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Ally Drops Rate On "No Penalty" CD Once Again

Saturday, May 7, 2011 - 7:23 PMAlly Bank - Details
When will it stop?

Ally dropped the rate on its no-penalty CD to 1.10% apy from 1.15% apy on May 4th.
king3344king33447 posts since
Jun 6, 2010
Rep Points: 36
1. Sunday, May 8, 2011 - 4:49 PM
SAFE DEPOSIT box opened after 10 years, found $5K CD maturing in '96, payable on death(CD purchaser deceased now about 10 years), automatically renewing.  Bank is OCC regulated but recent change in ownership.  Upon presentation, representative says they will have to "write" to former bank, issuer of CD.

Comments? I think the CD is payable(I am recipient, "payable on death," along with interest since maturity.

NOTE: I've moved this off-topic issue to its own thread. Please post any replies to this comment in this thread.


gleebeckgleebeck1 posts since
May 8, 2011
Rep Points: 1