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

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 […]