Source: Pew Research Center
The Pew Research Center published a study that shows 51% of American adults, or 61% of Internet users, online banking. According to the data, it is clear that younger Internet users, those 18 to 29, reported the largest increases for online banking. These results, which are based on representative national surveys clearly show that Internet banking is on the rise.
While many of those users can simply access their traditional bank accounts online just for transfers and check balances, they still may not know all the benefits of having an account in a bank full line, as Ally. Not only can you use your ATM card worldwide and Ally waive the fee for you, but Ally online savings account offers a much higher rate than traditional savings accounts. For example, currently offers 0.84% APY Ally, while Bank of America account regular savings gives .01% APY. In addition, some of the top online savings accounts require no minimum balance and charge no additional fees.
With more bank comfortably online, it's time for users to enjoy the benefits of online savings. Discover our new infographic to learn more about how online savings accounts can help your money go further.