Canadian High Interest Savings Bank Accounts

Do they offer their service to Qc residents?

If Ally is the "new Sherriff in town", then based upon my experience, they should be run out of town. In summary:

1) I returned a message from Ally and the representative could not articulate why Ally had called.
2) I called back and was told that there was an issue with my credit report (which I had just pulled 2 days prior – it was complete). This was not the reason as it turns out.
3) Received an attestation letter which I completed with ID from the list provided by Ally. Received a subsequent e-mail to contact Ally – they indicated that they wanted DIFFERENT information than what I had provided (at Ally's request).

In my last call, I told Ally to cancel my application and close my account. I don't want to deal with a company that can't give me correct, straight forward answers. Anyways, I sent an e-mail to Tracie Crook, who I believe is the CEO of Resmor (parent company of Ally) to express my disgust with them wasting my time. I'll look elsewhere for the extra0.8% that I would have been earning.

ally savings accounts are cdic insured.

ally says on their website their accounts are cdic-insured. they would have to have one big set of cajones to say that if it wasn't true.

Just call CDIC customer service and they will verify the coverage of Ally or not. No sense going on with pages and pages of complaining when it is so easy to verify.

Agreed, Bob. Thanks for your clarification. The Ally rumours are being spread by a bunch of pro-ING and pro-ICICI people trying to peddle their referral codes and garner referral bonuses from those institutions. From a customer service standpoint, by the way, Ally wins hands down. ING relies on outsourced customer service to third-world countries and is reluctant to go off-script and it's taken me several e-mails and I still don't have a straightforward question. Alas, I digress.

Ally is a product of ResMor Trust Company, a CDIC member. Your Ally deposits are 100% CDIC insured and there are ways to exceed the $100,000 insured limit. Put money in a joint account, money in a sole account (TFSAs are counted as non-registered sole deposits), money in your own RRSP and you could be insured for $300,000 (if $100,000 in each).

Cheers,
Doug

We could, perhaps, lock this topic? If people want to continue discussion on Ally, sans CDIC questionability (is that a word?), then they could start the appropriate new topic.

Cheers,
Doug