Ally Bank


200 West Civic Centre Drive
Sandy, UT 84070
See all branch locations →

Phone 877 247 2559

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.87% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Ally Bank is an FDIC insured institution located in Sandy, UT. It was founded in 2004 and has approximately $169.38 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57803
Date Established 2004
Assets $ 169.38 billion
Loans $ 111.27 billion
Deposits $ 141.89 billion
Capital $ 17.20 billion

For a more detailed analysis of Ally Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - January 19, 2022

Your Current Location: Virginia, VA 20146

Online Only Savings Rates of Ally Bank

Online Savings Rates APY MIN MAX
Online Savings Account
0.50% $0 - Learn More

Online Only CD Rates of Ally Bank

Online CD Rates APY MIN MAX
6 Month CD
0.20% $25,000 - Learn More
11 Month CD No Penalty
0.50% $25,000 - Learn More
1 Year CD
0.55% $25,000 - Learn More
18 Month CD
0.60% $25,000 - Learn More
2 Year "Raise Your Rate" CD
0.55% $0 - Learn More
3 Year CD
0.65% $25,000 - Learn More
4 Year "Raise Your Rate" CD
0.55% $0 - Learn More
5 year CD
0.80% $25,000 - Learn More
Checking Rates APY MIN FEE
Interest Checking Account 0.10% $0 $0.00 Learn MoreShow Less

Bank Offers

Ally Raises No Penalty CD Rate to 2.30% on deposits over $25,000
Dec 20, 2018

Ally's 13-Month No Penalty CD rate on deposits over $25,000 is now 2.30%.  The No Penalty CD may be opened online, and closed online at any point after one week without penalty.   Ally usually offers this product at a premium and often raises this rate faster than its raises its savings rate (see our discussion on No Penalty CDs here).

Ally increases its online savings rate from 2.00% to 2.20%
Jan 17, 2019

Those with over $25,000 at Ally may find its 11-Month No Penalty CD to be more attractive and that rate remains at 2.30%.

Ally Bank Lowers Its 1-Year CD Rate to 2.60%
Jun 3, 2019

Ally Bank has lowered its 12-Month CD rate from 2.70% to 2.60%.   See all of the highest online 1-year CD rates here.

Ally Drops Its Online Savings Rate to 1.90%
Aug 5, 2019

Ally has dropped its online savings rate to 1.90% and is no longer competitive with the best rates available.   Customers should consider moving their assets with Ally to its No Penalty CD products or perhaps its CD products which remain competitive.  

Bank Online Offers

Ally Bank raises its online savings rate
Jun 29, 2018

Ally Bank has raised its online savings rate to 1.75%.   The complete list of the best savings and money market rates is here.  Ally Bank has also raised some of its CD offerings, including its 2-year and 4-year "Raise Your Rate" CDs to 2.50% on balances over $25,000.   Ally's new rate on its 11-month no penalty CD is now 1.85% on balances over $25,000.  All of Ally's rates are listed here.

Ally Raises Savings and 11-Month No Penalty CD rates
Aug 3, 2018

Ally Bank raised its savings rate this morning to 1.80% on all balances.   Ally also raised its 11-Month No Penalty CD rate to 2.00% on balances over $25,000.   You can find a complete list of rates and offerings from Ally here or compare all online savings rates here.

Ally Raises Online Savings Rate to 1.90%
Oct 5, 2018

Ally Bank has raised its online savings rate to 1.90% on all balances.   Those with more than $25,000 to deposit will find Ally's 11-Month No Penalty CD at 2.10% to be more compelling.    

Ally Drops Its 11-Month No Penalty CD Rate to 2.20%
Aug 11, 2019

Ally has dropped its 11-Month No Penalty CD rate to 2.20%.   The product, which BestCashCow had strongly recommended while the rate stood at 2.30% APY, has a $25,000 minimum deposit requirement.   See all special term CDs here.

Ally Reduces Savings Rate From 1.90% to 1.80%
Oct 9, 2019

Ally has lowered its savings rate, yet again, in anticipation of further Fed Funds rate decreases later this year.

Once Again Ally Lowers Savings Rates
Nov 13, 2019

Ally Bank has lowered its savings rate to 1.70% from 1.80%.   Ally seems intent to become less competitive for your money.

Ally Lowers Online Savings Rate to 1.60%
Dec 21, 2019

Ally has lowered its savings rate to a decidedly uncompetitive 1.60% APY.   A better bet is its 11-month No Penalty CD which is now 1.85% APY.

Ally Lowers Online Savings Rate to 1.50%
Mar 13, 2020

Ally Bank has lowered its online savings rate by 10 basis points today.

Ally's Online Savings Rate Lowered from 1.25 to 1.10% APY
Jun 11, 2020

Savings rates continue to fall.

Ally Lowers Online Savings Rate to 1.00% APY
Jul 7, 2020

Ally has lowered its online savings rate 1.00% APY.

Ally Lowers Its Online Savings Rate to 0.80% APY
Aug 13, 2020

Ally has lowered its owline savings rate today from 1.00 to 0.80% APY.

Ally Lowers Online Savings Rate to 0.60% APY
Sep 24, 2020

Ally has lowered its online savings rate from 0.80% APY to 0.60% APY.

Ally's Online Savings Account Rate Lowered from 0.60 to 0.50% APY
Dec 10, 2020

Ally's OSA rate keeps falling.


Loan Rates - January 19, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Ally Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Learn More
First Internet Bank
NMLS ID: 424182
3.540% 3.500%
0.50 points
$1,235 fees
$1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Ally Bank
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Climate Initiatives

Ally Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Ally Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ally Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Ally Bank U.S. Bank Average
5.98% 4.33%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2021, Ally Bank had $1,218,000,000 in non-current loans and $1,000,000 in owned real estate. To cover these potential losses it had $17,203,000,000 in equity and $3,174,000,000 in loans loss reserves. That gives it a Texas Ratio of 5.98%.

Return on Equity
Ally Bank U.S. Bank Average
22.07% 11.13%

Ally Bank has a Return on Equity of 22.07% versus the BestCashCow average of 11.13%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Ally Bank U.S. Bank Average
10.16% 11.79%

Ally Bank has a Capitalization of 10.16% versus the BestCashCow average of 11.79. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Ally Bank Balance Sheet Analysis

As of September 30, 2021, Ally Bank had assets of $169,383,000,000, loans of $111,267,000,000, and deposits of $141,888,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2021
Cash & Balances due from depository institutions $ 10.30 billion
Interest-bearing balances $ 10.00 billion
Total securities $ 30.44 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 111.27 billion
Loan loss allowance $ 3.17 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.00 million
Goodwill and other intangibles $ 160.00 million
All other assets $ 16.34 billion
     Total Assets $ 152.18 billion
Total deposits $ 141.89 billion
      Interest-bearing deposits $ 141.63 billion
      Deposits held in domestic offices $ 141.89 billion
      % insured (estimated) 87.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.05 billion
Subordinated debt N.A.
All other liabilities $ 4.25 billion
      Total Liabilities $ 152.18 billion
      Shareholders’ Equity $ 17.20 billion

Summary Income Statement

September 30, 2021
Total Interest Income $ 5.38 billion
Total Interest Expense $ 990.00 million
Net interest income $ 4.39 billion
Provision for loan and lease losses $ 146.00 million
Total non interest income $ 1,983.00 million
Total non interest expense $ 2.60 billion
Pre-tax Net Operating Income $ 3.63 billion

Bank Loan Profile?

The top three loan types in Ally Bank’s loan portfolio are Consumer Auto Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Utah, Ally Bank has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.88
Credit Card Loans 0.00
Consumer Auto Loans 61.87
Small Business Loans 0.04
Construction and Development Loans 0.19
Commercial Real Estate 4.01
Commercial and Industrial Loans 18.61
Farm Loans 0.00

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