By  Mon Jan 6, 2014

Ally Bank: $250 Cash Bonus for Transferring $50,000 Minimum (Jan. 2014)

Ally Bank is offering $250 for rollovers or transfers totaling $50,000 or more from a non-Ally Bank to a new or existing Ally IRA CD or IRA Online Savings Account.

The deal

To qualify for the $250 bonus, you must make a deposit adding up to $50,000 or more from a non-Ally Bank between Jan. 1, 2014 and May 31, 2014 through this promotional page. That includes rollovers, trustee-to-trustee transfers and contributions. You can make multiple deposits to your Traditional, Roth, and SEP IRA Plans to meet the $50,000 deposit requirement.

The total qualifying funds must post to your Ally IRA(s) by May 31, 2014 as many deposit transactions can take six weeks or longer. Your $250 bonus will be paid in July 2014 to the Ally IRA Online Savings Account or IRA CD that received the last transaction.

There is no minimum opening deposit for either accounts. The offer expires May. 31, 2014.

allybankdeal

The account

The deal is valid when you make a deposit to either new or existing Ally IRA CD or IRA Online Savings Account. IRA High Yield CD is available in 3-month, 6-month, 9-month, 12-month, 18-month, 3-year and 5-year terms, and offers a fixed CD rate for a fixed term. IRA Raise Your Rate CD is available in 2-year and 4-year terms, and offer the option of increasing the rate once (with 2-year CD) or twice (with 4-year CD) per term. IRA Online Savings accounts offer competitive rates, which earn interest more quickly than traditional IRA savings, with all the benefits of an online savings account.

For more bank deals, click here!

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