Wednesday, June 27, 2018

New Savings Account



Another short post this morning. I just opened a new savings account with Ally.  The rate is 1.65% and the rate on my old savings account  was 1.00%.  I should earn just shy of $200 a year on my savings with this new rate! I know $200 a year isn't going to make or break me, but it's definitely a nice addition to my savings. 

 I also learned that a company named Marcus was is offering 1.8%, but I have not looked into the details yet.  If it is offering no minimum balance and no fees, I might have to open another savings account!

4 comments:

  1. Haven't heard of that one. Will have to check it out, thanks!

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    1. You're Welcome! And Ally just raised its rates to 1.75%!

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  2. Hey! Looks like the new comment settings are working! Thanks.
    Isn't it great getting a little extra cash.

    I have the Marcus account. They have no fees are minimum balance. I really like it so far. The only catch is that they don't offer a debit card or a mobile app. You have to be willing to wait a couple of days to transfer money out of that account.

    I'm fine with all that because I don't want immediate access to my account. But there are several other high interest savings accounts that offer different perks. Let us know how you like Ally over time.

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    1. oh awesome! Thanks for the info re: the Marcus account, I never got a chance to look into the details! Ally just raised its rates to 1.75% so I'm pretty excited about that since it's so close to the marcus rate.

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