<prompt> Human: as of now i have a TD student checking. i want to make a savings account, and TD has a APY of .05 ally is offering .89usually when something sounds too good to be true, its either not good or not true. any advice? thank you!  <response>: .89 is not too good to be true.Anyway, the reason its higher is because online banks have significantly less overhead than brick and mortar banks. They can pass those savings on to you in the form of higher interest rates. 