RE: What's amazing? Blind loyalty to Ally bank when there are better

Jan 20, 2019
9:17:37am

Mr. Belding The easy way out

No I don’t mean anything like that. I’m just learning. My BofA savings account get like 0.1%. Just happy to see that money in my savings (not investments) can get 2.2% instead of 0.1%.

But if there are better options than Ally I’m all ears.

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Mr. Belding

Previous username: Bravescoug
Bio page: Mr. Belding
Joined: Oct 18, 2013
Last login: Mar 18, 2020
Total posts: 21,749 (3,255 FO)

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Messages

Author

Time

Ally’s savings accounts are at 2.2%. Amazing.

Mr. Belding The easy way out

1/19/19 11:43pm

Amazing is a stretch, but at least they're paying something finally.

Pimpin4Paradise

1/19/19 11:44pm

I’m just used to 0.1% at BofA

Mr. Belding

1/19/19 11:45pm

Yeah, it is that way at my bank too. I started looking around and saw Ally's too

Breaded Hamster

1/19/19 11:49pm

If you don’t need the money for at least a year cds are even highe

cougarfann888

1/19/19 11:53pm

Their stock dividend yield is 1.7% annually. You should buy their stock it's

Ssebo

1/20/19 1:31am

Or you could buy shares of Coke and get a 3.5 percent dividend plus growth.

Ssebo

1/20/19 1:20am

I guess closer to 4 percent annually now.

Ssebo

1/20/19 1:22am

Robin Hood App. Free investment and trade. Stay away from the crypto. Its bad.

Ssebo

1/20/19 1:33am

Not guaranteed growthyou could also lose money

cougarfann888

1/20/19 8:21am

I’m not talking about investing.

Mr. Belding

1/20/19 8:51am

Isn't that the purpose of a savings account?

Ssebo

1/20/19 7:26pm

Not the type of savings I'm referring to.

Mr. Belding

1/20/19 8:00pm

What's amazing? Blind loyalty to Ally bank when there are better

Acorn

1/20/19 9:13am

RE: What's amazing? Blind loyalty to Ally bank when there are better

Mr. Belding

1/20/19 9:17am

Depends. How many dollars are in your savings account?

Acorn

1/20/19 9:24am

Set up a Merrill Lynch brokerage account and get their money market acct. 2.3%

jvquarterback

1/20/19 3:34pm

Pnc might have a slightly better but there aren’t many options out there that

cougarfann888

1/20/19 9:23am

Haven't you and I already had an exchange on the subject?

Acorn

1/20/19 9:27am

I don’t think so. I have investment too but I don’t think it’s smart to

cougarfann888

1/20/19 9:34am

Wut? There are places consistently better than Ally with no more risk.

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