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Chase vs Ally for savings accounts - Ally won by a mile for me
I kept my emergency fund in a Chase savings earning like 0.01% APY for years. Finally moved it over to Ally last year after seeing their rate at 4.25% and honestly the difference is insane. I'm pulling in about $85 a month in interest now on $25k parked there. Has anyone else made the switch and noticed how much faster your money grows with an online bank?
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william8165d agoMost Upvoted
Ally pays like clockwork while Chase is basically pocket lint, I remember when CDs used to be the only game in town and now you can just park cash in a HYSA and watch it grow. Moved my own rainy day fund to an online bank last year and the first interest payment made me double check I hadn't made a mistake lol. Makes you wonder why anyone keeps serious savings at a brick and mortar joint unless they just like getting pennies back.
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