What we'll cover
How automated savings and spending tools work
Strategies to help you optimize money management
How savings and spending tools can help you reach your goals
Do you ever wish you could put your money management on cruise control? With the technology available to you through Ally Bank accounts, it’s possible and simple to do. We’re dedicated to helping you make the most of your money through buckets and boosters, features of our Savings Account and Spending Account. These tools combine smart technology with a dose of behavioral science, so you can feel more confident and more in control of your money. Learn more about the tech behind our smart savings tools.
Buckets
Spending buckets work similarly. You can create different buckets for a variety of expenses like rent, car payment and utilities. When used together, spending and savings buckets can help you more easily analyze where your money is directed in both the short- and long-term. Plus, by being able to easily see how much money you have left unbucketed, you can identify additional dollars you can direct toward goals like your emergency savings, debt repayment or your “treat yourself” fund.
When you see your goals specifically named in your savings account, it can be easier to picture yourself achieving them.
The technology isn’t tricky to navigate, and you don’t have to do any fancy math to save toward different goals. Bucketseliminate the need to open multiple accounts (one for every savings and spending target) and allow you to track all of your goals in one place.
Recurring transfers
Savings strategy: If you utilize buckets, you can have specific amounts deposited in each one. With a set-it-and-forget-it strategy, you can streamline your savings and have peace of mind knowing you’re saving toward each of your goals.
Surprise Savings
By being able to see your spending and savings habits, our technology lets us identify extra cash that could be working harder for you and automatically transfer it. Whether it’s $5 or $85 a week, you’ll continue to add to your savings and take advantage of a more competitive interest rate than in a typical checking account.
Round ups
Now you can save money every time you spend money. To add boosters, go to the Optimize section of your Ally Bank Savings Account. The round ups booster tracks what you spend and you can watch your round ups accrue in your progress bar or by taking a look at your round up activity.
Use smart tools to level up your money management
Automated tools and tech are there to help you make the most of your money. Utilize these smart tools to simplify your spending and savings strategy, so you can spend more time and energy living your life and reaching your individual goals.
