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Open an Ally Bank account for your Trust and get
great rates and safe growth

Open an account for your Trust. At Ally Bank, we want to make setting up an account for your Trust as easy as possible. Here are some steps to get you started:

  • Begin with a formal trust agreement.

    First, you'll need to establish your formal trust agreement.

  • Send us your documents.

    Follow the instructions on the Account Application for Trusts (pdf) and mail in your required documents.

  • Make your deposit.

    Here are your options:

    • Mail in a check payable to the Trust
    • Transfer from an existing Ally Bank account
    • Wire transfer from a non-Ally Bank account

  • We'll be in touch with you.

    A customer care associate will review your documents as quickly as possible. If we need any other information we will call you no later than 10 days after receipt of your documents.

Call us anytime!  1-877-314-2559

Compare Our Products
Online Savings
No minimum deposit to open, no monthly maintenance fees, earn a higher rate than traditional savings accounts
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High Yield
12-Month CD
for maximum earnings.
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2-Year CD
Start with a great rate and get the option of a one-time increase if our 2-year CD rate goes up.
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4-Year CD
Start with a great rate and get the option to increase your rate twice if our 4-year CD rate goes up.
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Annual Percentage Yield (APY) accurate as of 10/09/2015. A CD early withdrawal penalty will apply. No minimum amount to open.