Ally Bank, renamed and re-branded from GMAC Bank in 2008, is an internet bank premised on being a “straightforward” bank with a consumer-friendly approach. Headquartered in Utah, Ally aims to set itself apart from other banks by offering simple, transparent financial products with competitive interest rates. Product offers include certificates of deposit, money market, savings, and checking accounts. Ally is best known for its high-interest savings accounts, No-Penalty CDs, and “no-fees” policy, as well as its popular advertising campaigns. Customer service includes live telephone service with an Ally representative.
Ally Bank is part of Ally Financial Inc., formerly GMAC (General Motors Acceptance Corporation) until the company was officially renamed in 2010. Ally Financial Inc provides banking, automotive financing, mortgage, business, and investment services.
Ally Financial Inc
- Established: 1919
- Headquarters: Midvale, Utah
- Website: www.ally.com
- Products: Banking, Mortgages
- Assets: NA
- Available: Online and over phone; nationwide
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