Ally.com is an online bank that I’ve personally experienced – and am satisfied with. Not mentioning their fabulous customer service, their bank rates are highly competitive and their banking structure is genuine.
Formally, GMAC Bank - Ally Banks‘ CD Rates, saving accounts, money market accounts and Jumbo CDs are all FDIC insured so our money is safe. The limit is $250k right now and their reviews are impeccable for their customer service. I’ve been a member for about a year now, and I’ve been quite satisfied.
Ally.com Money Market Account Rates
My account with Ally.com is their Money Market Account, which pays 1.29% APY. Not only do I enjoy earning a high savings rate, but they sent me a check card, and personal checks for free. There is really no going wrong with opening up a money market account with Ally, as there is no “fine” print.
- Open with $0
- No minimum balance
- No monthly fees
- Check card and first 50 checks are free
- No ATM fees at any ATM
- Daily compounded interest for maximum earnings
- FDIC insured Maximize your coverage
- Six transactions per statement cycle with no fees. Why only 6?
- Your actual variable rate will go into effect when you make your opening deposit
Ally.com CD Rates
Ally.com’s has a competitive Certificate of Deposit offerings. With No Minimums, No Fees, FDIC insured, Daily Compounding, and their superior customer service.
As of July 9, 2010 their CD Rates are as follows:
- 3 months CD at 0.69% APY
- 6 months CD at 1.14% APY
- 9 months CD at 1.00% APY
- 12 months CD at 1.48% APY
- 18 months CD at 1.64% APY
- 3 years CD at 2.29% APY
- 4 years CD at 2.49% APY
- 5 years CD at 2.94% APY
Ally.com Online Savings Account
Ally.com’s High-Yield Savings account offers the same rate as their Money Market Account – 1.29% with the same features. But you can do online banking.
- Open with $0
- No minimum balance
- No monthly fees
- Daily compounded interest for maximum earnings
- FDIC insured Maximize your coverage
- Six transactions per statement cycle with no fees. Why only 6?
- Your actual variable rate will go into effect when you make your opening deposit