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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
 
4
Product Features
4
Rates
4
Account Opening
4
Online Banking
3
Customer Service
4
Good Bank
2011-08-20 by Simpleman50 from Sunrise Beach, Mo.
I wasn't sure about Ally Bank at first, but have no complains.

 
5
Product Features
5
Rates
3
Account Opening
5
Online Banking
5
Customer Service
5
No penalty cd
2011-08-15 by richie from salem,or
Easy to open and easy to withdraw. Website is very consumer friendly.

 
5
Product Features
5
Rates
5
Account Opening
4
Online Banking
5
Customer Service
5
What could be easier?
2011-08-12 by who_r_u from PA
So our choices were to stash a bunch of money in a savings / money market account with a nice interest rate, or to put it into a no-penalty CD which pays an even higher rate and funds can be withdrawn without penalty or prior notice. I wish all my decisions were this easy. We are sitting on a bunch of cash due to market conditions but still want to get the best available rate for our money. To keep that nestegg in a savings or MM account is just leaving money on the table.

 
5
Product Features
5
Rates
5
Account Opening
5
Online Banking
5
Customer Service
5
Great Product, Superb Customer Service
2011-08-03 by dcxr7 from Tempe, AZ
Try and find a No-Fee CD anywhere else with the terms ally gives you and you will come to realize that you can't! This is one of the best products that Ally offers. They have great rates considering you can take the money out at any time with no fee. From the opening funding to closing the cd, its a breeze. Ally makes it easier to manage your money!

 
5
Online Banking
2
Product Features
4
Rates
3
Account Opening
4
Online Banking
3
Security
2011-07-25 by Liana from Tampa
Guys you have a great bank going but with minimum security. Anyone in my family may know the answers to the secret questions and may transfer money. Is it so hard to add a safepass code sent to my cell every time I want to transfer money? So many banks are doing it. Why not you?

 
4
Customer Service
5
Product Features
4
Rates
4
Account Opening
5
Online Banking
2
open and view accounts
2011-07-23 by JC and SA from California
Phone personnel have been great, patient, and knowledgeable. Very pleased!

 
3
Customer Service
2
Product Features
4
Rates
4
Account Opening
4
Online Banking
4
ease of use and control
2011-07-20 by missie from michigan
It is funny how when i go to transfer my money from a mature cd that there is no option available to take my money out online, depositing is a breeze.

 
1
Customer Service
5
Product Features
5
Rates
5
Account Opening
5
Online Banking
5
The worse service ever
2011-07-20 from chandler, az
Ally did double withdrawal from my brokerage account to fund a newly opened CD. Instead of immediately transferring the extra money back, they are holding it for 2 weeks (still) and I don;t know if they are ever going to pay the margin interests that was incurred on the extra money that they withdrew from my brokerage account.

 
4
Customer Service
5
good interstes rate
2011-07-17 by Lida from Georgia
easy to open an account and review your accounts and good customer service.

 
5
very pleased
2011-07-11 by Eliz from Columbia, SC
I was a bit unsure of an online bank but I have been with Ally for almost 2 years and it has been a pleasure. There is always someone to talk with and have always received answers to my questions.

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