P.O. Box 951
Horsham, PA 19044
| Deposits FDIC Insured | Yes |
| Insured Bank | Ally Bank |
| FDIC Certificate # | 57803 |
| Date Established | 2004 |
| Assets | $143.05 billion |
| Loans | $108.52 billion |
| Deposits | $98.64 billion |
| Capital | $16.16 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 CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Month CD
|
0.75% | $25,000 | - | Learn More |
| 6 Month CD
|
1.00% | $25,000 | - | Learn More |
| 9 Month CD
|
1.25% | $25,000 | - | Learn More |
| 11 Month CD
|
2.00% | $25,000 | - | Learn More |
| 1 Year CD
|
2.50% | $25,000 | - | Learn More |
| 18 Month CD
|
2.55% | $25,000 | - | Learn More |
| 2 Year "Raise Your Rate" CD
|
2.50% | $0 | - | Learn More |
| 3 Year CD
|
2.60% | $25,000 | - | Learn More |
| 4 Year "Raise Your Rate" CD
|
2.50% | $0 | - | Learn More |
| 5 year CD
|
3.00% | $25,000 | - | Learn More |
| Online Savings Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings Account
|
1.85% | $0 | - | 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.
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Customer Reviews for Ally Bank (47)
Russell Rodgers III
August 18, 2018 |
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.
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Phil Dellova
August 15, 2018 |
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 â 36 months - 90 days of interest
37 months â 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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Wally
June 15, 2018 | | Replies 2
Ally Bank has great custormer service.. When moving money out of the no penalty CDs, expect it to take at least 3 days before it shows up in your money market and becomes liquid and transferable. Their no penalty CD rates fluctuate up and down. Best I have had is 1.85%. A person needs to monitor rates on a daily basis and take advantage of specials...
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ABSO BCC | Sep 19, 2018
Money comes out of these no penalty CDs instantly. You can close out of one instantly and buy another one instantly online. I just did it in 2 minutes to move my money from 1.75% to 1.85%.
Rob Deakin | Sep 19, 2018
I was able to end my 11 Month CD and open a new one paying 2% in about 3 minutes. No delays whatsoever.
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