<prompt> Human: edit:Ill add some helpful details and a comment summary here since this post got a little traction:-Apparently this is a rate that Im getting screwed at and one that I just accepted up until now-Im with Wells Fargo, but it appears that its not the only major bank with such a low interest rate-People in this thread are recommending Ally, Discover, and Capital One, which all have rates of 1.15-1.2. Some do have some requirements about how long it takes to transfer money and minimums you need for an account though.-Other people are recommending investing, which sounds like a good option once I have a bit more-NerdWallet and BankRate are two sites with helpful information for comparison here.-For those of you that hate math, if I switch over to a bank with a rate at 1.2 Ill be getting over 200 per year instead of 1.80. Holy shit.edit 2: Just to clarify, Im reading every comment in my inbox. I appreciate all of them, its just theres a bajillion of them so instead of thanking everyone personally I just wanted to say thanks here.Assistant: Move it to an online savings account. Ally just went up to 1.2 interest. Consider that it will take 3 days to access the money. Do you have a retirement fundneed this money?Human: I pull some out occasionally, but theres a huge chunk I could just leave in there and not worry about. My current bank is Wells Fargo. Would an online account make it difficult to transfer from my savings to a checking account at WF? Im a total newbie at this, so sorry if these are dumb questions.Assistant: Its real easy. I move money to my Ally account all the time from my checking at a local bank. About 4 clicks. Takes 3 days to move the money though.I think all savings and money market accounts are subject to withdrawal rules thoughThere are Federal limits on transactions from U.S. savings and money market accounts.You can always call us and request a check made out to you. You can also make unlimited deposits and ATM withdrawals. But, Federal law limits other electronic, telephone and check transactions to a total of 6 per statement cycle. These limited transactions can be to other accounts or to a third party. If you go over the limit we charge 10 per transaction.Human: Thank you, thats great to know. Does Ally have any advantages over other banks that offer 1.2?  <response>: The reason I chose them over the other similar accounts no fees, no minimums was they have a good user friendly app and website. I have a shared savings account with my spouse and I knew if it wasnt mobile friendly she wasnt going to be interested. 