A message to the New Year's Eve babies of 2020

Rhea-AI Summary

On December 15, 2020, Ally Bank announced a special initiative for babies born on December 31, 2020, offering $250 in a custodial Online Savings Account. This move aims to provide these newborns a financial head start in an increasingly digital world. Ally Bank emphasizes its commitment to customer-centric solutions and digital innovation, celebrating the hope and joy that new births bring despite the challenges of 2020. Ally Financial, with $185.3 billion in assets as of September 30, 2020, continues to focus on serving consumer, commercial, and corporate customers.

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• Ally Bank offers $250 for custodial Online Savings Accounts to New Year's Eve babies, promoting early savings.
• The initiative is aligned with Ally's digital-first strategy, appealing to a new generation of consumers.

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• None.

CHARLOTTE, N.C., Dec. 15, 2020 /PRNewswire/ -- There's no denying 2020 has been an extraordinarily difficult year, but with each new baby born, there's been reason for hope. Ally Bank is celebrating that hope by offering $250 in a custodial Online Savings Account to all babies born on Dec. 31, 2020. Like these babies, Ally was made for the new era, one that's far more digital than ever, and this is our way of giving the future a financial head-start.

To the New Year's Eve babies of 2020,

You're almost here, and we can't wait to meet you.

You should know that a lot will be said about your birth year, and much of it will be pretty tough to hear. There have been extraordinary challenges, tragedies and troubling events -- that is true. But through it all, there also have been unprecedented awakenings, acknowledgements and opportunities for our human family to come together with a purpose to be better.

Best of all, it's you – and everyone born each day – who provide us with a reason to be hopeful. 

In many ways, 2020 marks a new era. You've been born on the other side of the great digital migration where, as a society, we've learned to do just about everything online, from staying close with family to going to work and school. As the original digital-only bank, we have a natural affinity for you -- we, too, were born for this new digital era.  

There will always be something special about the babies of 2020. You've entered our world at a seminal moment, and seminal moments come with their own circumstances. Your family might be feeling the anxiety and loss that have hit so many this year. But in the midst of that, you've brought them joy. And, particularly for all of you born on the very last day of a year that's challenged our world like no other, and who were likely conceived at the very start of the pandemic -- for you, we have an extra special welcome.

When you arrive, there's a custodial online savings account waiting for you, and we're going to put $250 in it. Think of it as an opportunity to get a head start on your savings, so you can be better prepared to make your mark on the world in 2040 and beyond. You'll need a parent or guardian to visit ally.com/nye2020babies to learn how to set it up for you. (By the way, if you have a twin, triplet or more, there's one for each of them, too -- the more the merrier.)

We love you for helping us end 2020 on a high note.

Best wishes,

Ally Bank

About Ally Financial Inc.

Ally Financial Inc. (NYSE: ALLY) is a leading digital financial-services company with $185.3 billion in assets as of September 30, 2020. As a customer-centric company with passionate customer service and innovative financial solutions, we are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. We are one of the largest full-service automotive-finance operations in the country and offer a wide range of financial services and insurance products to automotive dealerships and consumers. Our award-winning online bank (Ally Bank, Member FDIC and Equal Housing Lender) offers mortgage lending, personal lending, and a variety of deposit and other banking products, including savings, money-market, and checking accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Additionally, we offer securities-brokerage and investment-advisory services through Ally Invest. Our robust corporate finance business offers capital for equity sponsors and middle-market companies. 

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

For further images and news on Ally, please visit http://media.ally.com.

Contact:

Justin Nicolette
Ally Public Relations
justin.nicolette@ally.com 

 

View original content:http://www.prnewswire.com/news-releases/a-message-to-the-new-years-eve-babies-of-2020-301192385.html

SOURCE Ally Financial

FAQ

What is Ally Bank's initiative for New Year's Eve babies?

Ally Bank is offering $250 in a custodial Online Savings Account to all babies born on December 31, 2020.

How can parents claim the $250 savings account from Ally Bank?

Parents can visit ally.com/nye2020babies to learn how to set up the custodial Online Savings Account.

What is Ally Financial's asset value as of September 2020?

Ally Financial reported $185.3 billion in assets as of September 30, 2020.

What services does Ally Financial provide?

Ally Financial offers digital banking, auto finance, personal loans, and investment advisory services through Ally Invest.