I just opened the 2.2% savings account with Ally and I have two questions about it for people who also save with them.
1) At the end of each month, does the 2.2% get added to your balance, or is it deposited annually? So if I put in 1000 would I see my balance as 1022 next month?
2) Is there any reason why I shouldn't dump all of my checking account into the savings account? I'm trying to find a catch to doing so other than the 6 transfer limit, which is nit an issue. Currently I have a few months of expenses sitting in my checking account, and it seems wasteful not to add it all to savings.
Thanks
Submitted February 14, 2019 at 10:00AM by torrent724 http://bit.ly/2SyGj6z
