February 15, 2021


After Simple bank shut down, I moved my money to Ally

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • My boyfriend and I had our first joint account at Simple, so it was a blow when the bank shut down.
  • I investigated other options and decided on Ally as a new home for our funds.
  • I’m glad we made the switch — our money is earning more interest than before.
  • Visit Personal Finance Insider for more stories.


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3 Simple Ways Investing Can Double Your Money

What’s the simplest way to double your money? The punchline of an old joke will tell you to hold your cash up in front of a mirror. Sadly, that method doesn’t increase your wealth or purchasing power even a little bit. A better strategy is to put your cash in the stock market, where you can rely on simple concepts to double its actual, spendable value. Here are three of those concepts to get you started.

1. 401(k) employer match

Employer match is the easiest and most reliable way to double your money in an investment account. All you have

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