5 Ways Digital Banks Are Attracting Middle-Class Savers [Yahoo! Finance]
Ally Financial Inc. (ALLY)
Last ally financial inc. earnings: 4/20 07:30 am
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Source: Yahoo! Finance
brick-and-mortar banks provide, others choose accounts at digital banks. Despite not having physical branches, the best online banks offer features that increasingly appeal to middle-class customers who want a convenient way to save money at little cost. Here are five ways digital banks are attracting these savers. For You: Warren Buffett — 6 Best Pieces of Money Advice for the Middle Class Explore More: How To Get $340 Per Year in Cash Back on Gas and Other Things You Already Buy Sponsored: Owe the IRS $10K or more? Schedule a FREE consultation to see if you qualify for tax relief. 1. Superior Interest Rates Digital banks tend to offer more competitive rates on their accounts than brick-and-mortar banks do. This helps digital banks attract everyday savers seeking high returns. It's not uncommon to find high-yield savings accounts and money market accounts paying several times the national averages reported by the Federal Deposit Insurance Corporation. Certificates of depo
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ALLY
Earnings
- 4/19/24 - Beat
ALLY
Sec Filings
- 4/30/24 - Form 3
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- ALLY's page on the SEC website