Ally Bank Reviews and Rates

Ally Bank is an online bank that offers a straightforward approach to banking with no minimum deposits to open, no monthly maintenance fees, and 24/7 live customer service. Because Ally Bank is branch-free, you can take out cash from more than 400,000 ATM locations nationwide free of charge. Ally Bank is a subsidiary of Ally Financial Inc., which was founded in 1919 in Detroit, Michigan as the General Motors Acceptance Corporation, a provider of financing to auto customers. Ally offers a full suite of automotive financing products and services, including consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services.
Rates effective as of 10/26/15

Ally Bank (FDIC certificate 57803) was established in 2004 and operates online. Ms. Diane Morais, President/CEO of Ally Bank, leads a team of 853 employees.The bank's parent holding company, ALLY FINANCIAL INC. is based in Detroit, MI.

Ally Bank, headquartered in Midvale, UT, is rated three and a half stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a three and a half star rating is “Good” and indicates that, among other things, this institution meets all federal capital requirements.

Ally Bank is a state chartered commercial bank and not a member of Federal Reserve. With $107 billion in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.

Trust powers have been granted to the bank which means it has the right to act as a trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, or in any other fiduciary capacity allowed under the laws of the state in which it is located.

Ally Bank Products & Services


Ally bank is a leader in the online banking space. Evaluate their rates and account options below, then open an account securely to take advantage of these great rate offers.

Ally Bank Products

High-Yield Savings
Interest Checking
Raise Your Rate CD
Money Market
Individual Retirement Accounts

Automotive Financing Products

Auto Financing
Auto Leasing
GM Vehicle Service Contracts

Ally Bank Ranked in the Top 10 Best CD Accounts by GOBankingRates

Locations, Hours, & Customer Service Contact

Hours of Operation

Monday - Friday
8:00AM - 11:00PM EST
9:00AM - 7:00PM EST
9:00AM - 7:00PM EST

Ally Bank Location : Headquarters

6985 Union Park Center Suite 435
Midvale, UT
Phone: 1-877-247-Ally
Get Directions To My Local Branch

Ally Bank: National Interest Rates

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Rate (APY)
Account Type
Estimated Balance for 1 Year
1 Year CD
18 Month CD
2 Year CD
3 Year CD
4 Year CD
5 Year CD
6 Month CD
9 Month CD
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Banking with Ally is hassle free. Being online and branch-free, Ally offers competitive rates on a variety of accounts including savings, checking, and money market. You can access your account information anytime, anywhere, with Ally Online and Mobile Banking and make deposits with Ally eCheck Deposit, online transfers or free postage-paid envelopes. Ally Bank also offers certificates of deposit (CDs), IRA savings accounts, and IRA CDs. Because no one knows your business better than you do, Ally Bank also offers fully customizable commercial finance, real estate, mortgage and commercial vehicle financing products.

Banking Fees

National Average
Monthly Inactivity
Non sufficient Fund Overdraft
Stop Payment Item
Return Deposit
Domestic Wire Transfer (Outbound)
Domestic Wire Transfer (Inbound)
Non-Bank ATM

Ally Bank Reviews, News & Information

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Ally Bank Reviews

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Ally Bank Truely is the Best Online Bank

Jan 15, 2014 by Martin

I have had no problems with them, they have friendly customer service and great rates. Can't complain about anything. I would definitely recommend them!

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