Articles by tag - ally bank

Ally is offering a 0.50% APY on balances $14,999 and under and a 1.05% APY for balances $15,000 and over. However, you should closely look at your spending habits and deposit amounts before committing to any bank offer.
Posted on January 01, 2011 by
NOVA Bank has a great rate on a short term CD, but not without some drawbacks.
Posted on June 03, 2010 by
People do not generally have a good feeling toward banks. But Ally Bank is trying to change that with exciting products and features for new and existing customers.
Posted on February 27, 2010 by
Ally Bank today rolled out a new checking online checking account. Up until now, the online bank had only offered savings and cd products.
Posted on January 15, 2010 by
A CD I opened with Ally Bank a year ago matured a few days ago. I called to cash it out, and was very pleasantly surprised by their response.
Posted on January 09, 2010 by
Caving in to the American Banker's Association, the FDIC has stipulated that the amount of loan debt it provides Ally Bank will be dependent on the deposit rates it offers. We've already seen Ally Bank lower its rates once after the ABA letter and I suspect we'll see more reductions in the future.
Posted on June 11, 2009 by
GMAC today issued a statement commenting on the filing of its once parent corporation General Motors. The statement shows that while the financing company does have exposure to GM, the terms of the bankruptcy will hopefully minimize any losses.
Posted on June 01, 2009 by
Ally Bank is the new official name for GMAC bank.
Posted on May 29, 2009 by
Last week, the American Bankers Association sent a letter to Sheila Bair, the Chairwoman of the FDIC complaining about the high rates offered by Ally Bank (formerly GMAC). Today, Ally Bank sent its rebuttal.
Posted on June 01, 2009 by
The American Banker's Association sent a ltter to the FDIC's Sheila Bair on May 27th, requesting the agency take action to force Ally Bank to lower its rates. They claim Ally Bank is acting irresponsibly by offering above market rates. I don't see the ABA sending letters to agencies when banks raise the rates on their credit cards to usurious levels.
Posted on May 29, 2009 by
Generally, the longer the term the CD, the higher the APY it pays. If you want the higher interest rate but don't want the long-term commitment, you may want to check out low or no penalty CDs. Ally Bank has a few to offer.
Posted on July 19, 2011 by

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