In this video, I will highlight the benefits of having an account at Ally Bank. (www.ally.com).
Recently, they increased their savings rate to 3.3%. The savings rate at Chase bank is 0.1%. So if you have that emergency fund, saving for a new car or house, and the money is just sitting in an account, why not have it sit in a bank account and you can earn extra cash.
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Ally’s mobile app is very user-friendly and what I like about it is the ability to set-up recurring transfers to my Ally savings account from another bank account I use. I don’t have to think about the amount of money I need to put in my emergency fund each month - its automatic. I encourage people to
The investment return in the S&P 500 in 2022 was about -17%. I firmly believe in investing in the market. 2023 maybe a great year, but for a portion of your personal assets, I suggest keeping them in a high-interest savings account like Ally.
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About my channel:
Rob CPA channel was created with a mission to provide viewers with accurate content so they can be proactive in their tax planning strategies and build financial wealth. The video topics I selected reflect real-world issues that I’ve seen our clients experience relating to their personal tax returns, retirement plans, and accounting.
The channel allows me to share my passion for taxes, personal finance, and accounting. I create content I wish schools and entrepreneurship programs/accelerators would teach their students and companies. I take complex topics and simplify them for the viewers as well as show examples.
I will be covering the following topics:
- Personal & business tax planning tips;
- Personal finance;
- Accounting;
- Investing;
- Entrepreneurship
New videos are released every week, so be certain to SUBSCRIBE! : shorturl.at/fL014