Ally Bank

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
Thread Tools
  #1  
Old 12-04-2019, 02:15 PM
Jdmiata Jdmiata is offline
Senior Member
Join Date: Apr 2014
Posts: 301
Thanks: 2
Thanked 21 Times in 8 Posts
Default Ally Bank

Thinking of opening an account with them.
Anyone have any experience / opinions with them ?
  #2  
Old 12-04-2019, 02:22 PM
Two Bills Two Bills is offline
Soaring Eagle member
Join Date: Aug 2016
Posts: 2,117
Thanks: 450
Thanked 2,097 Times in 718 Posts
Default

Just had a look at some of their reviews.
I think I would pass! JMO.
  #3  
Old 12-04-2019, 02:40 PM
saratogaman saratogaman is offline
Senior Member
Join Date: Apr 2007
Posts: 467
Thanks: 0
Thanked 82 Times in 12 Posts
Default

I've had a savings account with them for years...no problems. They have been ranked among the top online banks, paying higher interest rates consistently than most -- and way more than our local bricks-and-mortar banks.
  #4  
Old 12-04-2019, 02:56 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 5,149
Thanks: 456
Thanked 3,152 Times in 1,165 Posts
Default

The consumer guru, Clark Howard, says that online banks are a good way to earn higher interest rates, and, as long as they are FDIC insured, they are fine to use. Bankrate.com gives Ally a 5 star rating. But, personnally, I would feel uncomfortable with any online bank. I would get a local bank for checking, and use an investment company, like Vanguard or Fidelity for a money market account. Currently, the Vanguard MMA has a yield of 1.73 percent, as compared with 1.7 percent for Ally. If you want a CD, I would use a credit union, like penfed.org.
  #5  
Old 12-04-2019, 04:54 PM
New Englander New Englander is offline
Gold member
Join Date: May 2017
Location: Massachusetts, Pinellas, Now Sanibel
Posts: 1,454
Thanks: 272
Thanked 656 Times in 207 Posts
Default

I have used Ally for years. They are a very good on-line bank and are 100% safe because Ally is FDIC insured. Each depositor can have up to 250K fully insured. No worries what so ever.
__________________
Is this a great country or what?
  #6  
Old 12-04-2019, 07:34 PM
Robbie0723 Robbie0723 is offline
Veteran member
Join Date: Jun 2019
Posts: 689
Thanks: 475
Thanked 368 Times in 174 Posts
Default

Quote:
Originally Posted by New Englander View Post
I have used Ally for years. They are a very good on-line bank and are 100% safe because Ally is FDIC insured. Each depositor can have up to 250K fully insured. No worries what so ever.
Same here.
  #7  
Old 12-04-2019, 08:40 PM
dewilson58's Avatar
dewilson58 dewilson58 is offline
Sage
Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 6,613
Thanks: 306
Thanked 3,109 Times in 1,139 Posts
Default

Lots of issues.


Do your work.


Not a lot of gain (for the pain) with these guys.
__________________
Mr. Helpful
  #8  
Old 12-04-2019, 09:41 PM
Toymeister's Avatar
Toymeister Toymeister is offline
Veteran member
Join Date: Sep 2016
Posts: 913
Thanks: 5
Thanked 572 Times in 216 Posts
Default

If the reviews concern you in the slightest...

Use Alliant Credit Union virtually identical rates (1.65% vice 1.70%). A real brick and mortar bank (although not here). 2.5% cash back on everything CC. Nerd Wallet bank of the year for 2018. You qualify for membership.

Nerd Wallet recommends financial deals, quite well known with internet connected generations.
  #9  
Old 12-04-2019, 09:56 PM
Robbie0723 Robbie0723 is offline
Veteran member
Join Date: Jun 2019
Posts: 689
Thanks: 475
Thanked 368 Times in 174 Posts
Default

16 Best Savings Accounts of December 2019
Margarette BurnetteDecember 1, 2019
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

The best savings accounts should come with great customer service, cutting-edge technology and higher-than-average interest rates, and they should have low or no fees. NerdWallet staff analyzed, compared and rated dozens of banks and credit unions before selecting the savings accounts that offer the best combination of consumer-friendly features. (Most of these banks are NerdWallet partners, which was not a factor in our evaluations.) Our selections are below.

16 Best Savings Accounts of December 2019 - NerdWallet
  #10  
Old 12-04-2019, 10:07 PM
Robbie0723 Robbie0723 is offline
Veteran member
Join Date: Jun 2019
Posts: 689
Thanks: 475
Thanked 368 Times in 174 Posts
Default

Quote:
Originally Posted by Two Bills View Post
Just had a look at some of their reviews.
I think I would pass! JMO.
The negative reviews I could find were related to loans and fee based products, not savings?
  #11  
Old 12-04-2019, 10:27 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 5,149
Thanks: 456
Thanked 3,152 Times in 1,165 Posts
Default

Why not just get a money market fund or short term bond fund from Vanguard or Fidelity? The interest rates are competitive with savings accounts from online banks. Your money is very liquid and you can write checks. I don't understand the advantage of using an online bank, or any bank for a savings account. I only use a bank for a checking account, and I like being able to deal with a real live person.
  #12  
Old 12-04-2019, 10:32 PM
Toymeister's Avatar
Toymeister Toymeister is offline
Veteran member
Join Date: Sep 2016
Posts: 913
Thanks: 5
Thanked 572 Times in 216 Posts
Default

Here is Clark Howard's disclosure on how they are paid. As you can see it is identical to Nerd Wallet.

Clark Howard Inc. is an independent O&O company. We only write about companies and products that we want you, the consumer, to know about. We do however make money from links and offers from some companies and deals on our sites. For example, you may see a deals roundup or a credit card comparison/review page with links to particular products or cards in a story. After the story is written, our advertising team will look and replace links to those products/sites that will pay us a commission if they gain a customer. Many of the retailers/banks on that page may have no relationship with us, in which case we receive no compensation. Clark does not include the entire universe of available credit or financial offers on our sites.

While this helps us pay the bills, the trust that you have in us is our number one priority and always will be.
  #13  
Old 12-05-2019, 03:15 AM
fraurauch fraurauch is offline
Senior Member
Join Date: Jan 2007
Posts: 270
Thanks: 0
Thanked 0 Times in 0 Posts
Default

We have had an Ally savings account for approx. 5 years and are very satisfied with their customer service and their interest rates are among the best around.
__________________
Altoona, PA, The Villages, FL
  #14  
Old 12-05-2019, 07:18 AM
gcanonge gcanonge is offline
Junior Member
Join Date: Jan 2018
Posts: 14
Thanks: 0
Thanked 2 Times in 2 Posts
Default

Been with them for years. Great Bank. They offer good rates and I have never had an issue.
  #15  
Old 12-05-2019, 07:50 AM
Syd2008 Syd2008 is offline
Junior Member
Join Date: Jun 2019
Posts: 22
Thanks: 8
Thanked 12 Times in 9 Posts
Default Ally

Have been with Ally for 6 years. Wonderful service. Easy check deposits. Easy check ordering. Wonderful service if you need to contact. Refund up to $10 per month to your account for ATM fees. Have used for cashiers checks. Easy.

Highly recommend.
Closed Thread

Tags
ally, bank, thinking, opening, account

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 12:57 AM.