Ally Bank

Ally Bank is an online bank in the United States and is a subsidiary of Ally Financial Inc, a diversified financial services firm that includes auto financing.  It is a state-chartered bank that is not a member of the Federal Reserve but regulated by the Federal Deposit Insurance Corporation. 

Its historical legacy goes back to 1919 through General Motors Acceptance Corporation (GMAC) which from 2008 became a bank holding company, eventually rebranding as Ally Bank in 2009.

Ally Bank offers its customers a variety of savings products including checking accounts, online savings accounts, money market accounts, high yield CDs and other CD products (Certificates of Deposits).

Ally Bank banks routing number is: 124003116


Ally Bank Services

Personal Banking

  • Checking Accounts
  • Savings & CDs
  • Auto Financing

Individual Investments

  • IRA High Yield CD
  • IRA Raise Your Rate CD
  • IRA Online Savings
  • High Yield CD
  • No Penalty CD
  • Raise Your Rate CD
  • Online Savings
  • Money Market

Ally Bank Discussion

  • Q: Can i do a application to bank with Ally on my PC? I would like to make a large deposit and earn the highest interest you pay on a savings account. I would also do checking.

    Reply J from Ogden, United States

Ally Bank Discussion Activity

  • Ally Bank 5 Year CD Rates - Deposits
    Q: hi, do you have an actual bricks and mortar bank I can go to, or are these rates for online only? Also. can I have the monthly interest mailed to me or direct deposited to checking at another bank, I need the interest each month. Thanks

    Reply Jana from The Bronx, United States
  • Ally Bank 1 Year CD Rates - Deposits
    Q: I have a$50 k cd comingdue this week.What is the best rate on $25 and $50 k

    Reply Bob from Stockton, United States
  • Ally Bank 1 Year CD Rates - Deposits
    Q: What is rate for IRA CD for one year ? TY

    Reply Kerry from Bellevue, United States
  • Ally Bank Savings Account - Savings
    Q: Your ad for a savings account says: Rate at 1.00% p.a*. What does the p.a. stand for, and I don't see a footnote asterik, could you tell me what the disclosure is? ALSO, how long is this savings rate guaranteed for? I don't want to open an account, and then have the rate go to 0.05%!

    Reply Diana from Troutdale, United States
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