<prompt> Human: Basically title for reference, I am looking to take some extra money out of my checking account and my crappy banks savings account to open an Ally Savings account.Is there anything that I should consider or think about first like any catches etc when dealing with Ally.  <response>: Make sure you dont end up paying a fee with your old bank for having too low of a balance. You may want to open a checking account with Ally as well. It has a 0 minimum balance so you can just leave it empty, but having it open will allow you to immediately transfer money from your savings to your checking account so you can either write a check or withdraw money from an ATM in an emergency. 