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

Source:  http://www.ally.com/

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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Rates / Annual Percentage Yield terms above are current as of the date indicated. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the bank for the terms and conditions that may apply to you. Rates are subject to change without notice and may not be the same at all branches