Done gone up an entire percent since I opened an account with them last year :wowhand2:. I can't wait to see how much in interest I can rake in when I have some real money in there.
I'm opening an account with them soon
I've been trying to spread the gospel. Even if they were to lower their rates, the fact that interest compounds daily rather than monthly makes all the difference.I'm opening an account with them soon
I'm opening an account with them soon
Been with them since they were GMAC bank. Online banking is the way to go and they are always offering the best interest rates!I've been trying to spread the gospel. Even if they were to lower their rates, the fact that interest compounds daily rather than monthly makes all the difference.
Care to explain that in laymans terms cuz I get paid interest once a month so if it's supposed to be daily thenI've been trying to spread the gospel. Even if they were to lower their rates, the fact that interest compounds daily rather than monthly makes all the difference.
On monthly compounding account, they'll pick out a day (probably the last of the month), take a snapshot of your balance, then calculate your interest and pay you. On a daily compounding account they'll take that snapshot everyday, calculate interest, add it to your balance (on the back end), then at the end of the month you'll get that dividend payout. With Ally I think they fudge it a little and they some sort of calculation based on the average balance you have per day. So if your savings is in flux then you could wind up messing with your average. If you have the mobile app you can witness this with the Daily Interest Accrued metric. If you check regularly you'll see it rise when you deposit, or fall when you withdraw. I do some bill pay from mine so I see both regularly.Care to explain that in laymans terms cuz I get paid interest once a month so if it's supposed to be daily then
They got total stock market ETFs, Technology sector ETFs, etc.Question 6 Figure Brehs and Brehettes,
After maxing your employer's 401k match and contributing the max into your roth IRA what are some other good investments to look into? ETF? Individual stocks etc?
Ideally I want something I can contribute to for the next 1.5 years before I move out of the country. When I move out of the country I'd like to use my capital for working capital instead of investments. I'd just want the investments to run on auto-pilot for the duration I'm out of the country.
I see what you mean. I put money in every week when I get paid so it gotta flux. So it'll flux but not by much. So right now it says like 1.01 on that daily interest but it can go up if I put like 100 each week so then they just get the total each day and it comes out to like $30 a month or whatever it is and that's what they pay out then. Ok makes sense. Hopefully I can increase my contributions again soon since I had dropped them so I can bring my daily interest up.On monthly compounding account, they'll pick out a day (probably the last of the month), take a snapshot of your balance, then calculate your interest and pay you. On a daily compounding account they'll take that snapshot everyday, calculate interest, add it to your balance (on the back end), then at the end of the month you'll get that dividend payout. With Ally I think they fudge it a little and they some sort of calculation based on the average balance you have per day. So if your savings is in flux then you could wind up messing with your average. If you have the mobile app you can witness this with the Daily Interest Accrued metric. If you check regularly you'll see it rise when you deposit, or fall when you withdraw. I do some bill pay from mine so I see both regularly.
Got my first two Ebay sales in years, This feels like a good addiction to have