Is Ally Bank still part of GMAC?

Yes, just as GMAC Bank used to be, Ally Bank is part of GMAC Financial Services, a 90-year-old company that also offers mortgages, auto loans, insurance and more. Ally Bank has been built on a strong, secure foundation. Now, we’re moving forward with a new mission and direction. It starts with our promise to keep our rates among the top—always. We won’t hide our fees, and you won’t see fine print or asterisks on ally.com. We’re focused on helping you save your money. So we have no account minimums—deposits or balances. It’s the right thing to do for customers. Want to know more? Read the Ally Story.