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Ally Bank Cuts Savings And Money Market Account Rate To 1.20%

Thursday, November 4, 2010 - 8:46 AMAlly Bank - Details
Ally Bank didn't waste any time after yesterday's Fed meeting. The online savings account yield fell from 1.24% APY to 1.20% APY.

The same rate cut was applied to the money market account.

On the positive side, they made a slight rate increase on the 11-month no-penalty CD (see the CD thread).
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,702
1. Thursday, November 4, 2010 - 1:48 PM
now 1.19%...that was quick.
larkinlarkin62 posts since
Jun 18, 2010
Rep Points: 274
2. Thursday, November 4, 2010 - 3:31 PM
Boy, I'm afraid to look at the rate tomorrow morning!
PurplesagePurplesage26 posts since
Oct 11, 2010
Rep Points: 75