Comments on: Ally: A Good Choice For Savings Accounts

By: Why isn’t Ally more popular? | Canadian Capitalist

Why isn’t Ally more popular? | Canadian Capitalist — Tue, 29 Nov 2011 06:01:32 +0000

[...] Even Ally’s early redemption rate is better: 1% compared to 0.5% at the big Orange. I have held savings accounts at both Ally and ING Direct and found little difference between the two – both offer much higher interest rates than the [...]

By: robin bolton

robin bolton — Fri, 18 Nov 2011 02:47:10 +0000

I find your TV advertisements to be most objectionale and demeaning to children. Surely you can do better than this!

By: Fran Clarke

Fran Clarke — Thu, 02 Jun 2011 22:55:32 +0000

It took several.commercials to actually find out the person/company putting on this commercial as I kept muting it because of the content of the ad. Who would ever teach their children to be so inconsiderate as this commercial shows the originator to be? If Ally wants to sell their product, please show some niceness to others. This. Ad would not wNt me to invest in Ally.

By: Ally-Up

Ally-Up — Tue, 01 Mar 2011 21:09:13 +0000

Regarding all the comments… Ally is a legal company, offers “free money” with regards to a high interest… I have been with some of the 5 big banks here in Canada and get ripped off with fees,… my suggestion.. take the “free” ride.. costs nothing to sign up, no fees, secure and government regulated…
paper trails galore if something happens…

I signed up with NO regrets.. besides, PIPEDA covers us in canada

Declan Murphy says:
May 26, 2010 at 1:04 pm
Canadian residents are protected under PIPEDA, and it overrides the USA Patriot Act
Just to set the record straight

By: Sean

Sean — Fri, 28 Jan 2011 22:33:27 +0000

Good job with the info guys, esp. Jordan. Great for a newbie like me

By: Canadian Capitalist

Canadian Capitalist — Mon, 17 Jan 2011 05:20:57 +0000

@almot09: Current GIC Direct rates on 2-4 years TFSA GIC:

2.25%
2.6%
2.95%

The rates at Ally for the same terms are:

2.40%
2.6%
2.90%

Plus Ally GICs are redeemable before maturity.

Ally is insured by CDIC, a federal agency. Provincial credit unions are insured by CUDGC, a provincial agency. The deposit insurance is *not* the same.

By: almot09

almot09 — Mon, 17 Jan 2011 00:30:36 +0000

“It is GIC where Ally really shine” (according to author) ?? – She didn’t do her homework. For the last 8-10 months I’ve been checking rates nation-wide via engines like GIC Direct and browsed provincial credit unions (same deposit insurance as any bank). At any given moment there were places giving same or better rate than ally.ca on the product that you’re interested in (in my case, 2-4 years TFSA GIC).

By: toni

toni — Sat, 17 Jul 2010 19:57:59 +0000

I opened a 5 year Ally GiC account at 4%, I sent my cheque for 60,000 and when they received it they held it and could not process it because they did a credit check and my birthdate didn’t match the Trans Union Credit check, I don’t know why they needed a credit check when I was handing them 60,000 dollars but I asked for the cheque to be returned , and they promptly did just that, since it is taking some time to get my birthdate correct on Trans union’s records.

I hope the rate of 4% will still be there when I am ready to send a cheque again, I just want a GIC not an account, but the initial opening of the GIC account went smooth. One thing I did find odd was that I wanted to send them my birth cert. by fax and they said that the office did not have a fax machine!

By: » Moving cash to higher interest rates Canadian Business Blogs | Advice on Investment in Canada, Stock Market, Small Businesses Opportunities

Wed, 02 Jun 2010 18:56:50 +0000

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By: dlm

dlm — Tue, 01 Jun 2010 10:25:16 +0000

Ally is not covered by CDIC. ResMor is. Why is it that when Scotiabank took over several trust companies, the trust companies are still separately listed for coverage at CDIC?