How badly do providers want IRA rollover business? So badly that at least one is willing to pay for it.
Ally Bank, the banking subsidiary of Ally Financial, announced it will pay $100 to $500 to consumers who rollover outside funds to one of their IRA products.
From the first of the New Year through the end of May 2015, deposits of $25,000 to $49,999 will be paid $100, a deposit up to $200,000 will be paid $250, and deposits of more than that will be paid $500.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
