I tried to open an online savings with Ally and was told I could not because I have no credit. I am a 19 year old college student still living at home so i have no bills or credit cards in my name. Ally bank felt me having $10,000 in their bank would be too high of a risk due to my lack of credit.

Great savings rate, more competitive than most other banks, and the sign up process was easy and secure. I look forward to adding to this savings account every month and watching it grow!

Been a customer for about a year and they have had consistently high rates and I have had no problems. The only thing I did not like earlier was that they did not have online statements but they fixed that.

Been great so far. Great rates and service. Website sucks though. Like a bad 1995 website so how secure is it?

DO NOT TRUST ALLY BANK!!!!!!
After making my initial deposit they took $12,000 out if my checking account without my authorization, making me $5000 overdrawn, with no money to pay bills, and told me that I did it and it would be 3 to 5 business days before I could get any of my money back into my account. I’m still waiting!

I Agree. I am looking for a switch and to find a place to take advantage of a better rate.

What happened to RedneckBank.com and the 3.25 they offered. HMMMM????

Scares me to get involved with anything involved with GM being this is the former GMAC

2.25% is pretty impressive in this market! Considering switching from HSBC direct, who I have been with for 4 years now.