Ally Bank has 1.9 million retail deposit customers
Ally Bank surpasses $100 billion in retail deposits. Source: shutterstock.com
Ally Bank announced a major milestone, surpassing $100 billion in retail deposits. The news comes just months after the bank celebrated its 10th anniversary.
Ally Bank’s 1.9 million retail deposit customers have demonstrated loyalty over its 10-year history, where retention levels have remained consistently above 90%. Through the first half of 2019, Ally grew retail deposits by $9.5 billion and added more than 200,000 customers.
Ally Bank launched in 2009. It is an all-digital platform, providing 24/7 customer service and competitive rates, with no monthly maintenance fees or minimum balance requirement on deposit accounts.
