Ally Bank Increases Savings Rates

(Note: all rates are as of 05/07/2010)

After watching banks lower their interest rates for the past year, it is refreshing to see that Ally Bank has increased their rates. Their Online Savings Account has increased to 1.29%. Ok, sure that isn’t a huge jump, but it is a jump in the right direction! I haven’t seen an increase from any other bank yet.

Hopefully Ally Savings Bank will continue to raise their rates and be a leader. They have maintained the highest rates for a no fee and no minimum balance saving account. I still think that Ally is the best savings account out there when you take into consideration their rates and account features.

Check out my Ally Bank Review for more details.

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