APY stands for Annual Percentage Yield. It reflects the real rate of return on your savings, taking into account the effect of compounding interest over the year.

We streamline the setup process by handling the paperwork and liaising with Ally Savings Bank. All you need to do is provide some basic information, and we'll take care of the rest.

Yes, you can. While we encourage saving for the future, we understand that flexibility is key. You can withdraw your funds whenever you need to.

 Your savings are held at Ally Savings Bank, which is FDIC insured, ensuring your money is protected up to the legal limit.

Interest is compounded daily and paid out monthly, allowing your savings to grow steadily.