Ally Savings Account Review

Though Simple’s Goals features would seem to replace a traditional savings account, other services could be offered through their owner, BBVA, a. If you want. It is an online-only enterprise but has good customer service to offset the usual downside of online banks. Equal Housing. Business savings accounts are much like the personal variety in that they allow you to earn interest on deposited funds, but they're solely used by businesses as opposed to individuals. The savings account and CD rates that Ally Bank touts is frequently many times over the national average - topping even the offerings of the best online banks. Ally Bank 's online savings account has a 1. 80 percent for all balance tiers for deposits. There's no monthly maintenance fee, no minimum deposit to open an account and no minimum balance to maintain to earn interest. These days, most brick-and-mortar banks offer around. Best features of the Ally Online Savings Account. In theory, it should be easy enough to move cash over to your Ally savings account, where rates are substantially higher. Ally’s GIC rates are 0. This is only Part 1 and I cover interest checking accounts here. Transfers are simple with Ally, whether a customer wants to transfer funds between Ally accounts or to external. Compare Ally MMA vs Capital One 360 and Synchrony Bank money market accounts. It is this compensation that enables Credit Karma to provide you with services like free access to your credit scores and free monitoring of your credit and financial accounts at no charge. Ally makes it easy to deposit, withdraw and manage your Online Savings Account, plus any other Ally accounts you might have. Ally Bank Savings Account Interest Rates. Ally Bank offers 4 ways to withdraw money from the Online savings account: 1) online funds transfer, 2) outgoing wire transfer, 3) telephone transfer and 4) check request. This is only Part 1 and I cover interest checking accounts here. Ally is a great choice for savers at all balance levels. A money market account is essentially a combination of a checking and savings account that gives you easy access to your funds at any time. 25% for an online savings account, more than double the national average… One unique product they have is a no penalty for early withdrawal 9. That's because as a customer you receive a 2. The Ally Money Market is growing in popularity due to its convenience-based approach, low fees, and the fact the account is free. There are two savings accounts on offer here. Posted by Kevin Mulligan Last updated on October 16, 2019 | Bank Reviews, Savings Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any other entity. Neither bank's savings account requires a minimum deposit to open. Amex offers one of the highest interest rates available with this savings account, making it very attractive from the surface. Plus, you'll find instructions on how to set up an Ally savings or checking account, step by step. Ally Bank also offers mortgage loans and a cash-back credit card. Online Savings. Ally told me it would close my account if I did not provide a physical street address. 60% on accounts with a minimum daily balance of $15,000 and above. But if you put that $10,000 in a high-interest savings account at an internet bank like Synchrony, Ally or iGoBanking, which offer interest rates between 1 percent and 1. Start by pressing the menu navigation button in the top right-hand corner. Account Minimum: You can open an Ally online savings account with $0. If I moved $5,000 into a savings account with Ally, I'd see $45 in interest. No minimum balance. 0 ★★★★★ Discover does more than just offer credit cards. 45 percent APY (3-22-18) and has no minimum opening deposit and no minimum balance and no annual fee. Barclays Online Savings Annual Percentage Yield (APY) is valid as of XX/XX/XXXX. Ally makes it easy to deposit, withdraw and manage your Online Savings Account, plus any other Ally accounts you might have. 90% APY on all balance tiers. How Does Ally Compare to the Competition? In short, Ally compares very well to the competition. Finally, Ally Bank clearly advertises that there is a six withdrawal limit per statement cycle (approximately each month). Why: Ally Bank offers one of the best savings rates with its online savings account, with a 1. Synchrony Bank offers a 1. For customers who want in-branch support, Capital One 360 has a network of brick-and-mortar locations whereas Ally is 100% online. While we consider Ally Bank to be one of the best online savings accounts, other online savings accounts have higher APYs as high as 1. American Express® Personal Savings is a middle of the road online savings account. Ally Financial — checking/savings accounts. 59%, respectively. With a Ally Financial Savings Account Reviews personal loan, you may be able to secure a Ally Financial Savings Account Reviews fixed interest rate as low as 4%. While sole proprietors can technically sign up for Ally’s online, personal checking account and attempt to use it for business purposes, Ally may choose to close the account due to business-related activity. FDIC insured banking: Ally Bank is a registered member of the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits up to $250,000. If you deposit the maximum allowed of $100K, you will get a bonus of 1% which amounts to $1K. Neither bank’s savings account requires a minimum deposit to open. Finally, Ally is a traditional bank offering checking accounts and other services. For that reason, I strongly recommend keeping your ally account as a "secondary" account. Although Ally Bank is a consistent leader for savings accounts, its money market accounts aren't very exciting. 0% on TFSA and regular savings accounts but, alas, no RRSP accounts. May 24, 2019 8:00 am. Ally profile, discussions, and reviews Facebook Twitter Email this No new Ally accounts can be opened, and existing savings accounts were closed on April 30, 2013. You can open as many savings accounts as you want. money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC # 57803 ). I have an ally checking and savings account. So that evening cup of cocoa or cut of chocolate dessert might be a issue. All and all, we do enjoy banking with Ally online and plan on opening a few more accounts in the near future. But that's not even the best part! Most banks require a high minimum balance to offer the best APY, but Ally offers the 2. Ally Bank seeks to provide customers with a straightforward approach to banking and their customer satisfaction score has consistently remained over 90%. Both Discover and Ally offer a great variety of accounts. They currently offer 0. 45% annual percentage yield compounding daily on all tiers of its online savings accounts is among the best in the industry and a tremendous way to grow savings of any amount. Some banks pay as little as. Once you do you’ll be able to open up multiple savings account on the same day. Mobile App: Ally’s mobile app is compatible with Apple, Android and Windows phones. I have an ally checking and savings account. Ally Invest, formerly TradeKing, offers the largest variety of investing opportunities when it comes to the best online investment sites. The two competitors in this high-yield savings account world are Ally Bank and American Express. Then, just link your Kids Savings Account to your existing Capital One account or personal checking account at any U. Learn about Office Ally Health Savings Account (HSA), including a description from the employer, and comments and ratings provided anonymously by current and former Office Ally employees. This is a common practice in the United States and has been so for a very long time. Discover Bank Review: Cashback Checking and High-Rate Savings Discover's deposit accounts come with few fees, a fairly high interest rate and a cash-back feature on your debit spending, making it a potential choice for people who make lots of small debit purchases each month. Ally Bank is also offering very juicy APYs, like 2. You may also schedule transfers up to a year in advance. It has no minimum deposit and no service fees. Ally Financial — checking/savings accounts. Other reasons. After being GMAC Bank first and then changing it’s name to Ally Bank, everyone’s no doubt seen the new advertisements that emphasizes no fine print. The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails. The app also offers real time chat. For customers who want in-branch support, Capital One 360 has a network of brick-and-mortar locations whereas Ally is 100% online. Great Rates: Ally has among the highest rates for bank accounts in the industry, which means you can watch your money grow. There is no minimum account balance required to receive that rate of interest, and you don't need to maintain a particular balance to avoid fees. Move all the funds to the Ally savings including direct deposit. Please be advised that the 1 last update 2019/10/04 operator of this site accepts advertising compensation from companies that appear on the 1 last update 2019/10/04 site, and such compensation impacts the 1 last update 2019/10/04 location and. Some Clark. You can make six withdrawals and transfers per statement cycle from your Online Savings Account. Ally Financial, often cited as the best online bank in America by MONEY, is once again chipping away at the savings account interest rates that give its customers an edge over many traditional. Ally offers more financial services than I can write about in this review. 09%, according to the FDIC. 55 percent, your $10,000 deposit could yield up to $155 after one year. Other higher rate savings and money market accounts are also available, up to 0. 80% for money market with a $2 maintenance fee or free if your daily balance is above $1,000. Now that you’re vacuuming, you may too finish the task! There could also be laws about how far from the property Payday Installment Loans For Bad Credit line the coop can be placed. Ally Bank also offers mortgage loans and a cash-back credit card. It offers certificates of deposit (CDs), checking accounts, online savings accounts and money market accounts with no minimum deposit required to open an account, no monthly maintenance fees and 24/7 live customer service. The credit will appear in your account within one week of the close of the 60-day window. com's rating: 4. Read on to learn about online banking in this full Ally bank review. As of October 2019, Ally currently offers its members a 1. If I left it with my current bank at 0. Ally Bank also offers a money market account that has a current interest rate of 1. Ally will likely satisfy you more if you plan to store your money in a savings account short-term. Ally profile, discussions, and reviews Facebook Twitter Email this No new Ally accounts can be opened, and existing savings accounts were closed on April 30, 2013. The Ally Bank Online Savings Account interest rate of 1. I thought it was about time I put together a list of the top high yield online savings accounts. Please comment. However, not all banks offer a mobile banking option. When you are shopping for a savings account and comparing Online Savings Account benefits, you'll want to consider the annual percentage yield (APY) in addition to the interest rate. Ally offers a high-yield savings account that is consistently competitive. Ally Bank's online savings account has no hidden fees. See if it can help you reach your savings goals faster. I own a savings account with Ally and I also own a CD with Ally. Business savings accounts are much like the personal variety in that they allow you to earn interest on deposited funds, but they're solely used by businesses as opposed to individuals. Best features of the Ally Online Savings Account. High Yield Savings Accounts are limited to a maximum of six (6) online and telephone withdrawals or debits per monthly statement cycle. Ally Financial Savings Account Review 🎍Get $1,000 - $5,000 in 24 hrs ⭐️#1-> Ally Financial Savings Account Review No Obligation Fees |Ally Financial Savings Account Review All Credit Types OK |Ally Financial Savings Account Review Cash Straight To Your Bank!. Not recommended. Read on to learn about online banking in this full Ally bank review. Loan Terms : The APR on a Ally Financial Savings Account personal loan from our network of lenders and lending partners varies, with many providers offering rates from 4. Neither bank's savings account requires a minimum deposit to open. Boost your savings with our high interest savings account. The Ally Bank high yield savings account currently offers 1. Understanding the actual laws in the region are, plus figuring out in which a good spot would be to place a coop, may element in what size of unit can be made. Ally Bank is currently offering residents nationwide a 1. com has helped thousands of people make smart financial decisions. It comes with no monthly maintenance fees and no minimum deposit to open. What We Enjoyed About Ally Bank IRA Products The sheer range of options means that customers choose a product that will benefit them. Please comment. That's a good deal, compared to many banks that charge $10 or so to move your money—or roughly $35 for insufficient funds penalties. Take advantage of a high-interest online savings account with a 1. The first is a true savings account which comes with a higher interest rate, and the second is a money market account which comes with a lower (yet favorable) interest rate, debit card, and checkbook. Like I said above, Ally offers a savings account with a 1. The bank name and type of account (checking, savings, etc. You may click “Go to Site” green button of your chosen lender to proceed with your application. Ally Auto Online Services. Ally mostly operates as an online bank, which allows it to reduce or eliminate account fees often charged by traditional banks. Ally is an online-only bank with one of the highest-yield savings accounts on the market. Its rates are competitive, so if you have an account there I wouldn't suggest switching away for interest purposes (it rarely makes sense, unless we're talking a move from 0% to 1%). Related: See our review of Ally Savings. When you use your debit card to buy stuff from participating retailers, either online or in-store, Ally will give you cash back right into your account. The best savings accounts are those with high minimum deposits and higher interest rates so that the returned earnings are higher. Over 35K+ customer reviews to help you find the best bank or credit union. 01%, which might as well be nothing at all. Available nationwide, Ally Bank is offering a 1. Ally Bank Review – Are They The Best Online Bank? Last modified by Jeff Rose, CFP® on March 20, 2019 Money Magazine recently named Ally Bank as their “best online bank” for consumers citing excellent customer service, low fees and usability of their platform. Unlike establishment brick-and-mortar banks, whose yields are scarcely better than keeping cash hidden in a mattress, Ally offers a whopping 1. Other reasons. push({ myVarName: 'myVarValue' }); // // When exposing a Ally Financial Savings Account variable. Compare to other cards and apply online in seconds. Ally's high-yield online savings account packs in what we think are must-have perks, including a high annual percentage yield (APY), rock-bottom low fees, and convenience. Our transfers have not taken longer than 2 days. Online Savings Account: APY may change at any time before or after account is opened. American Express High-Yield Savings Review The American Express High-Yield Savings Account is fully insured by the Federal Deposit Insurance Corporation (FDIC), up to $250,000 per depositor. The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. Check out the Ally website to learn more about all that Ally offers its customers. It is the best bank on this list. In this Ally Bank review, we’ll look at rates, fees and account types. In fact, due to a Ally Financial Savings Account Review lender’s eligibility criteria or State legislation, a Ally Financial Savings Account Review lender has the 1 last update 2019/10/01 option to decline your application and residents of some US states may not be eligible for 1 last update 2019/10/01 installment loans products at all. Ally Bank also offers mortgage loans and a cash-back credit card. Ally Savings Account Promotion CODES Ally Bank Online Savings Account Offer (Nationwide) FREE Get Deal Ally Bank is another great online-only bank, and offers nationwide online Checking, Savings, Money Market, CD and IRA accounts that earn market leading rates. 45% annual percentage yield compounding daily on all tiers of its online savings accounts is among the best in the industry and a tremendous way to grow savings of any amount. Post any questions, comments and. With trades under five bucks, you don't have to spend half of your investment in fees to get started! There's no account balance minimum either which is a big positive for new investors. Both Discover and Ally offer a great variety of accounts. Ally Bank Online Savings Account Now we finally get to the offering that I think makes Ally Bank great. In this Ally Bank review, we'll look at rates, fees and account types. As of February 20, 2012, Ally has the best rates compared with HSBC Advance, ING Direct, Bank of America, Chase and Wells Fargo. Free all-point ATMs. While we consider Ally Bank to be one of the best online savings accounts, other online savings accounts have higher APYs as high as 1. com has helped thousands of people make smart financial decisions. Coverdell ESA Account description. Talk about all things regarding Canadian high interest savings accounts in the discussion forum and read detailed articles. The savings account doesn't come with an ATM card, so you can't make quick withdrawals at ATM machines. Plus there are no maintenance fees for accounts, and a live customer service agent is there to help you 24/7. Whether you are just starting to look for a bank to build your nest egg or you have an account and would like to consider better features, now is a good time to consider. Suddenly it’s a difference between $108. Both Discover and Ally offer a great variety of accounts. The RBC transaction follows on the heels of last year's move by rival Bank of Nova Scotia to buy the Canadian operations of ING Groep NV for $3. Still, Ally Bank’s Money Market Account has some useful features. Ally Bank was one of the first popular online banks, and their competitive online interest rate remains their key to winning consumers’ deposit dollars. Some banks pay as little as. This is great if you are saving for multiple goals. However, not all banks offer a mobile banking option. I love Ally. 90% beginning tomorrow, August 6th. Ally Savings Account Review: Better than American Express? July 27, 2015 By Will Lipovsky 7 Comments Earlier today, I wrote about the American Express high-yield savings account. There are no fees with these accounts, the bank reimburses ATM surcharges up to $10 per month, and the savings account pays a very attractive 1. High Yield Savings Accounts are limited to a maximum of six (6) online and telephone withdrawals or debits per monthly statement cycle. Please visit our revocable living trust FAQ page for more information. Tax-deferred account with earnings and withdrawals free from federal income tax if used for qualified education expenses. Ally Bank offers a very competitive APY for their savings account. Online banks let people access their accounts anywhere there's the internet. As of this writing, Ally is offering a 1. Of course,. 25% APY as of Jan. There is no minimum initial deposit and you aren’t tied into keeping a balance in order to keep your account open. 25% for an online savings account, more than double the national average… One unique product they have is a no penalty for early withdrawal 9. Is Ally’s Saving’s Account Worth it? When I opened my savings account, it had one of the highest interest rates on the market for any bank. Neither bank's savings account requires a minimum deposit to open. Ally Bank also offers mortgage loans and a cash-back credit card. It is the best bank on this list. Read about several offers for their Checking, Savings and Business accounts. 90% APY on any amount held in their savings accounts with interest that compounds daily. And there's no monthly maintenance fee or minimum deposit requirement on either the checking or savings account. All of them seem to have rates that are currently competitive. Customer service is easy to get ahold of and very good. Instead, if you need some funds, you'd have to do an online transfer (or by wire, telephone, or check), which may take a few days. // To expose a Ally Financial Savings Account variable Ally Financial Savings Account to GTM for 1 last update 2019/10/17 use in a Ally Financial Savings Account tag, do this: // dataLayer. Ally happens to offer one of the highest interest rates on a savings account: 2. Discover Savings Account Review 2019. So no worries there. Any amounts above $100,000 are subject to the Savings Maximiser standard variable rate applicable at the time. But it is with GICs that Ally really shines. The Orange Savings Account (at. Ally Bank Savings Account. All and all, we do enjoy banking with Ally online and plan on opening a few more accounts in the near future. The majority of this review will be focused on Ally Invest from the perspective of traders and active investors. Some banks pay as little as. But the high-yield savings account that Ally offers should still always be much higher than what the major national banks are paying. This requirement appears to have been removed. There's no monthly maintenance fee, no minimum deposit to open an account and no minimum balance to maintain to earn interest. In addition to a savings account, Ally Bank also offers a money market account which pays an APY of 0. citizen, permanent resident or be in the 1 last update 2019/10/13 United States on a Ally Financial Savings Account Review valid long term visa and at least 18 years old. Ally offers an interest-bearing checking account with good rates, low fees and free access to over 43,000 ATMs nationwide. Ally Online Bank—the company’s core function—is primarily used for checking and savings accounts. HSA Bank Mobile App HSA Bank Mobile gives you the tools to take control of your health accounts. In addition to this, those who don't feel the need to open an account specifically for an IRA can look at all of the other Ally Bank Savings Products. Best Bank thus far I’ve been with Ally for several years now. Ally Savings Account Review: Better than American Express? July 27, 2015 By Will Lipovsky 7 Comments Earlier today, I wrote about the American Express high-yield savings account. Overview of Ally Money Market Account Ally Financial is an FDIC-insured online bank. Chase usually offers the most sign-up bonuses of all the big banks. But it is with GICs that Ally really shines. You can make six withdrawals and transfers per statement cycle from your Online Savings Account. However, not all banks offer a mobile banking option. Fees could reduce the earnings on the account. Ally's one checking and two savings accounts are best for people looking to maximize interest rates while avoiding fees and high balance requirements. They allow you to squirrel away any surplus funds your business has and grow your pot for the future,. Note: Ally Bank's Savings Account interest rates are not fixed. Although APY can fluctuate frequently, Ally Bank has a strong track record of staying competitive. Sometimes that means not having immediate access to funds. Available nationwide, Ally Bank is offering a 1. You may also schedule transfers up to a year in advance. The Ally Bank high yield savings account currently offers 1. For instance, yields on its savings account and 12-month CD exceed those on comparable Capital One 360 vehicles by 0. com readers tell us they've moved their savings to Wealthfront's FDIC-insured cash account, which offered 2. Savings account rates, like money market rates, are subject to change at any time. federally insured? Yes, your Ally Financial Inc. Discover Bank Review: Cashback Checking and High-Rate Savings Discover's deposit accounts come with few fees, a fairly high interest rate and a cash-back feature on your debit spending, making it a potential choice for people who make lots of small debit purchases each month. Move all the funds to the Ally savings including direct deposit. Blocked my account and ripped off my money!. 90% on a daily basis. 90% APY is high relative to the nationwide average, which stands at just 0. Ally Bank is offering residents nationwide to have a chance to earn up to a $1,000 bonus when you deposit your funds and meeting certain requirements. Neither bank’s savings account requires a minimum deposit to open. Great Rates: Ally has among the highest rates for bank accounts in the industry, which means you can watch your money grow. Ally Bank Review. That's because most major banks out there offer an interest rate of 0. This is known as the Personal Savings Allowance. We wanted to include the Ally policy on overdrafts as part of our review, as it’s an important element of the bank’s model. Write a Ally Bank Review It only takes less than a. There is no minimum balanced required. While many banks will offer a high teaser rate just to lower it once they get enough accounts, First National Bank of Omaha has been in the top 20 list for the last two years. Ally Bank's CD, savings account, and money market yields compare favorably to those of other online banks. The Marcus by Goldman Sachs online savings account is tough to top when it comes to finding a high-yield savings account. Quick2Lend is not a Ally Financial Savings Account Review lender – as such, we do not have control over the 1 last update 2019/09/26 APR you will be offered. When you are shopping for a savings account and comparing Online Savings Account benefits, you'll want to consider the annual percentage yield (APY) in addition to the interest rate. Instead, if you need some funds, you'd have to do an online transfer (or by wire, telephone, or check), which may take a few days. Review: In addition to having no monthly maintenance fees, Ally’s high interest compounds daily in your account. Whether you are just starting to look for a bank to build your nest egg or you have an account and would like to consider better features, now is a good time to consider. In addition, there are no monthly maintenance fees on the account. Ally Bank: Products. Ally Bank Effort Focuses On Savings Accounts. Choose which one works for you. Plus, Ally offers class-leading customer service. Not recommended. Anyway, I told Ally to go ahead and close the account. How Does Ally Compare to the Competition? In short, Ally compares very well to the competition. Above all, if you are looking for a high-yield, interest-bearing savings account with good rates and low fees, an online savings account from Ally. 20% APY on your funds for opening a new Ally Bank Online Savings Account. The institution offers high interest-paying savings accounts, money markets and CDs, as well as checking accounts that pay you. In this Ally Bank review, we'll look at rates, fees and account types. This may be a downside for some. They were recently set up to offer some of the 1 last update 2019/10/10 best personal loan rates available, and they are delivering. APR Disclosure and Range. Attractive CD, Savings Account, and Money Market Yields. As of October 2019, Ally currently offers its members a 1. Think of the savings account as a lake and the prepaid card as the path leading to it. The E*Trade Bank savings account enables individuals to grow their savings at a rate of over 10 times the national average. There are too few interest-bearing checking accounts in this country and we applaud online banks that offer such perks. The savings account and CD rates that Ally Bank touts is frequently many times over the national average - topping even the offerings of the best online banks. This account also features the ability to deposit checks remotely. Ally Ally Financial, Ally Bank Conducts Business in USA, But Customer Service is Never In the USA Sedgwick, Kansas Kansas. You'll achieve an annual percentage yield of 0. The “sub-savings” accounts of a brave IWT worker. The APY is the amount of money you'll earn on your account balance over the course of a year, with compounding factored in. Ally Online Savings. Chase usually offers the most sign-up bonuses of all the big banks. Their yields are fairly competitive and can compare to other online savings accounts offered by a lot of other banks. Customer service is easy to get ahold of and very good. The Ally Bank high yield savings account currently offers 1. Online Savings Account: APY may change at any time before or after account is opened. 89% (Updated 1/09/12) APY, which seems generous compared to contenders like Bank of America’s savings account (returning a measly. In this Ally Bank Savings Account review, we'll compare rates, fees and services to other. Read about several offers for their Checking, Savings and Business accounts. Ally Bank is also offering very juicy APYs, like 2. Ally Bank was also recognized by MONEY for "Best Standalone Account" for Ally Interest Checking due to the fact that Ally charges no maintenance or ATM fees, and currently pays an Annual Percentage Yield of 0. Find out about its market-leading savings rates and fee policies. According Ally Financial Savings Account Review to data from the 1 last update 2019/10/03 Mercator Advisory Group, 10 percent of consumers who got a Ally Financial Savings Account Review loan in 2019 used a Ally Financial Savings Account Review peer-to-peer lender. com, this is one of Ally’s most well-known services. They were recently set up to offer some of the 1 last update 2019/10/10 best personal loan rates available, and they are delivering. Is Ally Invest safe and good investment company to open an account? Ally Invest Review Ally Invest Review » Promotion Offer Up to $3,500 cash bonus + 90 days of commission free trades (up to $500 in value). Another reason we chose Ally bank is the ability of transferring funds between this savings account and other accounts that are not with Ally. American Express High-Yield Savings Review The American Express High-Yield Savings Account is fully insured by the Federal Deposit Insurance Corporation (FDIC), up to $250,000 per depositor. The rate of our Online Savings Account is 20x the national average of 0. Most Helpful Positive Review. This Chase savings account and Ally savings account review would venture to say that an Ally savings account is the smarter option. May 24, 2019 8:00 am. Savings Account. 20% APY on your online savings account regardless of how large (or small) your balance is. Money Market: Ally Bank's Money Market Account pays high rates of return, and comes with no monthly maintenance fees. You must use an external bank to "push" money over into the Netspend card. 60% on accounts with a minimum daily balance of $15,000 and above. 05 interest rate and customers can. Ally Bank Savings Accounts Review. 0% on TFSA and regular savings accounts but, alas, no RRSP accounts. The best savings accounts are those with high minimum deposits and higher interest rates so that the returned earnings are higher. Have $25,000 or more in the account and that gets bumped up to 1. Our best savings account winner, Ally Bank Savings, also wins the category for best customer support. Above all, if you are looking for a high-yield, interest-bearing savings account with good rates and low fees, an online savings account from Ally. It is actually part of a Ally Financial Savings Account bank you might have heard of, SunTrust Bank. Check out the Ally website to learn more about all that Ally offers its customers. By Peter Anderson 1 Comment-The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Also the checking account doesn’t include any interest which is typical of an internet bank. Like all savings accounts, they fluctuate with the market. The employees are courteous and efficient and are there to help Ally Financial Savings Account Rate you. 99% and loan durations between 90 days and 72 months. When it comes to Ally Online Savings Account interest rates, you’re earning slightly than you would at its #1 competitor ING Direct, but this different is insignificant. Mobile App: Ally's mobile app is compatible with Apple, Android and Windows phones. The fact-checkers, whose work is more and more important for those who prefer facts over lies, police the line between fact and falsehood on a day-to-day basis, and do a great job. Today, my small contribution is to pass along a very good overview that reflects on one of Trump’s favorite overarching falsehoods. Namely: Trump describes an America in which everything was going down the tubes under  Obama, which is why we needed Trump to make America great again. And he claims that this project has come to fruition, with America setting records for prosperity under his leadership and guidance. “Obama bad; Trump good” is pretty much his analysis in all areas and measurement of U.S. activity, especially economically. Even if this were true, it would reflect poorly on Trump’s character, but it has the added problem of being false, a big lie made up of many small ones. Personally, I don’t assume that all economic measurements directly reflect the leadership of whoever occupies the Oval Office, nor am I smart enough to figure out what causes what in the economy. But the idea that presidents get the credit or the blame for the economy during their tenure is a political fact of life. Trump, in his adorable, immodest mendacity, not only claims credit for everything good that happens in the economy, but tells people, literally and specifically, that they have to vote for him even if they hate him, because without his guidance, their 401(k) accounts “will go down the tubes.” That would be offensive even if it were true, but it is utterly false. The stock market has been on a 10-year run of steady gains that began in 2009, the year Barack Obama was inaugurated. But why would anyone care about that? It’s only an unarguable, stubborn fact. Still, speaking of facts, there are so many measurements and indicators of how the economy is doing, that those not committed to an honest investigation can find evidence for whatever they want to believe. Trump and his most committed followers want to believe that everything was terrible under Barack Obama and great under Trump. That’s baloney. Anyone who believes that believes something false. And a series of charts and graphs published Monday in the Washington Post and explained by Economics Correspondent Heather Long provides the data that tells the tale. The details are complicated. Click through to the link above and you’ll learn much. But the overview is pretty simply this: The U.S. economy had a major meltdown in the last year of the George W. Bush presidency. Again, I’m not smart enough to know how much of this was Bush’s “fault.” But he had been in office for six years when the trouble started. So, if it’s ever reasonable to hold a president accountable for the performance of the economy, the timeline is bad for Bush. GDP growth went negative. Job growth fell sharply and then went negative. Median household income shrank. The Dow Jones Industrial Average dropped by more than 5,000 points! U.S. manufacturing output plunged, as did average home values, as did average hourly wages, as did measures of consumer confidence and most other indicators of economic health. (Backup for that is contained in the Post piece I linked to above.) Barack Obama inherited that mess of falling numbers, which continued during his first year in office, 2009, as he put in place policies designed to turn it around. By 2010, Obama’s second year, pretty much all of the negative numbers had turned positive. By the time Obama was up for reelection in 2012, all of them were headed in the right direction, which is certainly among the reasons voters gave him a second term by a solid (not landslide) margin. Basically, all of those good numbers continued throughout the second Obama term. The U.S. GDP, probably the single best measure of how the economy is doing, grew by 2.9 percent in 2015, which was Obama’s seventh year in office and was the best GDP growth number since before the crash of the late Bush years. GDP growth slowed to 1.6 percent in 2016, which may have been among the indicators that supported Trump’s campaign-year argument that everything was going to hell and only he could fix it. During the first year of Trump, GDP growth grew to 2.4 percent, which is decent but not great and anyway, a reasonable person would acknowledge that — to the degree that economic performance is to the credit or blame of the president — the performance in the first year of a new president is a mixture of the old and new policies. In Trump’s second year, 2018, the GDP grew 2.9 percent, equaling Obama’s best year, and so far in 2019, the growth rate has fallen to 2.1 percent, a mediocre number and a decline for which Trump presumably accepts no responsibility and blames either Nancy Pelosi, Ilhan Omar or, if he can swing it, Barack Obama. I suppose it’s natural for a president to want to take credit for everything good that happens on his (or someday her) watch, but not the blame for anything bad. Trump is more blatant about this than most. If we judge by his bad but remarkably steady approval ratings (today, according to the average maintained by 538.com, it’s 41.9 approval/ 53.7 disapproval) the pretty-good economy is not winning him new supporters, nor is his constant exaggeration of his accomplishments costing him many old ones). I already offered it above, but the full Washington Post workup of these numbers, and commentary/explanation by economics correspondent Heather Long, are here. On a related matter, if you care about what used to be called fiscal conservatism, which is the belief that federal debt and deficit matter, here’s a New York Times analysis, based on Congressional Budget Office data, suggesting that the annual budget deficit (that’s the amount the government borrows every year reflecting that amount by which federal spending exceeds revenues) which fell steadily during the Obama years, from a peak of $1.4 trillion at the beginning of the Obama administration, to $585 billion in 2016 (Obama’s last year in office), will be back up to $960 billion this fiscal year, and back over $1 trillion in 2020. (Here’s the New York Times piece detailing those numbers.) Trump is currently floating various tax cuts for the rich and the poor that will presumably worsen those projections, if passed. As the Times piece reported: