Savings Accounts

Start Saving Money to Secure Your Financial Future

As a savings tool, compound interest is powerful. That’s because not only does it allow you to earn interest on your principal, but it also lets you earn interest on all the interest you’ve accumulated. So the earlier in life you start saving money, the more you can grow your savings. Your first step in […]

Savings Accounts

Savings Account: Top 5 Reasons Why You Should Have One

You might ask yourself, “Why have a savings account?” when there are so many financial options today. Savings accounts are a solid addition to your portfolio for many reasons. With a savings account, you can: 1. Save for the future.Having a healthy savings account is a good foundation for any financial plan. You can accumulate […]

Savings Accounts

Savings Accounts and Interest Rates

Why save money in a savings account? A savings account is simply a bank account that secures your money and usually pays interest on the funds in the account. A savings account is generally considered a safe place to grow your money. Deposits in your savings accounts at member-FDIC banks are insured by the Federal […]

Savings Accounts

The Money Market Account Advantage

No matter what's going on in the economy, money market accounts (MMAs) provide you with a sound choice when you want to earn a great interest rate and still have access to your funds. It's important to note that money market accounts (MMAs), offered by banks, are different from money market funds (MMFs), offered by […]

Savings Accounts

Why Choose Money Market Accounts for Saving?

There are a number of advantages to an Ally Bank Money Market account. For starters, you can earn a great rate on your money while still having access to it when you really need it. Other features and benefits include: No minimum balance to open and no monthly maintenance fees. Deposits insured by the Federal […]

Savings Accounts

Why Money Market Accounts Make Sense Now

Everyone can use a secure place to put money for a vacation fund, recurring expenses, a down payment on a car, unexpected expenses, and so on. The best option for this kind of account is one that pays interest, but is easy to use and provides the peace of mind that comes from knowing your […]

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

Open a Savings Account Online as Part of Your Financial Strategy

If you're like most people, you maintain your regular checking and savings accounts separate from any investments you have. But in addition to these basic pillars of your financial strategy, consider another component. An online savings account could be a useful addition to your regular savings, checking and investments. Online banks will often offer more […]

Savings Accounts

Checking and Savings

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, […]

Savings Accounts

Why Opening a Joint Savings Account Online With Elderly Parents Can Make Sense

Opening a joint savings account with your elderly parents can be a mutually beneficial financial decision. For your parents, it can mean you're able to help them take care of expenses while they're out enjoying their golden years. And for you, it can mean the peace of mind that comes from knowing you're there to […]