Get the Best Possible CD Return

Grow Your Money With a Certificate of Deposit

September 2012

What is a Certificate of Deposit?
A certificate of deposit, or CD, is a time deposit. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years after you open the account, depending on the term you choose. You can close a CD before the term ends, but you typically will pay an early withdrawal penalty for doing so.

How Much Do I Need to Open a CD?
You can open and fund an Ally Bank CD with any amount. And, the Ally Ten Day Best Rate Guarantee for CDs gives you the best rate we offer for your CD term during the ten days starting with your CD open date, provided you fund your CD within that time. Generally, the longer the term of the CD, the higher the interest rate. While some banks require a minimum deposit in order to get the best interest rate, at Ally Bank, everyone gets the same great rate regardless of how much they deposit.

Where Can I Find the Highest CD Rate?
Generally, the best CD return can be found with online banks because online banks like Ally Bank have lower operating costs and can pass those savings on to customers.

Opening a CD Online
Opening a CD online at Ally Bank is simple and convenient; we'll guide you every step of the way. Explore your options at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

Ally Bank, Member FDIC

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