Ally Bank

200 West Civic Centre Drive
Sandy, UT 84070

Phone: 877 247 2559

Visit Ally Bank Website

Notable Rates APY Vs.Others
Savings N.A. 2.25% →
1-Year CD N.A. 2.25% →
2-Year CD N.A. 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Ally Bank is an FDIC insured institution located in Sandy, UT. It was founded in 2004 and has approximately $163.74 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57803
Date Established 2004
Assets $163.74 billion
Loans $121.89 billion
Deposits $117.90 billion
Capital $16.87 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 - December 12, 2019

Your Current Location: Washington, WA 98109

Online Only Savings Rates of Ally Bank

Online Savings Rates APY MIN MAX

Online Only CD Rates of Ally Bank

Online CD Rates APY MIN MAX
3 Month CD
0.75% $25,000 - Learn MoreShow Less
6 Month CD
1.00% $25,000 - Learn MoreShow Less
9 Month CD
1.25% $25,000 - Learn MoreShow Less
11 Month CD
1.90% $25,000 - Learn MoreShow Less
1 Year CD
2.00% $25,000 - Learn MoreShow Less
18 Month CD
2.05% $25,000 - Learn MoreShow Less
2 Year "Raise Your Rate" CD
2.05% $0 - Learn MoreShow Less
3 Year CD
2.10% $25,000 - Learn MoreShow Less
4 Year "Raise Your Rate" CD
2.05% $0 - Learn MoreShow Less
5 year CD
2.15% $25,000 - Learn MoreShow Less
There are currently no rates available for Ally Bank, but see these great savings and CD rates:

Advertiser Disclosure
Checking Rates APY MIN FEE
Interest Checking Account 0.75% $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.



Loan Rates - December 12, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
First Internet Bank
NMLS ID: 424182
3.538% 3.500% 0.50 $1,180 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.633% 3.625% 0.13 $248 $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Ally Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Ally Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Ally Bank Locations


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 BestCashCow.com 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
3.96% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Ally Bank had $704,000,000 in non-current loans and $11,000,000 in owned real estate. To cover these potential losses it had $16,865,000,000 in equity and $1,207,000,000 in loans loss reserves. That gives it a Texas Ratio of 3.96%.

Return on Equity
Ally Bank U.S. Bank Average
12.91% 9.50%

Ally Bank has a Return on Equity of 12.91% versus the BestCashCow average of 9.50%. 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.

Capitalization
Ally Bank U.S. Bank Average
10.3% 12.76%

Ally Bank has a Capitalization of 10.3% versus the BestCashCow average of 12.76. 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 June 30, 2019, Ally Bank had assets of $163,735,000,000, loans of $121,885,000,000, and deposits of $117,895,000,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $3.09 billion
Interest-bearing balances $2.72 billion
Total securities $25.88 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $121.89 billion
Loan loss allowance $1.21 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.00 billion
All other assets $12.27 billion
     Total Assets $146.87 billion
LIABILITIES
Total deposits $117.90 billion
      Interest-bearing deposits $117.62 billion
      Deposits held in domestic offices $117.90 billion
      % insured (estimated) 91.11%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $25.40 billion
Subordinated debt $0.00 billion
All other liabilities $3.58 billion
      Total Liabilities $146.87 billion
      Shareholders’ Equity $16.87 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $4.08 billion
Total Interest Expense $1.61 billion
Net interest income $2.48 billion
Provision for loan and lease losses $0.50 billion
Total non interest income $0.97 billion
Total non interest expense $1.56 billion
Pre-tax Net Operating Income $1.38 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.64
Multifamily
Mortgages
0.03
Credit Card Loans 0.00
Consumer Auto Loans 48.28
Small Business Loans 0.05
Construction and Development Loans 0.14
Commercial Real Estate 3.55
Commercial and Industrial Loans 33.62
Farm Loans 0.00

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