Savings Accounts

Why Use an Online Savings Account?

Online savings accounts, like the Ally Bank Online Savings Account, have some advantages over accounts offered at brick-and-mortar banks. Since online banks have lower overhead costs, they can usually offer better rates. Opening an online savings account is easy, and the process is fairly simple. You don't have to wait in any lines, and you […]

Savings Accounts

You Still Have Time to Add to Your Retirement Savings

We all know saving for retirement is important, and the closer you are to retirement, the less risk you may be comfortable taking. Let's say retirement is just a few years away, and you haven't saved a dime. Don't panic. There are steps you can take to prepare. You do, however, need to focus on […]

Savings Accounts

Compare Online Savings Account Rates to Brick-and-Mortar Banks

Although most banks these days provide some kind of online access, not all banks can give you the user-friendly experience of online banks designed specifically for online banking. And online savings account rates tend to be higher than what you’ll find at most traditional brick-and-mortar banks. Since online banks have lower overhead costs, they can […]

Savings Accounts

Saving Money: 4 Basic Tips for Women

The earning power of women has increased significantly over the past decade, but saving money should be an important part of every woman's life, no matter what her income level is. And whether you're new to saving money or just want some "back to the basics" ideas, Ally Bank is here to help. Take a […]

Savings Accounts

Reach Your Financial Goals

Saving money is simply a matter of forming the habit of putting away a fixed amount each week or each month before you have a chance to spend it. Make it part of your budget, and practice a "pay yourself first" approach by making regular deposits into your savings or retirement account. Some additional tips […]

Savings Accounts

Should I Open a Joint Savings Account With My Sister or Brother?

Opening a joint savings account—even with a close family member—involves more than just some additional paperwork. There are practical considerations—both legal and emotional—that may influence your decision. Rule #1: Only open a joint saving account with someone you trust. First, ask yourself why it's important to you to have a joint account. Do you need […]

Savings Accounts

Start Saving Money for Retirement Today

It's never too late to start saving money. For that matter, it's never too early either. And whether you're saving for a specific goal, retirement, or just want to create a rainy day fund for life's little emergencies, a savings account can help you stash your cash where it's accessible, safe, and earning interest. Of […]

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

Family Saving, Part 4: The Best Age to Start Learning How to Save Money

Teach Your Child to Save.Let's face it: your child is probably not going to come out and ask you about savings account benefits or why he or she should get a head start on putting away money. That's why many parents feel it is their responsibility to introduce their children to learning how to save […]