Tag Archives: Ally Bank Canada

Royal Bank buys online savings bank Ally

Hello Canadian savers. It looks like Ally, the online bank offering Canadians the highest interest rate is no more. They’ve been bought out by one of the big 4 banks – Royal Bank of Canada. This is a disappointment for me and no doubt for many of you because all Ally High Interest Savings Accounts (HISA) will be closed on April 30, 2013.

I had an account with them so I guess now is the time to start researching another alternative. Once I find something suitable I will let you all know.

Happy investing.

Alan out.