Comments on: Ally Bank Ten Day CD Rate Guarantee http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 22:21:00 +0000 hourly 1 By: daemondust http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-329011 daemondust Mon, 12 Oct 2009 23:48:35 +0000 http://www.bargaineering.com/articles/?p=5264#comment-329011 This is a great marketing ploy for them. Even if they keep this rate and people keep putting their money back into it, it's only costing them 50 cents a person (assuming a $1000 investment, of course) for all this free advertising. But, I can't help but think this might be a last ditch effort to get an immediate influx of cash. Maybe they have an audit coming up and don't quite have enough cash in reserves to cover their deposit accounts? This is a great marketing ploy for them. Even if they keep this rate and people keep putting their money back into it, it’s only costing them 50 cents a person (assuming a $1000 investment, of course) for all this free advertising.

But, I can’t help but think this might be a last ditch effort to get an immediate influx of cash. Maybe they have an audit coming up and don’t quite have enough cash in reserves to cover their deposit accounts?

]]> By: centsandthecity http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328993 centsandthecity Mon, 12 Oct 2009 19:51:11 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328993 That's great that Ally seems to be looking out for their customers. Too bad it's only 10 days! ;) That’s great that Ally seems to be looking out for their customers. Too bad it’s only 10 days! ;)

]]> By: Daniel http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328989 Daniel Mon, 12 Oct 2009 19:10:28 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328989 I have my main savings with Ally and about a dozen CDs now, all laddered through them. I enjoy their slightly-above-average rates, the online chat option for customer service, and most importantly, I like their purple/magenta-black-white color scheme. I have my main savings with Ally and about a dozen CDs now, all laddered through them. I enjoy their slightly-above-average rates, the online chat option for customer service, and most importantly, I like their purple/magenta-black-white color scheme.

]]> By: John DeFlumeri Jr http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328956 John DeFlumeri Jr Mon, 12 Oct 2009 01:35:55 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328956 Don't make rash decisions, be safe. Observe the safety rules of FDIC insurance. Don’t make rash decisions, be safe. Observe the safety rules of FDIC insurance.

]]> By: Gene at www.kitchentablenomics.com http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328955 Gene at www.kitchentablenomics.com Mon, 12 Oct 2009 01:23:36 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328955 Can't quarrel with anything any of you said, and don't want to. But it strikes me this is pretty nifty marketing on Ally's part too; they've got you in the door no matter what the banks down the street offer. Can’t quarrel with anything any of you said, and don’t want to. But it strikes me this is pretty nifty marketing on Ally’s part too; they’ve got you in the door no matter what the banks down the street offer.

]]> By: Anthony http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328953 Anthony Mon, 12 Oct 2009 01:01:10 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328953 So far, I'm loving Ally. The CD rates are among the best, and the online savings rates are also among the best. They've always offered great customer service and now they are just getting better... I'm building a CD ladder with Ally, and I'm happy to do so with them. So far, I’m loving Ally. The CD rates are among the best, and the online savings rates are also among the best.

They’ve always offered great customer service and now they are just getting better…

I’m building a CD ladder with Ally, and I’m happy to do so with them.

]]> By: Jim http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328946 Jim Sun, 11 Oct 2009 21:52:44 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328946 Rate chasing just isn't worth the effort, especially when you remember taxes. A quarter of that fifty cents goes to the tax man. :) Rate chasing just isn’t worth the effort, especially when you remember taxes. A quarter of that fifty cents goes to the tax man. :)

]]> By: eric http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328942 eric Sun, 11 Oct 2009 19:52:50 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328942 Yup not much of a rate chaser (at least in this environment!) but having more flexible CD options is a good thing. Yup not much of a rate chaser (at least in this environment!) but having more flexible CD options is a good thing.

]]> By: zapeta http://www.bargaineering.com/articles/ally-bank-ten-day-cd-rate-guarantee.html/comment-page-1#comment-328941 zapeta Sun, 11 Oct 2009 18:57:08 +0000 http://www.bargaineering.com/articles/?p=5264#comment-328941 My days of rate chasing are done too. That being said, its nice of Ally to look out for their customers by locking them in at a higher rate if it goes up especially since they don't have to. My days of rate chasing are done too. That being said, its nice of Ally to look out for their customers by locking them in at a higher rate if it goes up especially since they don’t have to.

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