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Ally raises savings APY to 1.15%
06-30-2017, 10:35 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,778
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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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06-30-2017, 10:48 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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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?
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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06-30-2017, 11:47 AM
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#3
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Full time employment: Posting here.
Join Date: Jul 2013
Posts: 792
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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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06-30-2017, 12:15 PM
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#4
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Full time employment: Posting here.
Join Date: Jan 2008
Location: Flyover America
Posts: 679
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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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06-30-2017, 12:22 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
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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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06-30-2017, 12:54 PM
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#6
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Quote:
Originally Posted by Blue Collar Guy
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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It happens because online advertisers are very sophisticated. Far more sophisticated than most of us can imagine.
__________________
I thought growing old would take longer.
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06-30-2017, 02:21 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Posts: 1,495
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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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06-30-2017, 02:29 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,669
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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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06-30-2017, 02:41 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
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Quote:
Originally Posted by Blue Collar Guy
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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Whats a "pop up"?
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06-30-2017, 03:01 PM
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#10
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Full time employment: Posting here.
Join Date: Sep 2007
Location: mpls, mn
Posts: 761
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goldman sachs online savings is at 1.2%.
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06-30-2017, 03:04 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,581
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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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06-30-2017, 04:02 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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Quote:
Originally Posted by Just_Steve
Whats a "pop up"?
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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...
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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06-30-2017, 05:22 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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My CU also just raised its savings rates from 1.10% to 1.15% effective today.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-30-2017, 05:35 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
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Quote:
Originally Posted by Blue Collar Guy
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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Oh, I don't see those either.
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06-30-2017, 06:17 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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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.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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06-30-2017, 06:26 PM
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#16
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Recycles dryer sheets
Join Date: May 2013
Location: Western US
Posts: 226
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Barclays Online Savings is also at 1.15% as of a couple of weeks ago.
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06-30-2017, 11:15 PM
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#17
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Recycles dryer sheets
Join Date: Apr 2016
Location: Bay Area
Posts: 187
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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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07-01-2017, 10:56 AM
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#18
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Recycles dryer sheets
Join Date: Apr 2012
Location: Seattle
Posts: 479
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Current customer and just checked. Sure enough the savings account rate is 1.15%. Sweet.
__________________
57 now ER'd at 55 (Megacorp 31 yrs). Still figuring out *retirement*. Company pension and 70/30 asset mix. New to the ER game....
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07-01-2017, 04:20 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,778
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Quote:
Originally Posted by JohnnyBGoode
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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I opened 4 CDs yesterday and it was instantaneous.
FWIW
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07-01-2017, 05:18 PM
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#20
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Recycles dryer sheets
Join Date: Apr 2016
Location: Bay Area
Posts: 187
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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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