Ally

Ally Bank CDs Offer Simple Ways to Save

Shopping around for a savings product can be complicated. You want a combination of things: the best possible interest rate, the most flexible terms, possibly a low minimum balance, and easy access to your account information.
Ally Bank, an Online institution which was formerly known as GMAC, does a good job of simplifying the saving process by streamlining the customer experience and offering some interesting and straightforward products.

GMAC Financial Set To Rebrand As Ally Financial

Since GMAC Financial Services rebranded itself as Ally Bank in late 2008, the institution has implemented a number of strategic actions designed to improve the brand, performance and overall public perception. In an effort to become more customer-focused, GMAC Inc (or GMAC Financial Services) announced at the beginning of May that effective May 10, 2010, the brand would transition the name of the corporation to Ally Financial Inc. (Ally).

Ally Bank No Penalty CD

Certificates of deposit often offer higher interest rates than savings accounts and money market accounts because the banks expect customers to keep their money locked away in CDs for a predetermined period of time. Most banks discourage withdrawals from CDs by charging a penalty for any withdrawal before maturity.

Top Online Banks Ally, ING Direct and Discover Drop CD Rates Today

Today has seen a drop in CD rates from some of our top online banks.

Ally Bank Offically Announces New Interest Checking Account, Challenges Its Competitors

Earlier this last we published an article announcing a new checking account coming from Ally Bank, and today the bank has officially released details on their new Interest Checking product, which will compete with online banks such as ING Direct, ETRADE and Capital One Direct for the online checking market.
Ally Checking Account
Online Checking

Who Will Fill The Gap When ING Direct Closes?

ING Group, the Dutch based parent company of ING Direct, announced this past week that it intends to scale back its US operations by 2013, stating that it would like to instead focus primarily on its European market. This US sell-off is part of a restructuring plan by ING that it hopes will allow it to start to pay back the billions of euros in government assistance that it has received.
ING Direct

Top 10 Banking Websites

Online banking has quickly become an integral part to our banking experience. A recent study by the American Bankers Association (ABA) has shown that 25% of banking customers prefer to do their banking online, more than any other method. (ABA) To acknowledge this trend, we have surveyed the thousands of banking sites in our database, and selected those that present the most accessible and easy to use online banking websites.

Online Banks Dominate the Best CD Rates for Week Starting October 12, 2009

The past week ended quietly for the FDIC last Friday – at least as far as bank failures are concerned. This is the first time in three months that no bank was closed over the weekend, even as the number of closures for this year nears the 100th mark. The FDIC skipping a week is certainly a welcome reprieve, not only for the banks and consumers, but also for the agency itself which is already feeling the strain of the costs that the slew of bank failures has brought on.

CD Rates Show Improvement As the 4th Quarter Begins

With the end of the year in sight, hopes are high that the economy has bottomed out and there’s nowhere to go but up. And somehow this does seem to hold true for CD interest rates as national rate averages this week held some promise for some CD terms.

ING Direct and Ally Increase 12 Month CD Rates

Two major online banks, Ally and ING Direct, have pushed up the rates today on their fixed rate, 12 month CDs, putting them near the top of the list for high yielding CDs.
ING Direct posted a significant increase of +0.25%, while Ally pushed its rate up a modest +0.05%.

Ally and ING Direct Raise CD Rates

Bank
Product
Old
New
Change

Ally
12 mo. CD
2.00%
2.05%
+0.05%

ING Direct
12 mo. CD
1.85%
2.10%
+0.25%

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