Ally high-yield savings account review: High APY, no opening deposit - Business Insider

shows projections of how much you could save based on your current saving habits and compounded interest. Its graphics show that a 1.50% APY can make a huge difference, especially when compared to the average savings account rate of 0.09%.There is no minimum deposit to open anOf course, the higher your account balance, the more money you'll earn in interest. But Ally offers the same rate to every customer regardless of your balance.

When you save with a bank that doesn't offer a checking account, transferring money from your savings to checking account can be inconvenient. You'd have to transfer money between your Ally account and an external bank. These transfers can take up to several days, while transfers from one Ally account to another takes just minutes.Federal law only allows you to withdraw money from your savings account up to six times per month, regardless of which institution you bank with.

Some banks will charge you a fee each time you exceed this limit. Others won't charge you but will close your account if you surpass the six-transaction limit, say, three times in 12 months.will charge you $10 each time you exceed six monthly transactions. A $10 charge isn't uncommon, but it could be annoying if you only go over the limit once or twice in a year.

We're big fans of Ally for those that need FDIC insurance. We suggest diversifying into an alternative deposit account to help meet your goals faster. At we're paying 4.0% APY. Our support team is always around to discuss.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

COVID-19 motivated me to put $80,000 in a high-yield savings account - Business InsiderPutting your cash in a high-yield savings account is an easy way to earn money on your money in a safe and predictable way.
Source: BusinessInsider - 🏆 729. / 51 Read more »

'Buffett Indicator' hits record high, signaling potential crash - Business InsiderThe famed investor called it a 'very strong warning sign' when the measure peaked just before the dot-com bubble burst. 'The so-called 'Buffett Indicator' takes the combined market capitalizations of a country's publicly traded stocks & divides it by quarterly gross domestic product.' Not really. Calculation skewed by COVID artificially reducing GDP making stocks seem overvalued. Theron_Mohamed This is such a bad article, of course the ondicator is going to point upscale. GDO is down because of an overblown media driven COVID__19 , increased debt and lower production. In two months it will be downturned greatly. Articles like this add more fuel to the negativity.
Source: BusinessInsider - 🏆 729. / 51 Read more »

9 daily habits that Barbara Corcoran and other high-powered executives swear by - Business InsiderEveryone makes to-do lists, but Barbara Corcoran's list includes one special trick for getting everything done.
Source: BusinessInsider - 🏆 729. / 51 Read more »