I’m a current customer at Ally Bank and when my CD expires I’d like to find someone more competitive. However, I must admit one very nice feature Ally has is to be able to add multiple beneficiaries to increase FDIC coverage with unequal share allocations.
I assumed this was a regular practice at most banks but when I called Marcus to double check they told me they don’t offer that option. It’s hard to believe that wouldn’t because it seems like a feature that a lot of people would want.
Besides Ally bank, do you guys know any other major online banks that you know offer the same option?