High Yield Savings Account – Checking Interest Rates from Ally Bank vs Wells Fargo and Bank of America
Posted on | August 31, 2010 | No Comments
Obtaining a high yield savings account has been on the minds of many Americans over the last several years as they have done a good job of saving more than they are spending. Checking interest rates from Ally Bank remain very attractive when compared to interest rates from Wells Fargo and Bank of America. It is usually the case that Wells Fargo and Bank of America have interest rates well below 1% while Ally Bank as rate slightly above 1%.
To get a truly high yield savings account it may be wise to consider local community banks. There many community banks spread throughout the country that are currently offering interest rates as high as 5% on a checking account. It is very important to remember that most of these community banks require customers have residency in a specific county or area.
With this being the case it is always a very smart decision to start research locally. With the advancements in technology it is much easier to do research on the banks and lenders in your area from the comfort of your own home or office. Make sure to take advantage of these options as there are many high-yield savings accounts that could help Americans build great wealth over the next several years.
Author: Mike Garner
Tags: ally bank rates > bank of america bank rates > checking account rates > checking interest rates > high yield checking > high yield savings > savings account rates > wells fargo bank rates
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