Savings Accounts

Can a Spender and a Saver Work Together?

At some point or another, you’ll probably have to make financial decisions with someone else—someone whose opinion may or may not be close to yours. When it comes to money and relationships, spenders and savers can work together just as well as more like-minded people, but in any relationship, discovering financial compatibility is an important […]

Savings Accounts

Which Online Savings Account Has the Highest Savings Yield?

Online banking has become quite popular for its convenience and efficiency. While many banks offer some type of online access, online banks like Ally Bank are worth your consideration. Online banks don’t have the overhead of traditional banks and can pass that savings on to you in the form of great rates. The Ally Bank […]

Savings Accounts

The Ally Bank Savings Interest Calculator

If you're serious about saving, it's essential to set up a monthly budget to help allocate your funds toward necessary expenses while also setting some aside for the future. You might begin by saving a certain percentage of your income each month, or a particular dollar amount. This is a great way to make saving […]

Savings Accounts

High Interest Savings Accounts

If you want to open a savings account, choosing the bank with the best options is key. Sometimes that means choosing what some banks explicitly call a high yield savings account. Other times, a bank's high yield savings account choices don't fit your needs. You'll want to consider all the terms of any account you […]

Savings Accounts

Keeping Money Safe

Keeping money safe is obviously a prudent financial practice. You likely don’t leave your wallet lying around or keep too much cash on hand, and you probably keep the bulk of your money in the bank. Though many people still think of traditional brick-and-mortar banks when they think of deposit accounts, online banks like Ally […]

Savings Accounts

Why the Bank Is Still a Safe Place for Your Money

For many years, keeping money safe seemed like a simple, straightforward matter. Other than during times of recession, confidence in banks remained relatively high. While a skeptical minority may have preferred to keep cash hidden at home rather than in a savings account, most people have long relied on banks for their savings and checking […]

Savings Accounts

A Few Tips to Take Some of the Stress Out of Your Savings Program

Most of us have enough things to worry about without having to keep a constant eye on our savings account interest rates. Yet with the volatility of the stock and financial markets, making sure you're getting the best possible return on the money you have in a secure option—a saving account, for instance—is as important […]

Savings Accounts

How CDs and CD Rates Work

Certificates of deposit (CDs) are a popular way to save toward important goals—like a down payment on a house, your child's college tuition, planned home maintenance and repair expenses, and more. But before opening a certificate of deposit, you should first understand how CDs and CD rates work. What Is a Certificate of Deposit? A […]

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 […]

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 […]