» Savings Accounts

When it comes to choosing the best bank to invest your money in, the comparison chart can easily show which bank is currently offering the best interest rates for different types of accounts.  Ally Bank is one bank that seems to continually top the comparison chart with the interest rates they offer for savings account, money market accounts and CDs.

Who is Ally Bank?

Ally was started in 1919 as General Motors Acceptance Corporation as a bank to provide financing to automotive customers.  Recently, in 2010, they changed their name to Ally Financial.  Since the start of the bank, Ally has grown to include many different banking services, including online banking… » Read more

The debate of money market vs savings account continues. When should you use which? Well, saving money is a little like losing weight.  It seems to make the list of every New Year’s resolutions, but then can be forgotten about or already broken six weeks later.  When it comes to saving money, being diligent is the key and there are two accounts that can help you reach your goal, savings accounts and money market accounts.  Both are set up as ways to help you save money, but the accounts are slightly different.

Difference and Similarities

Money market and savings accounts are offered by most all of the top banks. 

It is especially important in today’s tough economic times to have a healthy and robust savings account that you can turn to in case anything unfortunate was to come up.  You may think that you have one, but even so it would behoove you to make sure you are getting the most bang for your savings account buck.  Here are five tips for you to get the most out of an online savings account.

1. Compare/Research Rates

The most important tip to get the most out of your online savings account is to make sure that you are getting the best rates possible.  At BankTruth.org we offer you the opportunity to compare… » Read more