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Ally raises savings APY to 1.15%
Old 06-30-2017, 10:35 AM   #1
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Ally raises savings APY to 1.15%

Title says it all. They told me my existing account will be automagically raised overnight tonight (6/30).
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Old 06-30-2017, 10:48 AM   #2
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Talk about crazy, somehow i just got a pop up for a bank called CIT Bank that says 1.15 % savings plus cash bonus. How does this happen?
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Old 06-30-2017, 11:47 AM   #3
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I'm mad at AmEx Savings (all sorts of delays in getting a freaking $1,100 TOD disbursement out of them), so this was the push I needed to go sign up at Ally.
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Old 06-30-2017, 12:15 PM   #4
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Trusts add a another level of complexity in opening accounts like these but I guess worth the extra effort (small)
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Old 06-30-2017, 12:22 PM   #5
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Got a couple of "raise your rate" CD's I'm going to have to tweak based on their new rates.
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Old 06-30-2017, 12:54 PM   #6
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Talk about crazy, somehow i just got a pop up for a bank called CIT Bank that says 1.15 % savings plus cash bonus. How does this happen?
It happens because online advertisers are very sophisticated. Far more sophisticated than most of us can imagine.
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Old 06-30-2017, 02:21 PM   #7
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Did my end of month check on things and saw where the Amex is up to a whopping 1.05%. Otherwise would not have known. I'll take it but it doesn't really make a lot of difference.
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Old 06-30-2017, 02:29 PM   #8
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Discover Bank is 1.10% APY. I expect we'll see a horse race on interest rates for the foreseeable future.
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Old 06-30-2017, 02:41 PM   #9
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Talk about crazy, somehow i just got a pop up for a bank called CIT Bank that says 1.15 % savings plus cash bonus. How does this happen?
Whats a "pop up"?
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Old 06-30-2017, 03:01 PM   #10
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goldman sachs online savings is at 1.2%.
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Old 06-30-2017, 03:04 PM   #11
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Purepoint Financial has been at 1.25% on savings since April. Closed my Synchrony account and moved all funds about a month ago.
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Old 06-30-2017, 04:02 PM   #12
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Whats a "pop up"?
It was actually a banner ad near the top of the early retirement heading on the top of the page. Right above the search box, and the part that says welcome Blue collar Guy your last visit was...
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Old 06-30-2017, 05:22 PM   #13
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My CU also just raised its savings rates from 1.10% to 1.15% effective today.
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Old 06-30-2017, 05:35 PM   #14
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It was actually a banner ad near the top of the early retirement heading on the top of the page. Right above the search box, and the part that says welcome Blue collar Guy your last visit was...
Oh, I don't see those either.
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Old 06-30-2017, 06:17 PM   #15
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Ally just got around to sending me an email about the 11 mo No Penalty CD@ 1.5 % today which was mentioned on this forum over a week ago. I get the impression they are limiting these promo rates. Looking forward to seeing that new savings rate hit. I just opened IRA savings with them after wrestling with NFCU for 60 days to execute direct xfer.
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Old 06-30-2017, 06:26 PM   #16
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Barclays Online Savings is also at 1.15% as of a couple of weeks ago.
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Old 06-30-2017, 11:15 PM   #17
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Nice! I am an Ally Savings customer already. I did begin the process of opening their risk free CDs but they have been pretty slow processing my application. I assume they are pretty swamped.
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Old 07-01-2017, 10:56 AM   #18
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Current customer and just checked. Sure enough the savings account rate is 1.15%. Sweet.
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Old 07-01-2017, 04:20 PM   #19
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Nice! I am an Ally Savings customer already. I did begin the process of opening their risk free CDs but they have been pretty slow processing my application. I assume they are pretty swamped.
I opened 4 CDs yesterday and it was instantaneous.

FWIW
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Old 07-01-2017, 05:18 PM   #20
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Thanks GB for letting me know.

I called and since ours in under a Trust, it takes 3-5 business days to process. Luckily they raised the regular savings rate to 1.15% in the meantime, so the rate differential isn't quite as wide as it was when I initially applied.
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