Ally Bank retention offer
Submitted: January 09, 2010
In general, I find that when a CD matures, the bank will try to roll it over into a low rate CD. Many wont allow you to put the money into a promotional rate. So, when I called Ally Bank a few days ago, I expected that I would need to cash out and look for a new CD. Instead, Ally offered me a retention bonus of 0.5%. So the new 1 year Cd would have a rate of 2.34% (1.84% plus the retention bonus). This is the best rate available anywhere. In addition, they allowed me to put additional money into the CD at that rate.
I was also very pleased with their customer service- I was actually able to speak to a real person, with minimal hold time, on three occasions and they were helpful in terms of arranging a wire transfer of more money into the account.
Find the best Savings or CD Rate
Copyright © 2014 BestCashCow.com, LLC. All Rights Reserved. Privacy
Financial products of all nature bear inherent risks and this website
is not a financial advisory service.
BestCashCow.com provides information related to rates on US-based savings accounts, CD (certificate of deposit) rates, money market accounts, money market funds, government bonds, other bonds and income producing securities, commodities, equity securities, mortgage rates, home equity rates and auto loans rates, free of charge to internet users for their independent use. The accuracy of information on the website is not guaranteed, and no financial product of any sort is endorsed. On certain web pages, BestCashCow.com may contain discussion and analysis of the risks and rewards associated with certain financial instruments, including equity instruments, or may link to other pages with such discussions. The information should not be construed to provide investment advice. In fact, users are specifically warned against following any advice related to specific instruments, including advice that may be on other web pages linked from BestCashCow.com. Please seek personalized advice on the risks and applicability to your own circumstances of any financial product from a qualified professional. © BestCashCow.com, LLC, 2014.