Summary of Customer Ratings & Reviews
5
5
4
5
5
5
I have 2 of these CDs and it is wonderful with today's economy and my personal needs to know I can set aside money at higher interest rates but if I need it I can get to it without loosing money! I also want to thank you for listening to your customers I use only Roth IRAs for retirement savings and I can't wait to open some accounts with Ally! The raise your rate CDs are above competative and the savings account APR is more than most 12 month or less CDs anywhere! Thank you Ally!
5
5
4
5
5
5
No-penalty CD is an amazing product. I only know if Ally Bank that offers this kind of product that really takes the risk of withdrawal fees away from the consumer.
3
3
3
4
2
2
there is not on line option to redeem a matured CD... if I do not redeem, it will automatically renew. I wish I could enter a transfer of the proceeds from CD account to checking account. Why not? it should be a simple operation: IE allow CD accounts to be treated as an online initiated transfer form CD to checking.
4
2
2
5
5
5
I am a Retired person, who can't get a part time job, I guess they don't like old people. Just wish the interest rates were a little better. then I wouldn't need to worry so much. But I alway receive good customer service when dealing with Ally, I am treated good.
5
5
5
5
5
5
easy to use platform. Opened a new CD in less than 5 minutes!
5
5
5
5
5
5
The interest rate is better than other banks and the no panalty makes it more attrative.
1
1
1
1
1
1
Some poor communication practices between bank and customer, as I wish I would have know that the one of the product features incorporated into the 11 Mo. ( No Penalty CD ) is the need to close the entire certificate prior to obtaining any part of the funds initially deposited. This info, was never provided upon openning the account. On another instance a request for an electronic transfer of funds was requested, the process of verifying the status of said outside account was conducted. However, Ally Bank had failed to inform ( the customer) me, the outcome and reason for Ally's inability to establish any such verification, which intails the process of sending small deposits to the outside (account) as provided. It was later learned that the said outside account had been placed in an inactive status by that financial institution for lack of use. This info. which was revealed later, and only as result of a special investigation conducted into the matter at my request. This critical info. on that account was however not provided to me prior to my specific inquiry into the matter. This yet another example of the poor communications skills and proceedures in place there at Ally Bank.
5
5
5
5
5
5
I was making pennies a month on my original savings, then I found ALLY and started making cash and these days, any extra cash is welcome to me. I really like the "No Penalty CD" that gives me the option of taking my cash out if needed without penalty after a small waiting period. Thanks ALLY
5
5
5
5
5
5
Earn a high yield with no restrictions. Buy this product and make the most of your hard earned money with no fees. Never have to worry about when you need that principle money for an emergency. One of the most competitive products offered and the best part I even got a bonus .25% tagged on at the end of my maturity date which gave me my current new rate with an additional .25% added on top of it just for renewing for another term!
5
5
5
5
5
5
This product is a no-brainer. It pays some of the hightest interest rates around and there is no penalty if for some reason I have to close it before the length of terms are expired. No risk, high rates, ease of use; I can't think of a reason NOT to use Ally.
No Penalty Certificate of Deposit (CD)
Rated 4.3609/5 based on 169 customer reviews
Get a fixed CD rate with the freedom of a no penalty early withdrawal.
Customer Reviews
5 Product Features
5
Rates
4
Account Opening
5
Online Banking
5
Customer Service
5
Thank you
2011-07-01
by Luv2Save and Vacation!
from Orlando, FL
I have 2 of these CDs and it is wonderful with today's economy and my personal needs to know I can set aside money at higher interest rates but if I need it I can get to it without loosing money! I also want to thank you for listening to your customers I use only Roth IRAs for retirement savings and I can't wait to open some accounts with Ally! The raise your rate CDs are above competative and the savings account APR is more than most 12 month or less CDs anywhere! Thank you Ally!
5 Product Features
5
Rates
4
Account Opening
5
Online Banking
5
Customer Service
5
No-Penalty CD
2011-06-23
by Mr.Finance Major
from QUEENS NY
No-penalty CD is an amazing product. I only know if Ally Bank that offers this kind of product that really takes the risk of withdrawal fees away from the consumer.
3 Product Features
3
Rates
3
Account Opening
4
Online Banking
2
Customer Service
2
No online acess to transfer mature CD proceeds to Ally checking account
2011-06-05
by Ronin
from Las Cruces, NM
there is not on line option to redeem a matured CD... if I do not redeem, it will automatically renew. I wish I could enter a transfer of the proceeds from CD account to checking account. Why not? it should be a simple operation: IE allow CD accounts to be treated as an online initiated transfer form CD to checking.
4 Product Features
2
Rates
2
Account Opening
5
Online Banking
5
Customer Service
5
Wish Super interest rate was even better , I retired
2011-06-02
by Sylve
from Delco, PA
I am a Retired person, who can't get a part time job, I guess they don't like old people. Just wish the interest rates were a little better. then I wouldn't need to worry so much. But I alway receive good customer service when dealing with Ally, I am treated good.
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
internet banking
2011-05-22
by Chivo101
from miami
easy to use platform. Opened a new CD in less than 5 minutes!
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
No Penalty CD
2011-05-17
by choigirl
from TX
The interest rate is better than other banks and the no panalty makes it more attrative.
1 Product Features
1
Rates
1
Account Opening
1
Online Banking
1
Customer Service
1
No Penalty Certificate of Deposit ( CD )
2011-05-16
by Alligator
from Florida
Some poor communication practices between bank and customer, as I wish I would have know that the one of the product features incorporated into the 11 Mo. ( No Penalty CD ) is the need to close the entire certificate prior to obtaining any part of the funds initially deposited. This info, was never provided upon openning the account. On another instance a request for an electronic transfer of funds was requested, the process of verifying the status of said outside account was conducted. However, Ally Bank had failed to inform ( the customer) me, the outcome and reason for Ally's inability to establish any such verification, which intails the process of sending small deposits to the outside (account) as provided. It was later learned that the said outside account had been placed in an inactive status by that financial institution for lack of use. This info. which was revealed later, and only as result of a special investigation conducted into the matter at my request. This critical info. on that account was however not provided to me prior to my specific inquiry into the matter. This yet another example of the poor communications skills and proceedures in place there at Ally Bank.
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
No Penalty CD
2011-05-08
by IMBigboy1
from Bayonet Point, Florida
I was making pennies a month on my original savings, then I found ALLY and started making cash and these days, any extra cash is welcome to me. I really like the "No Penalty CD" that gives me the option of taking my cash out if needed without penalty after a small waiting period. Thanks ALLY
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Super interest rate flexibility
2011-05-08
by Ally4life
from New York, NY
Earn a high yield with no restrictions. Buy this product and make the most of your hard earned money with no fees. Never have to worry about when you need that principle money for an emergency. One of the most competitive products offered and the best part I even got a bonus .25% tagged on at the end of my maturity date which gave me my current new rate with an additional .25% added on top of it just for renewing for another term!
5 Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Great Product
2011-05-02
by Luvmybank
from Florida
This product is a no-brainer. It pays some of the hightest interest rates around and there is no penalty if for some reason I have to close it before the length of terms are expired. No risk, high rates, ease of use; I can't think of a reason NOT to use Ally.
