bludroptop wrote: Just so y'all know, Ally Bank is the former GMAC and is roughly 3/4 owned by the United States government, as a consequence of the banking bailout. Linky
So what? 0.95% interest on my savings account, no fees, and FDIC insured. I'm a taxpayer, so I might as well get what I paid for.
Tom Suddard wrote: So what? 0.95% interest on my savings account, no fees, and FDIC insured. I'm a taxpayer, so I might as well get what I paid for.
Exactly the point - Ally has been accused of buying market share by paying a higher than market rate of return using taxpayer bailout money (yours and mine).
I'm not making a judgement on your choice, just clarifying the back-story.
bludroptop wrote:Tom Suddard wrote: So what? 0.95% interest on my savings account, no fees, and FDIC insured. I'm a taxpayer, so I might as well get what I paid for.Exactly the point - Ally has been accused of buying market share by paying a higher than market rate of return using taxpayer bailout money (yours and mine). I'm not making a judgement on your choice, just clarifying the back-story.
And this trend will continue. But I don't want to get political.
USAA: can't say enough good things about them. Great to do business with.
1988RedT2 wrote: And this trend will continue. But I don't want to get political.
Good call. Neither do I, so I'll just leave this representation of my basic viewpoint on the subject.
Add another vote for USAA if you qualify. Amazing that a large company has some tremendous customer service, and quality products. The only part of my financial life I don't have through them is my IRA- which Vanguard edges out slightly in cost. Auto, homeowners insurance, car loans, home loans, multiple checking/savings accounts. They're the real deal.
I thought I raised you better...
Mom
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