Ally Financial Inc. is one of the world's largest automotive financial services companies. As the official preferred source of financing for General Motors, Chrysler, Saab, Suzuki, Fiat and Thor Industries vehicles, Ally offers a full suite of automotive financing products and services in key markets around the world. Ally's other business units include mortgage operations and commercial finance, and the company's subsidiary, Ally Bank, offers online retail banking products. Ally operates as a bank holding company.
Banking
Ally Bank is a U.S. online bank that offers consumers a straightforward approach to banking with no minimum deposits to open and no monthly maintenance fees. Ally Bank's High Yield 12-Month CD was named one of MONEY® Magazine's 'Best Money Moves' of 2011. Ally Bank offers online savings and checking accounts, money market accounts and Certificates of Deposit with terms ranging from three months to five years, as well as a No Penalty CD. Member FDIC.
Global Automotive Services
Ally's global automotive services include its auto finance and insurance businesses. Ally offers wholesale and retail automotive financing products and services. The company is the official preferred source of financing for General Motors, Chrysler, Saab, Suzuki and Fiat vehicles and Thor Industries RVs. The dealer-related insurance arm of Ally provides extended service contracts and insurance for auto dealer inventories worldwide.
Commercial Finance
Ally Commercial Finance provides financing to meet the unique needs of equity sponsors and middle-market companies in North America. The business specializes in providing senior secured, asset-based and cash flow loans for midsize companies. Typical clients include manufacturers, distributors, retailers, and service companies in a broad spectrum of industries including specialty areas such as healthcare, retail, and automotive.
Mortgage Operations
Ally’s mortgage operations focuses primarily on the residential real estate market in the U.S. Business activities include the origination, purchase, servicing, sale and securitization of residential mortgage loans.
