New Bank Offers

Ally has lowered both its online savings and its online money market rates to 3.50% APY.   The rate had previously stood at 3.60%.

Ally's no penalty 11-month CD was also lowered to 3.40% from 3.55% APY.

For most of the last decade, Ally was a great online bank that offered aggressive rates.  It now seems to be constantly lowering its rates and hoping that depositors are not enough paying attention to notice that they are increasingly not rate-competitive.