|APY||ACCOUNT TYPE||ACCOUNT NAME|
1.00% - Ally Bank Online Savings Account
|1.65%||5-year CD||60 - 120 Month My Term CD|
1.75% - Ally Bank High Yield 5 Year CD
|1.30%||3-year CD||30 Month My Term CD|
1.55% - Ally Bank High Yield 3 Year CD
This guy above or below is out of his mind for giving this bank 1 star just because of their security policy....
Here's my take on this bank:
Sure the staff is not the best, no fancy app, no sexy webpage and no debit card.
The bottom line is right now they are beating every MMA/savings account with 1.25% APY.... So stop whining! They are keeping their cost low and in return you get a healthy APY.
So you are worried they have a C+ Health rating ..... Who care's as long as you don't have over 250k (500k for joint account) then this shouldn't worry you since they are FDIC insured.
So if you have some money you wanna put to safe work, this bank is awesome, you won't get any checks or debit card to easily access your money, you will need to do a free ACH transfer to your primary checking account, but again who cares it's a savings account you can wait 2 days.
I was super skeptical when I opened my account but I conducted extensive research and went for it... My account took a day to setup, they didn't even email me to let me know I was approved (they are really keeping the budget low lol). Funding my account took another day and the portal to view my account is nice and simple.
Also another perk is that the Mint.com app supports this bank. The last bank I had my savings in didn't !
Another perk is absolutely no fees!
Hope this helps someone =]!
I absolutely love my account with MySavingsDirect. During my initial setup of the account, I had improperly linked my checking account and was unable to verify it. All it took was one brief call to their customer service department to have my issue fixed. The service member was very kind and prompt in helping me fix my issue, and it was resolved by the end of the day. I have had my account for over a year now and I am still highly pleased with my experience. The website is simple, but it is also extremely user friendly. I have never had a single issue transferring my money between any of my accounts. The interest rate is also higher than most banks, so the extra money earned from keeping my savings in the is a nice bonus. I love MySavingsDirect and highly recommend it to everyone.
I was attracted towards the online savings account because of the interest rate that was being offered about an year ago. Account setup was really easy to do and did not face any problems. Customer service was quick the few times I contacted them. Also, there were no minimums or fees of any sort which made it sound really good. But the interest rate kept steadily dropping from the original 1.25% that was offered. Going to the trouble of having an online savings account without access to a brick and mortar branch was worthwhile because of the interest rate that was offered. That has sadly changed. I will still be using this as a secondary bank account though because of the absence of above said restrictions that other banks usually impose on online savings accounts.
|FDIC Certificate #||12054|
|Return on Assets - YTD||0.4%|
|Return on Equity - YTD||2.37%|
|Annual Interest Income||$133.0MM|
|Assets and Liabilities|
|Assets||Q2 2016vs Q2 2015||$6.46B$5.99B|
|Loans||Q2 2016vs Q2 2015||$4.29B$4.00B|
|Deposits||Q2 2016vs Q2 2015||$5.20B$4.57B|
|Equity Capital||Q2 2016vs Q2 2015||$1.11B$1.07B|
|Loan Loss Allowance||Q2 2016vs Q2 2015||$72.5MM$77.6MM|
|Unbacked Noncurrent Loans||Q2 2016vs Q2 2015||$199.3MM$255.4MM|
|Real Estate Owned||Q2 2016vs Q2 2015||$49.8MM$54.0MM|
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Always verify rates and promotions with the bank or credit union. We are not MySavingsDirect; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.65%||$1k||-||60 - 120 Month My Term CD|
|1.30%||$1k||-||30 Month My Term CD|
|0.85%||$1k||-||6 Month My Term CD|
MySavingsDirect is an Internet only bank and does not have branch locations. Its headquarters is located at 5 East 42nd Street - New York, NY 10017