Ally Bank APY went down AGAIN

[El_Mero_Mero]

It's now at .80 APY. I know that the USA is in a tough time, and that these things fluctuate, but have any of you ever seen it go up?

I've only had an account at Ally since 2018, and it's only gone down since then.

 

[jwinfield]

It's now at .80 APY. I know that the USA is in a tough time, and that these things fluctuate, but have any of you ever seen it go up?

I've only had an account at Ally since 2018, and it's only gone down since then.

Yeah, it's gone up. shyt was going up every other month it seemed like about a year or so ago.

Was at 2.3% at one point.

 

[You Win Perfect]

It's now at .80 APY. I know that the USA is in a tough time, and that these things fluctuate, but have any of you ever seen it go up?

I've only had an account at Ally since 2018, and it's only gone down since then.

been on ally since 2011 they went up for a while and only recently started going down

 

[MoneyTron]

It's now at .80 APY. I know that the USA is in a tough time, and that these things fluctuate, but have any of you ever seen it go up?

I've only had an account at Ally since 2018, and it's only gone down since then.

They are tied to the Fed's interest rate. Right now its at 0% so you're not to get any yield.

I use Linus for some of my savings. They are a small crypto-based saving company and their account returns 4.5%. NO FDIC insurance but they say your money isn't directed tired to the crypto market so if they go sideways as a company you can get your money back.

https://www.getlinus.io/

 

[Deflatedhoopdreams]

They are tied to the Fed's interest rate. Right now its at 0% so you're not to get any yield.

I use Linus for some of my savings. They are a small crypto-based saving company and their account returns 4.5%. NO FDIC insurance but they say your money isn't directed tired to the crypto market so if they go sideways as a company you can get your money back.

https://www.getlinus.io/

The bolded. Many people don’t understand this.

 

[ThaBronxBully]

All These High APY Online Banks Suck You In Then It Plummets

 

[Obreh Winfrey]

I'm not happy about it but I still pull in more than my other savings account, which is why Ally is my primary.

 

[Barnett114]

Every bank APY has went down. It has nothing to do with the bank itself but the Feds interest rates.

Negged.

 

[bnew]

Hi bnew, we’re writing to let you know that the Annual Percentage Yield (APY) for your Online Savings Account is changing from 0.80% APY to 0.60% APY on all balance tiers. Your new APY is effective 9/25/2020 and will show online in your account details on 9/26/2020.

 

[Obreh Winfrey]

. Won't be long before they charge us to save at this rate.

 

[Koli_Kat]

Finna make that switch to Tellus. High yield interest account aren't really a thing anymore.

 

[bnew]

Finna make that switch to Tellus. High yield interest account aren't really a thing anymore.

Tellus | Real Estate Investing

how legit is this?

can people put this under a LLC?

 

[Brolic]

Finna make that switch to Tellus. High yield interest account aren't really a thing anymore.

Tellus isn't FDIC insured though. You might as well invest in stocks with that money.

 

[Eclipser]

They are tied to the Fed's interest rate. Right now its at 0% so you're not to get any yield.

I use Linus for some of my savings. They are a small crypto-based saving company and their account returns 4.5%. NO FDIC insurance but they say your money isn't directed tired to the crypto market so if they go sideways as a company you can get your money back.

https://www.getlinus.io/

 

[Koli_Kat]

Tellus isn't FDIC insured though. You might as well invest in stocks with that money.

Stocks aren't either.

Guaranteed 4% interest or invest in a stock that could go down.

Pick your poison.