Overall Rating

MyBankTracker rated Ally Bank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.


MyBankTracker Rating

Customer Rating
Financial Health
Bank Fees
Bank Rates
Mobile Deposits
Mobile Banking

Featured Rates

Featured Saving Rates

Compare more rates »

Add a Bank to Compare

Bank Rates
CIT Bank
Bank Rates
TAB Bank
Bank News
AmericaNet Bank
Compare Banks

Ally Bank Questions

150 Characters Remaining

Pick a Category

Be Notified Of New Comments?

Ask community a question
Jeff M's Profile Image
on Mar 20th 2011

CDs at Ally bank have interest compounded how often?

noell w left an interesting review of Ally bank cds...she couldn't get a straight answer from them!
I understand that "the interest income is added to your account. The more frequently this occurs, the sooner your accumulated interest income will generate additional interest." Is Ally trying to pull a fast one? Anyone offer any clarity on this issue? I am sitting on 50k from an insurance policy & was going to open a cd at Ally. (I lost 50k in the tech bubble & so I'm gun-shy of the stock market. And my home home value is losing 35k per month. Oh, and I may lose my job. But other than that, things are looking up!)

View all Questions