RateAPY

Earn 1.3% APY with the Ally Online Savings Account

Posted by: RateAPY Bank Rates News
March 10th, 2010

Interest Rates Set to Rise?

It’s good to hear so many economists agreeing that interest rates are likely to rise later this year. At last savers may get a worthwhile return on their investments.

But that news may put you off tying up your money at today’s low interest rates. And you may well wish to keep your money as liquid as possible. Well, there’s nothing (other than your mattress) more liquid than a high interest savings account.

“Best Savings Account” from Ally

A few months ago, Kiplinger named the Ally online savings account its “Best Savings Account.” Not only is it currently paying 1.3 percent APY, but it also has some singularly attractive features. The bank’s web site lists some of them, including:

• Open with $0
• No minimum balance
• No monthly fees
• Daily compounded interest for maximum earnings
• FDIC insured
• Six transactions per statement cycle with no fees

Always Compare Savings Account Rates

But nobody should commit to any savings or investment deal without first researching the market. So compare savings account rates now.