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Rate Jump At Ally Bank On Online Savings And Money Market Accounts. 1.00% to 1.04% APY :)

Friday, June 10, 2011 - 7:40 AMAlly Bank
Shocking! But great to see.
5
buckeye61buckeye6120 posts since
Jun 10, 2011
Rep Points: 121
1. Friday, July 8, 2011 - 7:58 AM
Another jump today! 07/08/2011

 

Online Savings and Money Market  1.04% to 1.09% APY
5
buckeye61buckeye6120 posts since
Jun 10, 2011
Rep Points: 121
2. Saturday, July 9, 2011 - 10:21 AM
Thanks for noting the rate bump. It's nice to see.

It is a little strange how it went low and then has gone back up in the last few months. Here's its recent rate history:

7/8/2011      1.09%
6/10/2011    1.04%
3/21/2011    1.00%
2/23/2011    1.05%
11/20/2010  1.09%

I'm wondering if the FDIC is still dictating rates at Ally as the WSJ claimed in 2009.
1
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,664
3. Wednesday, July 13, 2011 - 12:22 PM
back to 1.04%
3
larkinlarkin62 posts since
Jun 18, 2010
Rep Points: 274
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