Why save money in a savings account? A savings account is simply a bank account that secures your money and usually pays interest on the funds in the account. A savings account is generally considered a safe place to grow your money. Deposits in your savings accounts at member-FDIC banks are insured by the Federal Deposit Insurance Corporation up to the maximum amount allowed by law.

Why save money in an online savings account? Online savings accounts give you 24/7 access to your account and you can bank from virtually anywhere. What's more, online banks tend to offer more competitive interest rates than traditional brick-and-mortar banks. In fact, according to rates published by Bankrate.com, Ally Bank offers some of the most competitive savings account interest rates available anywhere.

No matter what your savings goals are, Ally Bank has a way to help you reach them. Take a look at what we have to offer, including our Online Savings Account and our Money Market Account. Ally Bank makes saving money as easy, convenient and rewarding as it can be. Learn more at Allybank.com or call live, 24/7 customer support at 877-247-ALLY (2559) today.

View Savings Account Rates