Ally Bank Foolishly Losing Our Business

GMAC Bank has re-branded itself as Ally Bank. Mr. ToughMoneyLove is not impressed. The reason? Ally Bank has not changed it’s new account policies and fixation on credit scores. Because of that, we are moving the rest of our money away from Ally/GMAC to a bank that values customers with money more than customers with credit scores.

First, some history of how Ally Bank earned the “fool of finance” designation. Read more

For High Interest Checking and Savings, Think Small, Look Local

If you read other personal finance blogs (and I read dozens), you will be exposed to much information about high yield savings accounts from Internet banks.  Account reviews, updates on interest rates, sign up bonuses, and advertisements – it’s everywhere.  This information available is helpful to those who are stuck in conventional low yielding savings accounts at brick and mortar banks. Read more