NEWS: Ally Bank Expands Ten-Day Best Rate Guarantee To Renewing CDs
There is good news if you are an Ally Bank customer and have certificates of deposit (CDs) coming up for renewal. Starting August 31, 2009, Ally Bank is expanding its popular Ten-Day Best Rate Guarantee that has been available for new CD deposits to renewing CDs. This means that you are guaranteed the best interest rate for 10 days from the maturity date.
According to Diane Morais, executive of Deposits and Product Innovation: “Our customers will get the best rate we offer at maturity or for nine days thereafter. This reduces the angst for people who are worried about getting a great rate the day their CD matures. It’s one of the steps we are taking to do what’s right for the customer.”
Ally Bank is a U.S. online bank offering online savings accounts, money market savings accounts, and certificates of deposit ranging from three-month to five-year terms. Ally Bank challenges traditional banks by offering:
- No minimum deposits
- No monthly fees
- No minimum balances
- No sneaky disclaimers
- 24/7 customer service
- Compounding interest daily
- Sleeping Money alerts
- A nine-month no-penalty CD
Customers with questions about new or renewing CDs can contact an Ally Bank customer service representative around the clock at 1-877-247-ALLY or visit www.ally.com.
Disclaimer: when you click on the links to open an account with Ally, I get a small referral fee. Not much, but enough to make a difference.
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customer service representative, maturity date, best rate guarantee, Certificate of Deposit, interest rate, money market savings, Ally BankRecommended articles
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