Ally Bank

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 and ING Direct Pass Bank of America and E*Trade As Top Financial Services Websites

Shuffling the traditional hierarchy of financial institutions, Ally Bank has passed banking giant Bank of America in a survey of national online banking services. The relative newcomer was able to rise to the top by emphasizing trust and transparency and giving customers a clear demonstration of what they offer.
Ally Bank Website

Trust at an All Time Low

Ally Bank: Kiplinger’s Rated Best Savings Account

At the end of 2008, the editors of Kiplinger’s Personal Finance magazine selected FNBO Direct as their favorite savings account. Since that time, the banking landscape has changed. From the ashes of GMAC Bank rose Ally Bank offering competitive interest rates, currently APY. Kiplinger’s chose Ally Bank as the best savings account of 2009.

Ally Bank Offers 2-Year Bump Up CDs

Until today, I don’t believe I’ve ever seen any online bank offer a bump up CD. A bump up CD is a certificate of deposit that gives you the option to increase the current rate of your CD to the published rate, “bumping” it up. If you remember my attempt at being cute with the Certificate of Deposit Zoo, it was the giraffe.

New Checking Account From Ally Bank Offers Up to 1.15% Interest

Consumers looking to maximize their funds need not look any further than the new Interest Checking account from Ally Bank. Now customers of the online bank can enjoy all the convenience of an interest bearing checking account as well as one of the highest savings rates around.
Ally Checking Account
Low Balance, No Fee

Ally Bank’s Current Offers: CD, money market and online savings

Ally Bank, formerly GMAC, frequently dabbles in the top 5 when it comes to savings rates. They are frequently regarded as one of the top online banks when it comes to interest rates and “no penalty guarantees.”
If you are unfamiliar with Ally Bank’s story, here it is in a nut shell…
Because Ally Bank was built on the foundation of GMAC Financial Services, they’ve learned that these times demand change and a new way of banking. They’ve claimed to take banking in a new direction.

Blackberry Users Left Helpless By Multiple Outage, Mobile Banking Comes To A Halt

This holiday season, the good people over at Research In Motion Ltd., (RIM) delivered a gift to its 36 million Blackberry subscribers which brought anything but cheer. On December 17th and 23rd, millions of users on two continents experienced two outages in less than a week, which disrupted users of the famous “Crackberry” the ability to instant message, text, access the interest and in many cases conduct business. Yesterday, Canada’s RIM blamed a software upgrade for the problem, which was confined to North and South America.

Ally Bank Increases Interest Rate to 1.64% APY

While most banks are still lowering their interest rates, Ally Bank increased its rate today, November 13, 2009, to 1.64% APY. Although the rate is up, it is only 0.09 percentage points higher than the rate of 1.55% last month, the lowest rate from Ally Bank or GMAC Bank since I started watching interest rates at the beginning of this decade.

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

GMAC Asking for a Third Bailout From Taxpayers

Through today, GMAC has received government bailout funds totaling $12.5 billion. The company is asking the Obama administration for $5.6 billion more. One might say that in a true democracy, GMAC would need to ask permission from each taxpayer whose funds would go towards shoring up the company’s balance sheet, a move that would make GMAC appear more stable on paper. But we have a representative democracy, where Congress makes decisions that occasionally reflect the will of the members’ constituents.

BankFiesta is a social deal finding site that specializes in all things finance.
You can submit the latest deals and articles in Banking, Credit Cards, Mortgages and Personal Finance.

We like money saving deals and we want to share them with the rest of our community. BankFiesta is currently in beta and accepting new users.