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No Penalty Certificate of Deposit (CD): Customer Reviews

A great rate and no early withdrawal penalty. Withdraw your entire balance, including all interest earned, without a penalty. Click to open account.
Summary of Customer Ratings & Reviews

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
5
Online Banking
5
Customer Service
5
Product Features
5
NO PENALTY CD
2011-10-24 by "ACE OF THE BASE" from ANCHORAGE, ALASKA
COMPARED TO OTHER BANKS, IN TODAYS FINANCIAL MARKET, ALLY BANK IS THE LEADER.

 
5
Rates
5
Account Opening
3
Online Banking
4
Customer Service
5
Product Features
5
Great for emergency funds
2011-10-12 by Grumpy from TX
Opened 6 of theses for 6 months worth of emergency funds. Rates are as good as you can get anywhere and the no penalty is an outstanding feature for my needs. Only issue I've had is with opening joint accounts because my wife and I don't want separate logins/passwords. Had to contact customer service to get it done. They were quick and very helpful though.

 
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Customer Service
1
Easiest Way to Save
2011-10-06 by Allylace from Charlotte, NC
I love me some Ally Bank (hahaha!) Honestly, I find the website extremely easy to navigate and simply written. Some family members are still walking in a bank and talking with a teller for their transactions. It appears to give them a "warm & fuzzy". With Ally Bank, I get a "warm & fuzzy" with higher interests rates! Thank you Ally Bank!

 
1
Product Features
5
Rates
4
Account Opening
5
Online Banking
5
Customer Service
5
ally banking
2011-10-01
lousy customer service and terrible accrued interest account reporting

 
5
Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Best Bank Right Now
2011-10-01 by Foshopo from Abilene
Ally bank is the best bank going right now. There rates are competitive and they are always offering new features. I love the recent PoPmoney option. Keep doing what you are doing Ally Bank.

 
5
Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Great interest rate as compared to others
2011-09-30 by Budjoe from NH
Excellent service and on-line information. Great to do business with. Very competitive rates and no minimums required. Love this bank.

 
5
Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Ally Beats Them All
2011-09-25 by Igor from Brooklyn, NY
It's hard to beat Ally's interest rates. Open an account with $1. No obvious restrictions on transfers to other financial institution. Open as many accounts as you want, Great website--easy to maneuver, check records, keep track of transactins, download into Quicken, etc. Customer service by phone or online is second to none and should be a model for all other busnesses; the customer comes first with Ally.

 
5
Product Features
3
Rates
1
Account Opening
5
Online Banking
5
Customer Service
4
Best thing to happen to banks!
2011-09-11 by BufALuv from Buffalo, NY
I was nervous about having an account with an "online" bank. Who knew this bank would be better than a bank I've had for nearly 2 decades! My nervousness quickly changed to excitement. I was able to open this account in 10 minutes, deposit the funds in as little as 3 days and TA DA! The rate is spectacular and the service is great. What I love most about this account that when you need the money you can take it out without a penalty! That gives me a great sense of mind!

 
3
Product Features
5
Rates
4
Account Opening
5
Online Banking
5
Customer Service
5
cant close account online
2011-09-08 by queequeg from Hayden Idaho
online banking means online banking. you should not have to contact customer service and listen to sales pitch to close accounts.

 
5
Great Idea
2011-08-24 by Mousey from Bradenton, Fl
I like the idea that customers are given the option to open a No Penalty C.D.. There may come a time when an out of your hands financial situation may occur, and you may need extra money, and when that happens at other financial institutions, you're charge a large penalty fee, but not at Ally. No penalty CD is a GREAT IDEA!

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