quote:

Originally posted by Spiff_P239:
My main reason for considering the move is the fact that my credit union offers 0.01% interest on my savings account, whereas Ally and Capital One offer 2% and 1% respectively.

You do realize that once you apply the current rate of inflation you're making nothing on your money with that type of investment.

As to your other question, if you already accomplish the majority of your banking via online means, you shouldn't see much different moving to an 'only' online bank.

I mostly left BOA for ING years ago. Keep a minimum in BOA for a free account so I would still have a bank with a physical presence.

Capital One bought ING a few years back and opened local branches near me so my online banking now has a physical presence. Been inside a few times and it's always staffed with friendly competent people. Something BOA could never seem to do.

Capital One has been good to go for me. Even better now that they have physical locations near me.

I have experience with FNBO and Sallie Mae.

FNBO has on-line bill pay which is nice and I used it extensively when I was an expat.

Sallie Mae’s money market has check writing so I use it for my infrequent payments That otherwise ass rape you for paying electronically (eg annual property taxes).

I can transfer money back and forth for free.

ING is (was) a solid bank...following in the footsteps of the insurance conglomerate by the same name...now known as Voya in the US. I’m also ok with Capital One and have used them for some lending. They’ve got the online thing oiled imo.

But Ally Bank....ugh. It’s just GMAC (General Motors Acceptance Corporation)repackaged following the 2008-2009 banking scandle. No thanks.