Ally Bank

P.O. Box 951
Horsham, PA 19044

Ally Bank

2019 Overview

General Online Bank Information

Deposits FDIC Insured Yes
Insured Bank Ally Bank
FDIC Certificate # 57803
Date Established 2004
Assets $162.15 billion
Loans $121.42 billion
Deposits $115.27 billion
Capital $16.5 billion
Money that you deposit is held by Ally Bank. Ally Bank is an FDIC insured institution founded in 2004. It has approximately $162.15 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 - September 22, 2019

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
6 Month CD
1.00% $25,000 - Learn MoreShow Less
9 Month CD
1.25% $25,000 - Learn MoreShow Less
11 Month CD
2.10% $25,000 - Learn MoreShow Less
1 Year CD
2.35% $25,000 - Learn MoreShow Less
18 Month CD
2.40% $25,000 - Learn MoreShow Less
2 Year "Raise Your Rate" CD
2.30% $0 - Learn MoreShow Less
3 Year CD
2.40% $25,000 - Learn MoreShow Less
4 Year "Raise Your Rate" CD
2.30% $0 - Learn MoreShow Less
5 year CD
2.45% $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.    

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.

Customer Reviews for Ally Bank (52)

  • April 02, 2019

    I have used online banking with Ally for 8+ years after being disgusted with brick and mortar bank rates. I currently have CDs and online savings. Online banking with Ally is easy and their rates are always competitive. I will be an Ally customer for many more years!

  • March 23, 2019 |

    Online Savings Rates

    This bank spend years advertising that they would never treat their old customers better than their new ones. Then they suddenly starting giving new customers a 1% bonus. Hypocritical? You bet.

  • February 26, 2019 |

    I have nothing but praises for this agency! They are quite careful to verify that your identity is not compromised! Even with phone contact, I have found them friendly and quite knowledgeable. This is the second time I have re-invested funds with them and they actually accumulate the interests funds you expect. Thanks YOU!

  • January 11, 2019 |

    Online CDs 12 Month Rates

    You can basically do everything online via their easy-to-use website. I closed a CD and added the proceeds to another CD (within the 10-day grace period) in under five minutes. I have other online bank accounts but Ally is the best!

  • 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

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