Is Ally Bank a good bank?

Headquartered in Sandy, Utah, and founded in 2009, Ally Bank is the digital-only banking division of Ally Financial, Inc., which has roots dating back to the 1920s. In addition to checking and savings accounts, Ally offers credit cards, investment accounts, mortgages, auto financing and personal loans. Ally Bank customer service is top-rated.

How does Ally Invest work?

The primary Ally Invest website serves as the link to Ally Bank, which most would utilize for the purpose of gaining interest on cash balances; and Ally Bank offers some of the best short-term rates available. Options trading is different on the different platforms, too, with the Ally Invest website required to use all the tools.

What are the different types of investment accounts?

Self-directed investors can access most typical types of investment accounts including: Individual and joint taxable. Custodial. Traditional, Roth and rollover IRA. Coverdell education savings account. The Ally Invest Robo Portfolios offer individual and joint brokerage accounts along with traditional, Roth and rollover IRAs.

When was Ally Bank founded?

The company will celebrate its 100th year in 2019 Ally Bank started out as a financial institution that was founded by General Motors in 1919. It was established under the name of General Motors Acceptance Corporation a century ago.