Ally Offers Online Savings in Canada



    
    - New online savings products will challenge banking as usual with top
    interest rates, no fees or minimums, and 24-hour customer service -




    
    TORONTO, Sept. 3 /CNW/ -- Ally today announced that it is launching
online savings products in Canada, offering interest rates among the highest
in the country and 24-hour customer service.

    "Our new retail savings products will challenge the financial services
industry with straightforward talk, great rates and no hidden fees," said Mike
Spero, managing director of Ally.  "Customers are looking to save and grow
their money efficiently, without sneaky fine print or teaser tactics," he
said. "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."

    Ally is a product of ResMor Trust Company, a subsidiary of GMAC Inc. 
Ally will offer a variety of online savings products, including a range of
Guaranteed Investment Certificates (GICs), a true 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.  ResMor Trust
Company is a member of the Canada Deposit Insurance Corporation (CDIC).

    "The addition of Ally online savings products will further diversify
funding sources for our Canadian financing business," said Tracie Crook,
president of ResMor Trust Company. "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."
    

    Ally online savings will offer:


    --  A 12-Month No-Penalty GIC with No Strings Attached - Customers get
both
        a great interest rate and the flexibility to access their money. They
        can withdraw funds prior to the maturity date without a fee while
        receiving full interest, and transfer the funds to any account at any
        institution without penalty.


    --  No Teaser Rates - Ally will not "bait and switch" customers with
teaser
        rates that later change on GICs or other products.


    --  Leading Interest Rates - Ally is committed to offering interest rates
        always among the best in the country across all savings products. The
        Ally website clearly posts a rate comparison tool, enabling customers
        to check out the competition.


    --  No Sneaky Disclaimers - Ally provides complete transparency on
interest
        rates and terms, and won't hide behind legalese and jargon.


    --  24/7 Live Customer Service - Recognizing that not all questions can be
        answered by an automated system or during traditional business hours,
        Ally offers around-the-clock access to a call centre agent for
customer
        assistance. (1-866-247-ALLY or 1-866-247-2559)


    --  Sleeping Money Alerts - While most institutions are happy to let
        customer deposits earn minimum interest, Ally will send an email to
        customers when funds have been idle for three months and when the
        customer can be earning a higher rate of return.


    --  No Minimums - There are no minimum deposits or minimum balances
        required.


    --  Ally Ten-Day Rate Promise - Customers will get the best rate Ally
        offers on new and renewing GICs within a 10-day period from when an
        account is opened or when a GIC matures.


    
    "People should expect more from their financial institutions," said
Spero. "The Ally brand, which recently launched in the U.S. market, is
succeeding because we're committed to three principles: Talking straight,
doing the right thing for the customer and being obviously better than the
competition. It's a promise from us to our customers.

    "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,"
Spero added.
    

    About ResMor Trust Company
    
    ResMor Trust Company is a federally regulated trust company focused on
providing residential mortgages, mortgage servicing and deposit products
through independent brokers. ResMor Trust Company also provides retail auto
financing to consumers and commercial lending to auto dealers. ResMor Trust
Company is a member of the Canada Deposit Insurance Corporation (CDIC). Learn
more at www.resmor.com.
    

    About GMAC Inc.
    
    GMAC is a bank holding company with 15 million customers worldwide. As a
global, independent financial services institution, GMAC's diversified
business operations include automotive finance, mortgage operations,
insurance, commercial finance and online banking. As of June 30, 2009, the
company had approximately $181 billion in assets. Visit the GMAC media site at
http://media.gmacfs.com for more information.


    Contacts:

    
    Sue Mallino
    313-656-6970
    sue.mallino@gmacfs.com
    

    
    Tony Sapienza
    313-820-7437
    tony.sapienza@gmacfs.com




    




For further information:

For further information: Sue Mallino, +1-313-656-6970,
sue.mallino@gmacfs.com, Tony Sapienza, +1-313-820-7437,
tony.sapienza@gmacfs.com Web Site: http://media.gmacfs.com

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