High Yield Certificate of Deposit (CD)

Available Terms
Annual Percentage Yield


Maximize your earnings. Period.

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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.

See how we compare

    Estimate your earnings

    Opening Deposit
    CD Term
    Annual Percentage Yield APY
    Estimated Earnings
    for 12 months

      What we're showing you

      Our Annual Percentage Yield (APY) is accurate as of 11/27/2015. The APYs for other banks are provided by mybanktracker.com and are accurate as of 11/20/2015. 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.
      2 years or less
      60 days of interest
      3 years
      90 days of interest
      4 years
      120 days of interest
      5 years 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.

      Customer Reviews

      Don't just take our word for it

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      We have answers

      • Can I make additional deposits to my CD?

        No. You can only make an initial funding deposit into your CD. After you've made an initial funding deposit, you won’t be able to add more money until the CD reaches maturity.

        When your CD matures, you'll have a 10-day grace period, starting at the maturity date, to make any changes. Call us at 1-877-247-ALLY (2559) before your maturity date or before the end of your grace period if you would like to make changes to your CD.

      • Are there any fees to open or maintain a certificate of deposit?

        There are no fees to open or obtain the APY on a certificate of deposit.

      • What's the minimum opening deposit for a CD?

        There's no minimum deposit to open a CD, but you may get a higher rate with a higher opening deposit.

      • What types of CDs do you offer?

        We offer a variety of CD options to meet your needs:

        High Yield CD – terms range from 3 to 60 months.

        Raise Your Rate CD – 2- and 4-year terms available. Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term if our rate for your term and balance tier goes up.

        No Penalty CD – 11-month term that allows you to withdraw all of your money any time after the first 6 days following the date you funded the account, and keep the interest earned with no penalties.

      • How do I withdraw funds from my CD at maturity?

        You can submit a transfer request up to one year before your CD matures or during your 10-day grace period in online banking.

        • Log in to your account
        • Go to the Main Menu , then Manage CDs
        • Select Make Changes
        • Choose Withdraw partial amount under Transfer Funds

        If you schedule a transfer prior to maturity, we'll usually initiate that transfer on your maturity date. You can transfer funds to another Ally Bank account, a verified non-Ally Bank account or we can send you a check.

      Still have questions? Visit our Help Center.