I have a Capital One 360 savings account from when it was ING Direct. Of course the interest rate has decreased since I opened the account. I have since come to learn about Ally bank online savings account. Is it worth it to move the funds from Capital One 360 to Ally Bank? Why or why not? Thanks.
Capital One 360 has a money market account that pays @ 1%. If you already have a Capital One account, it only takes about 2 minutes to open the money market. Not as good of a rate as Ally, but close and lazy.
slappycakes said: Capital One 360 has a money market account that pays @ 1%. If you already have a Capital One account, it only takes about 2 minutes to open the money market. Not as good of a rate as Ally, but close and lazy. Thanks for the pointer. Capital one 360 sounds like a plan to me. It's 1% for 10K and up while Ally is 0.85 for all balance tiers.
Ally's Online Savings Account is 1% apy although not accessable at atms...You were looking at Ally's money market account...If you want a debit card with Ally, you can always add the Checking Account which will give you access to atms (they have the free Allpoint no-surcharge network plus $10 in rebates a month when you can't get to an Allpoint atm)...And you can always transfer money between the two online or on the mobile banking app (android or iphone)...
edit: just checked...apparently Capital 360 money market account is just like Ally's Online Savings and you don't get a debit card for that either... I'd go with Ally if i were you...much better bank...
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
Earn Cash Back while you shop - just 3 simple steps.
1. Sign Up so we know who to pay! (It's FREE.)
2. Shop through FatWallet for deals from your favorite stores. Your online purchases earn Cash Back that builds in your FatWallet account.
3. Get Paid by requesting a payment via check or PayPal.
FatWallet coupons help you save more when shopping online. Use our Coupons Search to browse coupons and offers from thousands of stores, gathered into one convenient location.
As part of our FatWallet Community, you can share deals with almost a million shoppers in our forums. Forum content is generated by consumers for consumers. Share deals, money-saving tips, and more. It's FREE, fun, and addicting.
Our customer experience team is here around the clock - real people ready to assist.