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Add A Little Interest To Your Checking Account
Posted By Ron On February 24, 2011 @ 5:00 AM In Banking,Personal Finance | Comments Disabled
Ally Bank  has come out with their Interest Checking Account  and IS interesting in that it has a higher rate than most traditional on-ground bank savings accounts. The convenience of a checking account  – the interest rate of a savings account  – now there’s a good idea.
Ally even has a nifty little setup that shows you how much interest you’ll earn based on your average daily balance. Currently (as of Feb 24, 2011), Ally’s Interest Checking  has a higher rate than ING Direct , Bank of America, E*TRADE , Wells Fargo, or Chase.
Plus Ally’s Interest Checking  account has a great safety feature called Overdraft Transfer Service. Simply link an Ally Online Savings  or Money Market account to your Interest Checking account. If you exceed your checking balance, they will automatically transfer available funds from your savings account  to cover the transaction(s) – all at no charge to you. Other banks may charge you for this Overdraft Transfer Service.
So, if you’re fed up with your traditional bank using the money in your checking account  and giving you nothing in return, give Ally Bank’s Interest Checking  a try. Remember, you can open an account with ZERO money! Try THAT at any traditional bank.
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