Ally Bank

P.O. Box 951
Horsham, PA 19044

Ally Bank

2018 Overview

General Online Bank Information

Deposits FDIC Insured Yes
Insured Bank Ally Bank
FDIC Certificate # 57803
Date Established 2004
Assets $146.9 billion
Loans $110.97 billion
Deposits $100.26 billion
Capital $16.16 billion
Money that you deposit is held by Ally Bank. Ally Bank is an FDIC insured institution founded in 2004. It has approximately $146.90 billion in assets.

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 - November 21, 2018

Online Savings and Money Market Rates APY MIN MAX
Online CD Rates APY MIN MAX
3 Month CD
0.75% $25,000 - Learn MoreShow Less

Bank 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.    

Customer Reviews for Ally Bank (48)

  • Joe

    September 22, 2018 |

    Online CDs 12 Month Rates

    I opened a new account sent app in by mail and never received a response by e-mail or post. Customer service parroted proceeduses promised documentation never came, had to contact the Utah Banking Commission home to Ally Bank Charter to get a response Ally wanted 20 more days after the two weeks I already waited for any kind of response they received my money, very poor customer service, there system is robotic and so are the people unable to even send a courtsey reply, big mistake

  • Russell Rodgers III

    August 18, 2018 |

    Online Savings Rates

    I love Ally. It is the best bank on this list. find the 1.80% savings rate on this table to be deceptive. You can just open the 11 Month No Penalty CD and cancel whenever you want. The rate is 20 basis points higher than the savings rate right now and it is the same thing as a savings account. If you showed that rate and no this one it would be the best rate on the table and then nobody would have any need to mess with any of this other stuff.

  • Phil Dellova

    August 15, 2018 |

    Online CDs 12 Month Rates

    I see on this website that there are some CDs higher than Ally which struck me as a little surprising since Ally has always been the gold standard. I think that before buying a CD, anyone needs to compare the early withdrawal penalty of the one that they are buying with those penalties Ally offers. From Ally's website:
    High Yield CDs Purchased or Renewed on or After 12/07/13
    The penalty we charge will depend on your CD term.
    24 months or less - 60 days of interest
    25 months – 36 months - 90 days of interest
    37 months – 48 months - 120 days of interest
    49 months or longer - 150 days of interest

    Anything less that 2 years is only a two month interest penalty, and nothing is ever more than 5 months! This seems a whole lot safer than some of these other rates.

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