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 […]

Savings Accounts

Savings Account vs. Money Market Account

Deciding between the benefits of a savings account vs. money market account is easier if you know what your savings needs are first. With that in mind, it's a simple matter of knowing the differences between the two types of accounts and choosing the one that fits your needs best. Regular savings accounts are easy […]

Savings Accounts

Opening a New Online Bank Account

Online banking with Ally Bank makes it easy to manage your money and meet your financial goals. Our 24/7 customer service is available to answer your questions and help you open a new account or manage existing accounts. If you are not already an online banking customer, first consider what your banking needs are. If […]

Savings Accounts

Online Savings Accounts: Preparation for Life-Changing Events

Challenges and opportunities are integral parts of our lives. And, because you never can predict the unexpected, saving for the “rainy day" when those life-changing events happen can be an important part of any financial plan. "Savings can provide the funds needed to get through major life events," says Robert Schmansky, founder of Clear Financial […]

Savings Accounts

Saving for the Trip of a Lifetime

While most people agree that money can't buy happiness, experts believe that spending money on experiences instead of objects often leads to greater satisfaction. And when it comes to great experiences, is there anything better than a dream vacation? But before you take that trip, you need a savings plan that will make sure you […]

Savings Accounts

6 Financial Steps to Survive a Layoff

Unfortunately, layoffs are an all-too-common reality. And the prospect of finding new employment can seem daunting. What can you do if you find yourself facing a life-changing event such as losing your job? What steps do you need to take? 1. Prepare your parachute.It's important to talk to the employer that is laying you off. […]

Savings Accounts

Money Saving: Tips for Getting Started.

Ally Bank Offers Consistently Competitive Rates Saving money may not be as fun as spending it, but it’s absolutely one of the most important steps you can take towards achieving financial security. Whether you’re saving up for a big purchase down the line, saving for your child’s college fund, or starting an emergency fund, there […]

Savings Accounts

Use the Web to Gain Information About Savings Rates

Banking and shopping for the best savings account rates have changed dramatically over the years as more and more people go online for services and information. Bankrate.com and RateCatcher.com are both sites that show you rates and products from many different banks. Those and other comparison sites can be great places to start, but as […]

Savings Accounts

Meet Your Savings Goals

Long-term savings goals tend to be well suited to certificates of deposit (CDs), while an online savings or money market account tends to be better for short-term savings goals. Here's why: CDs have a set maturity date, allowing your balance to grow untouched until you need the money.In exchange for leaving your money deposited in […]

Savings Accounts

Guidelines for Short-term and Long-term Saving

When it comes to long-term savings and short-term savings, certificates of deposits (CDs) and savings accounts can play a role in both. Your savings in an FDIC-member bank like Ally Bank is insured up to the maximum amount allowed by law, so deposits in CDs and savings accounts are among the safest places to keep […]