Ally or Barclays online banking - your thoughts?

[NewDay1]

Any opinions on using online banks such as Ally or Barclays?

Savings rates are much better.

Your thoughts?

Thank you.

[sailinlight]

I use Barclays but just be aware that they don't support wire transfers. Also there are daily transfer limits which are quite low like 5 or $10k. I dont' have any recent experience with Ally.

[MustacheAndaHalf]

Ally has offered high online savings rates consistently, and I like their web interface.  It's very easy to see your accounts and move money around.

[Catica]

I used Barclays for several years and it was fine, but I just moved all my money out, as there are banks that offer better interest rates than Barclays and Ally.

[GizmoTX]

We’ve used Ally, Synchrony, & CIT — all good. They vary on interest rate over time.

[Rob_bob]

I use Ally and also their no penalty CD's.

[Steeze]

+1 Ally . Only Inconvenience is of you need to deposit cash for some reason.

[HBFIRE]

I've used Ally for many years and it's been a good place to occasionally park emergency funds. I like that they always stay competitive with the top rates.  Some banks use teaser rates then don't stay as competitive, this has never been the case with Ally.

[sisto]

We like Ally. That's where we keep our emergency funds. They just raised the rate too. :)

[therethere]

Depends what you're using it for. If it's just for savings they are great and no hassle.

If you're looking for a checking account it depends on the features you need. If you want it for ATM's and you travel internationally ever I would not recommend them. They always shut down my card.

[confused101]

10K or above, Capital one has a promotion right one for its savings account. You get extra 200 and interest is 2%
https://www.doctorofcredit.com/capital-one-200-money-market-account-bonus/

[Upwardly Frugal]

I don't know anything about Barclays online banking. But I've used Ally's online banking for five years and I still love it. Not just the competitive rates on savings, but the whole experience has been good.

[hbrocks]

 Thanks everyone -
Just opened an Ally account to park our emergency fund :)

[2Birds1Stone]

Ally has promo CD rates every so often that are very competitive. I just got a targeted offer for 2.85% @ 14 month term.

Their MM Account currently pays 2.2% which is awesome.

[Livingthedream55]

Another vote for Ally. It's where I keep my emergency fund (savings account).

[tralfamadorian]

Out of 20 or so checking and saving accounts that I've churned for bonuses, Ally is the only one that I decided to keep.

[DreamFIRE]

I use Ally also.

If you want the 14 month 2.85% CD, when you get to the point you see the drop down box for "term", select the option at the bottom that says, "Select 14-Month CD".  It was available there even though it didn't show as one of the available options prior to that.

[JLee]

Depends what you're using it for. If it's just for savings they are great and no hassle.

If you're looking for a checking account it depends on the features you need. If you want it for ATM's and you travel internationally ever I would not recommend them. They always shut down my card.

I keep a Charles Schwab account / debit card for international travel. They reimburse ATM fees (including internationally).