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Old 06-27-2009, 11:45 PM
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I have two CD's with Ally Bank. I love this bank. I can get a live customer service rep within minutes compared to B of A or Chase where you have to press 1,2,3, 4. Then you press another series of 1,2,3,4 and then you have to wait five minutes.
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Old 06-28-2009, 12:20 AM
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Quote:
Originally Posted by smilinpretty View Post
I have two CD's with Ally Bank. I love this bank. I can get a live customer service rep within minutes compared to B of A or Chase where you have to press 1,2,3, 4. Then you press another series of 1,2,3,4 and then you have to wait five minutes.
Although this is somewhat of a straw man argument, since you could expect better customer service from organized crime than you could from B of A or Chase.
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Old 06-28-2009, 09:00 AM
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Quote:
Originally Posted by suzie02 View Post
We are considering buying some CD's with our emergency fund money. I found this no-penalty CD's and I was wondering if anyone else has done business with Ally bank. TIA
I would consider the Vanguard Bond ETF BND. It's yield is 4.47% with no hassles, leftover baggage or potential concerns.
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Old 07-18-2009, 05:05 PM
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Location: Austin, TX
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I recently took out a CD with GMAC just before they changed to Ally.com. The process was easy and prompt. I am not aware of any reason to be concerned, they are FDIC insured. I have been searching the internet for any reason to be concerned but so far have found nothing. My biggest concern is that I like having a building I can walk into and ask for my money back, I'm a little uncomfortable doing business long distance.
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Old 07-19-2009, 12:40 PM
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Here are a few reviews of Ally Bank that I found.

Ally Bank Review: Online Savings Account 2.00% APY, No Penalty CD 2.15% APY [Bank Reviews]

IN this one the same reviewer recounts some problems he had setting up a second CD
Issues with Ally Bank [Bank Reviews]

ING Direct Vs Ally Bank: Comparing Two of Today’s Top Online Banks | Bank News, Bank Deals, My Bank Tracker
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