Anyone using Ally or a Kassasa account?

[ArkTinkerer]

Now that we are moving our business accounts, I'm looking at our personal accounts and thinking about where to go with those. Ally has a pretty good ad series and looks pretty good online but has anyone here actually used them? Kassasa looks OK as well.

I like being able to put funds away and get some interest but being able to use any ATM is a real draw for me. Online access to the account info helps as well.

So, again, anyone use these or something like them?

 

[LRDave]

I like Ally a lot. I only use them for online savings and I have a 2-year CD with them. It is pretty easy to move money around and they seem to beat the projected transfer times most times.

 

[Midpack]

We've had all our cash at Ally for about two years, and we've been pleased. Their online savings rates are competitive, and transactions, etc. are quick and user friendly.

 

[racy]

I'm also using Ally, both checking and savings accounts. Love the free, anywhere, ATMs, too! Easy to use web interface. They have a very helpful chat service and good rates.

 

[Cobra9777]

We have our 5% cash allocation at Ally. Transferring in/out is easy and fast. But we don't use any other banking functions... just the online savings, as a convenient place to park cash and earn very competitive rates. We do all traditional banking in a Fidelity cash management account, but keep a minimal balance there.

 

[Willers]

Another favorable opinion of Ally to add to the list. Th majority of my cash is is with them and the service and web functionality is excellent.

 

[Car-Guy]

I had a checking account with Ally for several years but recently closed it. Their service was good but I really didn't use the account very much. I was getting better checking, saving and CD rates at my local brick and mortar bank. I do keep a checking account at Charles Schwab (for free ATM) and find it very easy to move money on-line between my brokerage accounts and checking account as needed.

 

[jetpack]

I use Ally checking and saving. Free checks and interest in both accounts. Deposit funds from my phone.


Sent from my iPhone using Early Retirement Forum

 

[Tailgate]

We have cash in local independent bank Kassasa accounts... dumped Bank of America long ago in favor of earning at least a little interest...
here's a cut and paste of what our bank offers

Free, high-interest checking account
2.50% APY* on balances up to $10,000
2.50% - 0.54% APY on balances over $10,000 depending on balance in account*
0.05% APY* if qualifications aren't met
Nationwide ATM fee refunds*
Can link to high-interest Kasasa Saver account
No minimum balance to earn rewards
No monthly service fee
Free online banking with bill pay
Free paperless e-Statements
Free debit card
Unlimited check writing
Direct deposit available
Check images with statements
Unlimited TeleBanking
$100 minimum deposit to open

 

[Surewhitey]

We have a couple Kasasa accounts...
one pays 1.5% up to $15k First Arkansas Bank & Trust
one pays 1.26% up to $50k Farmers & Merchants Bank (in VA)

Have been with both for 5+ years or so. Definitely feels like small banks when you call in, but all good.

 

[sengsational]

I've had a Kasasa account for a few years. It started great, with 2.25% on 50k. They now are down to 1.5% on 25k. The game is you need one ACH deposit and 10 POS usages on the debit card (per month) I don't like the idea of having a debit card on a higher balance account, but, well, I guess it's just a risk I take. My CU has a better rate on more of the balance, but you need 30 POS transactions a month! I'd need to go to ten different places and spend money every time I left the house!

 

[jkrm]

I opened an Ally savings account about a year ago, then added a checking account about six months ago. I've been very happy with the service - online chat is quick and informative when I need it, checks and ATM use are free, money can be transferred between checking and savings instantly. No problems.