Ally Bank Named MONEY® Magazine's "Best Online Bank"

News provided by

Sep 27, 2012, 09:00 ET

MIDVALE, Utah, Sept. 27, 2012 /PRNewswire/ -- Ally Bank has been named "Best Online Bank," "Best Savings Account" and "Best One-Year CD" in MONEY^® Magazine's annual "Best Banks in America" (October 2012) feature.

Chosen by MONEY reporters who evaluated 50 of the nation's largest banks, including analysis of savings, checking and CD account terms, the MONEY accolades highlight Ally Bank features—including no maintenance fees, no ATM fees, no minimum deposits and competitive rates, among others.

"Ally Bank and each of its product offerings was developed to provide the greatest value to the customer," said Barbara Yastine, chief executive officer and president, Ally Bank. "Third-party recognitions like this, from a trusted consumer resource like MONEY Magazine, affirm that we're continuing to do right by our customers."

Ally Bank is a direct bank that offers all of the products, services and convenience customers may look for:

24/7 live customer service by phone or online chat
No ATM fees (and Ally reimburses all ATM fees charged by other banks nationwide)
No maintenance fees or minimum balances, plus interest on checking
Convenience of Ally Mobile Banking, debit reward program Ally Perks, and Popmoney

Further solidifying its commitment to customer trust and loyalty, Ally Bank was recently praised as one of the top five "Most Trusted Companies for Retail Banking" in a study released by Ponemon Institute, as well as featured in the new book, "Extreme Trust: Honesty as a Competitive Advantage" (2012, Portfolio/Penguin).

The brand's online destination—Ally.com—also recently won two "Outstanding Website" awards in the Web Marketing Association's 16^th annual WebAward Competition, which recognized Ally in both the Banking and Financial Service categories as a site that exceeds the standard of excellence.

For full details on Ally's awards and recognitions, please visit: http://media.ally.com/index.php?s=59

About Ally Bank
Ally Bank is a direct bank in the U.S. that offers a straightforward approach to banking with no minimum deposits, no monthly fees and 24/7 live customer service. A subsidiary of Ally Financial Inc., the bank offers online savings, interest checking, money market accounts, certificates of deposit with terms ranging from three months to five years and IRA Plans and products. Follow us on Twitter @allybank or at facebook.com/allybank. Member FDIC. For more information, visit the Ally media site at http://media.ally.com or on Twitter, @ally.

Contact:

Beth Coggins
313-656-6964
[email protected]

Jessica Howell
313-656-6993
[email protected]

SOURCE Ally Financial