Ally Bank Offers No-Penalty CDs
Are you sick and tired of getting penalized for taking money out of your certificate of deposit? Have you been wronged by your bank or just tired of the way they treat their customers? If so, Ally Bank, a rebranding of GMAC financing, is looking for you.
Ally Bank is offering its new customers a no-penalty CD product. If you get a 9-month CD with 1.25% interest, you can withdraw some funds before the CD matures without having to worry about paying a penalty. The bank also says that this CD product provides a 10-day best rate guarantee as well as interest that compounds daily for the utmost in making your money work for you.
In addition to the CD product, Ally Bank also offers other products, such as high interest rate savings accounts, high interest checking and the bank even reimburses you for ATM fees that you incur at other banks if you have a checking account with an interest rate of at least 1.15% with Ally. You can also get a money market account through Ally Bank with no monthly fees and no minimum deposit. The rate for these money market accounts is 1.49 percent.
Ally Bank is dedicated to showing customers that banks are not “evil” and that some of them actually do care for their customers. It appears as though the bank’s efforts are working because a recent Bloomberg report, the institution has secured nearly $3 billion in new deposits just months after advertising their new campaign.

