Ally now allows percentage PODs

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
chemocean
Posts: 35
Joined: Mon Dec 19, 2016 9:45 pm

Ally now allows percentage PODs

Post by chemocean » Fri Jun 01, 2018 6:17 pm

Called Ally Bank on a related matter and found that Ally Bank now allows percentage PODs distributions on CDs and savings account. Before last month, Ally only accepted equal percentage, which required me to develop a complicated matrix to match distributions of multiple CD to match the target distribution to my beneficiaries while staggering maturity date to assure availability of funds during my lifetime. Went online, and it was easy to change from equal distribution to percentage on a small account. The existing PODs are listed and all I had to do was change to the target percentage distribution. If I change all the percentage distributions, I am assured funds when needed, without changing my target distribution upon my death.

Post Reply