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Ally Provides Online Savings In Canada

To offer rate comparison tool on web, sleeping money alerts and a ten-day rate on new and renewing GICs

Ally, a product of ResMor Trust Company, a subsidiary of GMAC and a member of the Canada Deposit Insurance Corporation (CDIC), has introduced an online savings products in Canada.

The company stated that Ally online savings is likely to offer rate comparison tool on web, sleeping money alerts and a ten-day rate on new and renewing GICs. It includes guaranteed investment certificates (GICs), a 12-month no penalty GIC option, and high interest savings accounts, all of which are available either as traditional saving products or tax-free savings accounts.

Mike Spero, managing director of Ally, said: Customers are looking to save and grow their money efficiently, without sneaky fine print or teaser tactics. Our ally.ca website is straightforward, and our live customer contact centre is available 24 hours a day, whenever people have time to manage their money.

We believe that being direct and honest is the best way to build lasting customer relationships, and at Ally we intend on delivering that promise.

Tracie Crook, president of ResMor Trust Company, said: The addition of Ally online savings products will further diversify funding sources for our Canadian financing business. Customers will get great rates on their savings, and we will use those deposits in the marketplace supporting our auto and mortgage customers with competitive financing alternatives.