Is Ally Bank a different bank from GMAC Bank?

Ally Bank is the new name for GMAC Bank. It's the same bank. Your deposits, including any new deposits made to Ally Bank, will continue to be insured up to $250,000 per depositor through December 31, 2013. Read more about FDIC

Both current and new customers will benefit from an improved online banking experience, true no penalty CD products, and product rates that will remain among the best.