Is online savings account safe, like ally, orange, discover and others?

Credit and mortgage advice Forums Consumer Credit Is online savings account safe, like ally, orange, discover and others?

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    • #227355
      Anonymous
      Inactive

      I was thinking of opening a new savings account b/c my current bank is paying me .05% interest. My main concern is that is an online bank safe? What would happen if they would close there website, how would you get your money back? I was really looking to open an account with Ally. If anyone has an account with them and could post your experience with them, that would be great. I am skeptical about opening an online savings account.

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