Tag Archives: Ally

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.

Update on my Ally high interest savings account


Hi everyone. Just the other day a visitor that goes by the name of “DJ” left a comment on one of my posts regarding Ally’s high interest savings account, and in that comment he asked if I am still happy with Ally. I figured it would be nice to make a post letting you all know what I think of Ally thus far, so here it goes.

Well, I’ve been with them for over a year now and thus far I am glad to report that I haven’t had one single issue with both their services and their customer support. I haven’t had to get in touch with them often but when I did they helped me out in a courteous and prompt manner. But what makes it all better is the high interest my money has earned thus far.

So in conclusion I will be keeping my Canadian Dollars with them for the forseable future, and I also have no problems recommending that others do the same.

Thanks for visiting.