Summary of Customer Ratings & Reviews
4
4
4
2
2
5
It would be great if the 'my accounts' page included a column for current interest rate on each CD. I have multiple CDs with different interest rates and maturity dates and like to keep track of my market investments.
5
5
5
5
5
5
Needed a trust account and this led me to Ally--I'm so glad. Standard stuffy banks that offer trust accounts don't offer Ally's juicy online-bank rates or 24-hour live info and help or kind staffers. I keep finding new ways Ally can help me, like the no-ATM-fee thing. I no longer have to keep a small account just for the ATM in my building. I think Ally offers a maximal combination of all the things various other banks and kinds of banks offer plus some things only Ally seems to offer. I really do love my bank!.
5
5
5
5
5
5
Competitive rates, helpful, competent, friendly, and patient customer service Reps, and a wide range of products!
5
5
5
5
5
5
The rates are competitive, the online site is easy to use, and the 24/7 customer service by phone, often with little or no wait, makes it easy to get questions answered and problems cleared up. One of my favorite features of Ally's CDs has been the bonus one gets upon renewal. It doesn't sound like a lot, but in today's low-interest environment, it makes a difference. Way to go, Ally!
5
5
5
5
5
5
I have been an investor for over 40 years since the age of 15 when I bought my first stock. With the recent meltdown of the DOW, several unbiased experts have highly recommended ALLY as a safe haven. WHY? Because they are the ONLY institution that will allow you to withdraw your money early in the case of an emergency and only charge you 60 days interest. Please, call other banks like I did today that offered a 1/2 percentage point higher interest rate and they indicated the penalty would be one year of interest.This difference alone would cost you hundreds of dollars or more. I encourage anyone looking for a CD to do the "Math", read the fine print. You will NOT beat ALLY. I have been a customer for 10 years starting back when they were GMAC. NO institution will allow you to change or upgrade a CD after you "LOCK" in the security; that is an unrealistic demand in the CD arena. Ah, but wait! ALLY offers a Change Your Rate CD, one of the most innovative CD's in the industry. A 2 year term allows you one change, a 4 year term allows you to change your CD's parameters twice. Basic economics indicate the Feds will have to raise interest rates to prevent inflation. This CD allows you to CHANGE the parameters of your investment product. If you can find a better deal, go for it. I can assure you ALLY will not be outdone. I have entrusted ALLY with my funds for a decade and will continue to do so. Interest rates, variety of products and OUTSTANDING customer service has kept me a customer for this long, they must be doing something right. Period.
1
4
4
1
1
1
Ally makes it almost impossible to open a joint account online even when you have an existing joint account. No option to choose "same title". You must enter the user name and password for the joint owner, even when behind the PIN to "protect the security of the second owner". Of course a CS Rep will just do it on the phone without even talking to the joint owner. Makes no sense. And when you tell the CS Rep to cancel, they open it anyway. Lastly, writing a complaint will not help and Ally will not respond to written inquiries.
5
5
5
4
5
5
Love the CNBC commercials... Love the rate... Love the ease of use of the website...Love the lack of hassles and fees associated with other banks. Thank you Ally.
5
1
3
1
3
I have the interest from my 5 year CD deposited directly into my BOFA checking account each month. There wasn't a place to select this option when I formed the CD but I let them know I wanted this option via a secure chat online and sure enough it's working. And if I decide to close my CD early, there is only a two month interest penalty. Awesome!
5
You getcha! Ally's rates beat local rates hands down. My accts are part of a trust, so account opening isn't as easy as pie - but Ally IS set to open them. A hassle, but not _too_ bad.
2
The features to change where the interest is deposited does not exist. Also, there is no way to upgrade or change the existing CD. I would not recommend Ally for this reason.
High Yield Certificate of Deposit (CD)
Rated 4.0286/5 based on 245 customer reviews
Get a certificate of deposit with our highest fixed CD rate for a fixed term.
Customer Reviews
4 Product Features
4
Rates
4
Account Opening
2
Online Banking
2
Customer Service
5
Customer Views
2011-09-05
by btrsuggestion
from guam
It would be great if the 'my accounts' page included a column for current interest rate on each CD. I have multiple CDs with different interest rates and maturity dates and like to keep track of my market investments.
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
I keep finding more great things at Ally
2011-09-04
by Seascape
from Lake Worth, FL
Needed a trust account and this led me to Ally--I'm so glad. Standard stuffy banks that offer trust accounts don't offer Ally's juicy online-bank rates or 24-hour live info and help or kind staffers. I keep finding new ways Ally can help me, like the no-ATM-fee thing. I no longer have to keep a small account just for the ATM in my building. I think Ally offers a maximal combination of all the things various other banks and kinds of banks offer plus some things only Ally seems to offer. I really do love my bank!.
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Great Everything!
2011-08-20
by GettingAnnoyed
from Aberdeen, MD
Competitive rates, helpful, competent, friendly, and patient customer service Reps, and a wide range of products!
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Great rates, service, site
2011-08-19
by BusyMomInMD
The rates are competitive, the online site is easy to use, and the 24/7 customer service by phone, often with little or no wait, makes it easy to get questions answered and problems cleared up. One of my favorite features of Ally's CDs has been the bonus one gets upon renewal. It doesn't sound like a lot, but in today's low-interest environment, it makes a difference. Way to go, Ally!
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Best Financial Products offered by ANY Institution
2011-08-11
by LtUSAFAz
from Tucson, AZ
I have been an investor for over 40 years since the age of 15 when I bought my first stock. With the recent meltdown of the DOW, several unbiased experts have highly recommended ALLY as a safe haven. WHY? Because they are the ONLY institution that will allow you to withdraw your money early in the case of an emergency and only charge you 60 days interest. Please, call other banks like I did today that offered a 1/2 percentage point higher interest rate and they indicated the penalty would be one year of interest.This difference alone would cost you hundreds of dollars or more. I encourage anyone looking for a CD to do the "Math", read the fine print. You will NOT beat ALLY. I have been a customer for 10 years starting back when they were GMAC. NO institution will allow you to change or upgrade a CD after you "LOCK" in the security; that is an unrealistic demand in the CD arena. Ah, but wait! ALLY offers a Change Your Rate CD, one of the most innovative CD's in the industry. A 2 year term allows you one change, a 4 year term allows you to change your CD's parameters twice. Basic economics indicate the Feds will have to raise interest rates to prevent inflation. This CD allows you to CHANGE the parameters of your investment product. If you can find a better deal, go for it. I can assure you ALLY will not be outdone. I have entrusted ALLY with my funds for a decade and will continue to do so. Interest rates, variety of products and OUTSTANDING customer service has kept me a customer for this long, they must be doing something right. Period.
1 Product Features
4
Rates
4
Account Opening
1
Online Banking
1
Customer Service
1
Opening A joint Account
2011-08-10
by NotPleased
from DE
Ally makes it almost impossible to open a joint account online even when you have an existing joint account. No option to choose "same title". You must enter the user name and password for the joint owner, even when behind the PIN to "protect the security of the second owner". Of course a CS Rep will just do it on the phone without even talking to the joint owner. Makes no sense. And when you tell the CS Rep to cancel, they open it anyway. Lastly, writing a complaint will not help and Ally will not respond to written inquiries.
5 Product Features
5
Rates
5
Account Opening
4
Online Banking
5
Customer Service
5
Excellent service - no hassles
2011-08-10
by Christine - NH
Love the CNBC commercials... Love the rate... Love the ease of use of the website...Love the lack of hassles and fees associated with other banks. Thank you Ally.
5 Product Features
1
Rates
3
Account Opening
1
Customer Service
3
Awesome
2011-08-10
by 5 Year CD Man
from San Francisco
I have the interest from my 5 year CD deposited directly into my BOFA checking account each month. There wasn't a place to select this option when I formed the CD but I let them know I wanted this option via a secure chat online and sure enough it's working. And if I decide to close my CD early, there is only a two month interest penalty. Awesome!
5 You gotta be kiddin'. No Minimum to open?
2011-08-08
by Hate_hassles
from California
You getcha! Ally's rates beat local rates hands down. My accts are part of a trust, so account opening isn't as easy as pie - but Ally IS set to open them. A hassle, but not _too_ bad.
2 Website
2011-07-29
by Not my favorite things
from New Hyde Park, NY
The features to change where the interest is deposited does not exist. Also, there is no way to upgrade or change the existing CD. I would not recommend Ally for this reason.
