The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Displaced on March 17, 2013, 12:56:26 PM

Title: Barclays vs. Ally bank?
Post by: Displaced on March 17, 2013, 12:56:26 PM

I'm looking to open a new savings account.  Ally is currently 0.85% vs Barclays 1.00%.  Any reason to not use Barclays?
TIA!

Title: Re: Barclays vs. Ally bank?
Post by: Paul der Krake on March 17, 2013, 03:58:56 PM

Barclays has a higher yield, but Ally makes it easy to link accounts if you already use them for checking (or plan to). Went with Barclays for an emergency fund. Nothing unexpected to report.

Title: Re: Barclays vs. Ally bank?
Post by: Displaced on March 17, 2013, 04:11:30 PM

I wasn't even aware Ally had an interest checking account.  Maybe I'll consider that.  I've just been using suntrust because that's where we've been "all these years" and they seem fine.  But now it seems like a waste of money.