Who uses Ally Bank?

[Leo]

I just opened an online savings account and transfer "all" my emergency fund money because of their higher interest rate compare to traditional bank.

I was wondering who else uses online bank or ally in particular. I'm not sure if it's safe to put all my emergency fund money in one basket.

I know it's insured and they are legit bank. I know web security nowadays is better and I can track my money online everyday but I still have this question, do i need to worry about something?

[kork13]

I wouldn't worry about anything in that regard, and I don't. As you said, they're insured, secure, and are under no impending danger.

I have pretty much all of my cash savings with ally, in total about $15k. Home account (taxes, insurance, repair), car purchase account, general savings, and a small part of my EF (~$2k).

I personally keep the majority of our EF in I-Bonds, to which I have migrated over the last few years. They're earning more than Ally & comparable banks, and will continue to follow inflation.

[feh]

Nothing to worry about. They are one of the most popular online banks.

We keep our EF there.

[safari]

I've been using them since 2006, back then it was called GMAC Bank. The best online bank, never had any issue with them, even during the financial meltdown of 2008.

[sblatner]

Our son has Ally Bank and we use Barclays Bank. Money is FDIC insured so not a problem.

[ACarboni]

There services are very nice. whether you prefer email, phone or online chats, you can always find access to their 24/7 customer services.

[SavingSteve]

I use Ally Bank. They are great. Interest compounds daily and rates are competitive. Transfers happen quicker than other banks I use too.

If you're worried about having all your savings in one online bank, why not split it between two?
Discover bank might be a good choice. They have a good savings account and Discover is certainly not going anywhere.

[Bright]

I have all our liquid cash in Discover bank. We have been happy with them for a long time.