At Ally Bank, we are committed to helping people make good financial decisions. The more you know about credit cards, loan interest rates, and savings accounts, the more you can stretch your dollars and maximize your income.
How Are Credit Card and Loan Interest Rates Determined?
Not surprisingly, your credit score is a major determining factor in the loan and credit card interest rates you qualify for. Although other factors go into the formula, it’s important to know that borrowers with the best credit scores generally will obtain loans at low interest rates. A high credit score tells lenders you’re a low credit risk. If you have improved your credit score by meeting financial obligations and paying down outstanding debt, you may be entitled to a lower rate on new financing.
What’s Better Than Low Credit Card Interest Rates?
Handling unexpected expenses with cash you’ve saved often makes more sense than using a credit card or taking out a loan—even when you can get low interest rates. With emergency funds in an Ally Bank Online Savings Account or Money Market Account, for example, your money earns interest. Moreover, when you save money with Ally Bank, you’ll earn rates that are consistently among the most competitive in the country—with no monthly maintenance fees to worry about.
Learn more, then open and fund your account with any amount when you visit AllyBank.com or talk to our knowledgeable Customer Care team at 877-247-ALLY (2559), where live help is available anytime, 24/7.
Comment on this article
cody on September 19, 2018 at 12:35pm
what is the apr rate fro a personal loan
Ally on October 1, 2018 at 4:19pm
Hi Cody, we don't currently offer personal loans. But, we'll pass your interest along to the rest of the team!
Lisa on October 29, 2018 at 3:16pm
I was also wanted to inquire about a personal loan. Currently I have my car loan with your bank but was hoping o look into a credit consolidation loan as well. Thank you.
Janice c. on February 5, 2019 at 4:00pm
Do you do loans
Ally on February 7, 2019 at 9:41am
Hi Janice, we don't currently offer personal loans, but we do offer home loans and auto financing. You can learn more about all of our products and services at ally.com!
Elf on May 4, 2019 at 10:41am
Do you offer Home loans for a home to be purchased in France?
Ally on May 9, 2019 at 9:48am
Hi, Ally Home loans are currently only offered within the United States. Thanks for your interest!
Matthew C. on January 21, 2021 at 7:54am
I was hoping for a page or at least a link to current Ally Bank interest rates and the criteria that determine interest rates on car loans. I already know what interest is and how it works so this page is unnecessary to me.