High Yield Certificate of Deposit (CD)


Features Maximize your earnings. Period.

Want to know more? Download our Straight Talk Product Guide

Managing your account is easy

Get the service you need, when you need it. Talk to a real person 24/7, and enjoy the convenience of Online Banking and Mobile Banking.


Rates Get more for your money

We offer rates that are consistently competitive.

See how we compare

3 Month
6 Month
9 Month
12 Month
18 Month
3 Year
5 Year
View All Terms
0.95 % APY

Estimate your earnings

Annual Percentage Yield Estimated Earnings for 12 Months Estimated Total Savings

What we're showing you

Our Annual Percentage Yield (APY) is accurate as of 7/24/2014 . The APYs for other banks are provided by mybanktracker.com and are accurate as of 7/21/2014. The APYs in this table are for the state of California. Not your state?

If you make an early withdrawal, you will pay a penalty.

Fees No surprises

We don't charge any maintenance fees for your Ally Bank CD. When your CD matures, you can withdraw your money at no charge during a 10-day grace period. If you decide to renew your CD, don't do a thing, and we'll automatically renew it.

Early Withdrawals

Withdrawals before the maturity date are subject to penalties. Partial withdrawals aren’t allowed. Are there exceptions?

If you redeem your CD before the maturity date, the penalty we charge will depend on your CD term (see penalty schedule). How is the penalty calculated?

See the Ally Bank Deposit Agreement for full details on how we calculate the withdrawal penalty.

High Yield CDs Purchased or Renewed Before 12/07/13.


60 days of interest

High Yield CDs Purchased or Renewed on or After 12/07/13.
The penalty we charge will depend on your CD term.

2 years or less

60 days of interest

3 years

90 days of interest

4 years

120 days of interest

5 years or longer150 days of interest

Ally Bank It's good to be different

We’re an online bank, which means we don't have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.

With Ally Bank, you get everything you expect from a traditional bank and more:

  • Peace of mind. No hidden fees. No maintenance fees. No minimum balance required
  • Fund your account. It's easy with Ally eCheck Deposit℠ or an ACH transfer
  • Keep track. Access your account anytime, anywhere with Ally Online & Mobile Banking
  • Ally Ten Day Best Rate Guarantee. When you renew your CD, you automatically get the best rate we offer within 10 days beginning with the CD renewal date. Most banks offer only one rate – the one you get the day you renew.
  • Interest compounded daily. We grow your money faster with interest compounded daily. Many others compound monthly, quarterly, or even annually.

Learn more about the benefits and conveniences of Ally Bank.

Customer Reviews Don't just take our word for it


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FAQs We have answers

  • Can I make additional deposits to a Certificate of Deposit (CD)?

    No. Additional deposits cannot be made during the term (initial and renewals) of any of our certificate of deposit options. However, once the certificate of deposit matures, you have the opportunity to deposit additional funds and roll over the CD into a new term during the 10 day grace period, starting with the maturity date.

  • What is the minimum deposit for an Ally Certificate of Deposit?

    There is no minimum deposit to open our High Yield Certificate of Deposit, Raise Your Rate Certificate of Deposit or No Penalty Certificate of Deposit.

  • What types of certificates of deposit do you offer?

    We offer three types: a High Yield Certificate of Deposit with terms of 3, 6, 9, 12, 18, 36, and 60 months; 2 year and 4 year Raise Your Rate Certificate of Deposit that let you raise your rate during your term if our rates go up; and a No Penalty Certificate of Deposit with an 11 month term that has no early withdrawal penalty.

  • How do I receive my money when my Certificate of Deposit (CD) matures?

    We make it easy for you to receive your funds. Just let us know by phone, chat, or regular mail before your certificate of deposit matures. You also have a grace period of 10 days starting with the maturity date to make a withdrawal without being charged a penalty. If you don't let us know you want to receive your funds, we will automatically renew your certificate of deposit. Please do not send your maturity request via secure email – just call us and we'll be happy to help.

  • What is the penalty for an early withdrawal from my CD?

    If you redeem your CD before it matures, a penalty according to the fee schedule below will apply. However, early withdrawal penalties don’t apply to Ally Bank No Penalty CDs if you withdraw all your money anytime after the first 6 days following the date you funded your account. Please keep in mind that you can only make a full withdrawal from a CD. Partial withdrawals aren't allowed.

    CDs Purchased or Renewed Before 12/07/2013
    All CD terms 60 days of interest
    CDs Purchased or Renewed on or After 12/07/2013
    The penalty we charge will depend on your CD term.
    2 years or less 60 days of interest
    3 years 90 days of interest
    4 years 120 days of interest
    5 years or longer 150 days of interest

    This penalty is calculated using the interest method detailed in the Ally Bank Deposit Agreement (PDF). It’s first deducted from the accrued interest and then – if necessary – the principal.

    For our Raise Your Rate CD, the penalty is calculated using the interest rate in effect on your account on the day you request the early withdrawal.


    We’ll waive the early withdrawal penalty for a CD if the account owner:

    • Passes away
    • Is judged legally incompetent

Still have questions? Visit our Help Center