Ally Bank was built on the foundation of GMAC Financial Services. On May 15, 2009, GMAC relaunched its banking unit as Ally Bank.  Ally offers accounts with no monthly fees, no minimum deposits, and no minimum balances. The bank offers 4 savings and CD products: Classic CD, No Penalty CD, Online Savings Account, and Money Market Account. Ally Bank is striving to offer the best rates while giving its customers more flexiblity and options. As is demonstrated in Ally's television commercial, Ally Bank seeks to offer its customers a better bank that breaks away from the traditional banking process. In addition, the mission statement stresses that Ally Bank will be an "open, accountable, and honest" institution by being "straightfoward" with "no sneaky disclaimers." Ally offers its customers around the clock access to a call center agent for customer assistance.  Ally Bank accounts are FDIC insured to $250,000.

Ally Bank Telephone Number: 1-877-247-ALLY (2559) for 24/7 assistance

Ally Bank Address: Ally Bank, P.O.Box 13625, Philadelphia, PA 19101

Ally Bank E-mail: customercare@ally.com