Ally Bank
P.O. Box 951
PA 19044
2020 Overview
General Online Bank Information
Money that you deposit is held by Ally Bank. Ally Bank is an FDIC insured institution founded in 2004. It has approximately $167.07 billion in assets.| Deposits FDIC Insured | Yes |
| Insured Bank | Ally Bank |
| FDIC Certificate # | 57803 |
| Date Established | 2004 |
| Assets | $167.07 billion |
| Loans | $123.08 billion |
| Deposits | $121.53 billion |
| Capital | $16.98 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.
Deposit Rates - April 2, 2020
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Online Savings Account
|
1.50% | $0 | - | Learn More |
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Month CD
|
0.50% | $25,000 | - | Learn More |
| 6 Month CD
|
0.75% | $25,000 | - | Learn More |
| 9 Month CD
|
1.00% | $25,000 | - | Learn More |
| 11 Month CD
|
1.55% | $25,000 | - | Learn More |
| 1 Year CD
|
1.50% | $25,000 | - | Learn More |
| Compare with 1.92% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 1.92% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 2.02% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| Compare with 2.02% APY 12 MONTH from Gateway First Bank | Advertiser Disclosure | ||||
| 18 Month CD
|
1.75% | $25,000 | - | Learn More |
| 2 Year "Raise Your Rate" CD
|
1.50% | $0 | - | Learn More |
| 3 Year CD
|
1.55% | $25,000 | - | Learn More |
| 4 Year "Raise Your Rate" CD
|
1.50% | $0 | - | Learn More |
| 5 year CD
|
1.60% | $25,000 | - | Learn More |
Bank Offers
Ally Bank raises its online savings rate
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
Ally Raises Online Savings Rate to 1.90%
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%
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 Reduces Savings Rate From 1.90% to 1.80%
Ally has lowered its savings rate, yet again, in anticipation of further Fed Funds rate decreases later this year.
Once Again Ally Lowers Savings Rates
Ally Bank has lowered its savings rate to 1.70% from 1.80%. Ally seems intent to become less competitive for your money.
Ally Lowers Online Savings Rate to 1.60%
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 Lowers Online Savings Rate to 1.50%
Ally Bank has lowered its online savings rate by 10 basis points today.
Customer Reviews for Ally Bank (52)
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:1 / 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:1 / No: 3
JayeT
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!
Is this review helpful? Yes:1 / No: 0
Joy
January 11, 2019 |
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!
Is this review helpful? Yes:0 / No: 0
Joe
September 22, 2018 |
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
Is this review helpful? Yes:1 / No: 0
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