Ally Bank Savings Account Rates
Today, we here at Online Banks Blog are going to look at a side of Ally Bank that is often overlooked. Most people look at Ally (formerly GMAC) and think “certificate of deposit rates.” It’s true that they’re usually the national leader in CDs, but we thought we would look at their current savings account offers and show you what savings rates at Ally Bank are doing today.
The two Ally savings rates with the highest returns are their Online Savings and their Money Market accounts. Both are available online and the MM is also available in most branch offices as well. Ally Bank savings account rates are variable, of course, so what you see here may have changed.
Online Savings in Ally savings rates are good at 1.70% annual percentage yield (APY) as compared to the ING Direct rate of 1.30% or Wells Fargo at 0.05% APY. The savings rates at Ally Bank are more than competitive.
For Money Markets, the current Ally Banks savings account rates are 1.65% APY, which blows the other national banks out of the water. Wells Fargo has nly a 0.05% APY here and is the closest current national competition.
To get taht 1.65% or 1.70% APY, by the way, would require a 12 month commitment with an Ally Bank CD (2.00% APY for 1 year).
Of course, the savings rates at Ally Bank are variable, so they could change, but with all of their high returns, Ally savings rates are making them a popular destination. Ally Bank is, of course, fully FDIC insured to the maximum extent of the law.
Random Posts
Comments
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
