P.O. Box 951
PA 19044
Deposits FDIC Insured | Yes |
Insured Bank | Ally Bank |
FDIC Certificate # | 57803 |
Date Established | 2004 |
Assets | $174.59 billion |
Loans | $112.74 billion |
Deposits | $138.42 billion |
Capital | $17.21 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.
Online Savings and Money Market Rates | APY | MIN | MAX | |
---|---|---|---|---|
Online Savings Account
|
0.50% | $0 | - |
Learn More
|
Online CD Rates | APY | MIN | MAX | |
---|---|---|---|---|
6 Month CD
|
0.24% | $25,000 | - |
Learn More
|
11 Month CD No Penalty
|
0.55% | $25,000 | - |
Learn More
|
1 Year CD
|
0.60% | $25,000 | - |
Learn More
|
18 Month CD
|
0.60% | $25,000 | - |
Learn More
|
2 Year "Raise Your Rate" CD
|
0.60% | $0 | - |
Learn More
|
3 Year CD
|
0.60% | $25,000 | - |
Learn More
|
4 Year "Raise Your Rate" CD
|
0.60% | $0 | - |
Learn More
|
5 year CD
|
0.85% | $25,000 | - |
Learn More
|
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 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 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 has lowered its savings rate, yet again, in anticipation of further Fed Funds rate decreases later this year.
Ally Bank has lowered its savings rate to 1.70% from 1.80%. Ally seems intent to become less competitive for your money.
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 Bank has lowered its online savings rate by 10 basis points today.
Savings rates continue to fall.
Ally has lowered its online savings rate 1.00% APY.
Ally has lowered its owline savings rate today from 1.00 to 0.80% APY.
Ally has lowered its online savings rate from 0.80% APY to 0.60% APY.
Ally's OSA rate keeps falling.
Customer Reviews for Ally Bank (56)
JBMoney
September 08, 2020 | | Replies 1
I have been a customer for years and have never had a bad experience. These days I really appreciate how they are keeping their savings rates competitive. .8% is lousy, but it is very competitive.
Is this review helpful? Yes:0 / No: 0
EduardoC | Feb 27, 2021
"keeping their savings rate competitive" - they aren't.
HRoss1957
July 19, 2020 |
The 11 month no penalty cd is an obvious choice here. You are guaranteed a rate over that time and have free access to your money. Plus, they gave me a 5% bonus for being a long time customer (call them) and that made the rate the same as the savings rate today. CON: Hold times to reach a representative on the phone are too long!
Is this review helpful? Yes:0 / No: 0
Savvysaver
April 28, 2020 |
Ally Bank does not set a minimum deposit for it's one year CD product.
Is this review helpful? Yes:0 / No: 0
WSWalters
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!
Is this review helpful? Yes:2 / No: 0
Allen Bayer
March 23, 2019 |
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.
Is this review helpful? Yes:3 / No: 3
Add Your Review