to make smart financial decisions. Money market funds As a bank, Ally Bank doesn't offer money market funds, but we can give you some basic information […]

Savings Accounts

Weighing Your Savings Account Options

Many people like to set aside money in case of emergencies or to save for a major purchase, so finding the best savings account is important. Only you can determine what kind of savings account is right for you. It could mean one that offers a higher interest rate or requires no monthly minimum balance. […]

Savings Accounts

Choosing the Best Money Market Account

When shopping for the best money market account, here's why it might make sense to go with Ally Bank. The Ally Bank Money Market Account requires no minimum deposit to open and no monthly maintenance fees. Your deposits are insured by the FDIC up to the maximum amount allowed by law. And because we value […]

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