Ally Bank High Yield Certificate of Deposit (CD)


Maximize your earnings. Period.

Want to know more? Download our Straight Talk Product Guide

Managing your account is easy

Get the service you need, when you need it. Talk to a real person 24/7, and enjoy the convenience of Online Banking and Mobile Banking.

Step up your savings

Learn how to combine long-term earnings with more frequent access to a portion of your money using our CD Ladder tool.


Get more for your money

We offer rates that are consistently competitive.

Estimate your earnings

Annual Percentage Yield Estimated Earnings for
Estimated Earnings

What we're showing you

Our Annual Percentage Yield (APY) is accurate as of 04/26/2017. The APYs for other banks are provided by and are accurate as of 04/21/2017. The APYs in this table are for the state of California.

If you make an early withdrawal, you will pay a penalty.


No surprises

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.

Early Withdrawals

Withdrawals before the maturity date are subject to penalties. 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 for full details on how we calculate the withdrawal penalty.

High Yield CDs Purchased or Renewed Before 12/07/13
60 days of interest
High Yield CDs Purchased or Renewed on or After 12/07/13
The penalty we charge will depend on your CD term.
24 months or less
60 days of interest
25 months – 36 months
90 days of interest
37 months – 48 months
120 days of interest
49 months or longer
150 days of interest

Ally Bank

It's good to be different

We're an online bank, which means we don't have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.

With Ally Bank, you get everything you expect from a traditional bank and more:

  • Peace of mind. No hidden fees. No maintenance fees. No minimum balance required
  • Fund your account. It's easy with Ally eCheck Deposit℠ or an ACH transfer
  • Keep track. Access your account anytime, anywhere with online and mobile banking
  • Ally Ten Day Best Rate Guarantee. When you fund your CD within 10 days of your open date, you’ll get the best rate we offer for your term and balance tier if our rate goes up within that time. The Ally Ten Day Best Rate Guarantee also applies at renewal.
  • Interest compounded daily. We grow your money faster with interest compounded daily. Many others compound monthly, quarterly, or even annually.

Learn more about the benefits and conveniences of Ally Bank.

When you want to build a better financial future

Whether you're starting to save or planning for retirement, we offer you the resources and the tools that can help you stay on track in any life stage.

  • Starting to Save

    Our Emergency Savings calculator can help you decide how much to put away for those unexpected costs.

  • Saving as a Family

    Use our Saving for the Future calculator to identify how much to save toward your goals.

  • Planning for Retirement

    Find out if you're on track to reach your retirement goals with our See How You Compare tool

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