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 you narrow down your search, you’ll want to follow up with each bank you’re considering to be sure you know what you’re getting.
You’ll likely find that online banks like Ally Bank offer some of the most competitive interest rates in the country. Online banks don’t have the operating costs associated with maintaining physical branches, so they can pass that savings on to you in the form of great rates. While most banks offer some type of online access, not every bank is equipped to make the online experience as simple and convenient as Ally Bank.
While you’re shopping for savings account rates, be sure to look at what Ally Bank has to offer. Both the Ally Bank Online Savings Account and Money Market Account have variable APYs with long-term averages generally higher than the national average. We don't charge monthly maintenance fees and your deposits come with the security of being insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum amount allowed by law. You can open and fund an account with any amount.
Ally Bank is committed to making saving as easy, secure and rewarding as it can be. Learn more at Allybank.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.