<prompt> Human: It was recently suggested to me that I move my savings account from one bank that was offering about .01 interest to Ally Bank that seems to Offer a much higher interest rate. However this seems to good to be true. It appears that they invest it for you and so there is some more risk involved but other than that it seems like it would be a good deal. Is there something Im missing?  <response>: Ally savings accounts are protected by the FDIC, same as any brick and mortar bank. Thats about as safe as savings accounts get. 