Ally Bank and CD Fees
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 after the grace period ends.
Withdrawals before the maturity date are subject to a penalty. 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 (PDF) for full details on how we calculate the withdrawal penalty.
|If You Purchased or Renewed Your CD|
|All CD terms||60 days of interest|
|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|
The early withdrawal penalty doesn’t apply to the Ally Bank No Penalty CD.