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Carrick on money: Hey Ally customers, here’s how to flee RBC

Running for the exit.

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

For Ally customers: How to flee RBC
A thorough roundup of options for customers of the online bank Ally who don't want to move over to Royal Bank of Canada. Ally, with a rate of 1.8 per cent on savings, will be shut down on April 30 by RBC, which pays 1.2 per cent on its savings account.

Lesbians make more money
A review of a book called Dollars and Sex that explores how economics influences sex and love. One finding: Lesbians are, on average, paid wages about 6 to 13 per cent higher than wages paid to heterosexual women.

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How to fight over-spending on groceries
Interesting idea from a blogger - take a calculator with you and look at your running total as you put items in your cart.

Are you a stock or a bond?
York University finance professor Moshe Milevsky writes here about how your career should factor into your investing decisions. Milevsky describes people with stable careers as bonds, and suggests they can accept more stock market risk. People with careers where income can be variable or tied to the economy are stocks, and they should be more cautious about the stock market.

More money
Join the 20,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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