What is an Ally Bank Account setup?
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.
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- Ally Bank Account account
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What bank is Ally under?
Ally Bank is a full-service online bank offering competitive rates, low fees, no minimums, and 24/7 customer service. Headquartered in Sandy, Utah, and founded in 2009, Ally Bank is the digital-only banking division of Ally Financial Inc., which has roots dating back to the 1920s.
What is Ally Bank known for?
Ally is one of the largest car finance companies in the U.S., providing car financing and leasing for 4.5 million customers and originating 1.4 million car loans annually. It is on the list of largest banks in the United States by assets and has 2.0 million depositors.
Is Ally a legit bank?
Is Ally Bank legit? Yes, Ally Bank is FDIC-insured and safe. Though it doesn’t have physical locations like traditional banks, Ally follows the same rules and legal regulations. The FDIC insures your savings, checking, and CD accounts up to $250,000 (per depositor), just like the “old-fashioned banks.”
What types of CDs do you offer?
We offer a variety of CD options to meet your needs:
High Yield CD – terms range from 3 to 60 months.
Raise Your Rate CD – 2- and 4-year terms available. Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term if our rate for your term and balance tier goes up.
No Penalty CD – an 11-month term that allows you to withdraw all of your money any time after the first 6 days following the date you funded the account, and keep the interest earned with no penalties.
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