High Yield Certificate of Deposit (CD)
Saving your money is great. Growing it is even better.
Annual Percentage Yield
No minimum deposit to open
Maximize your earnings. Period.
It's time to step up your savings game.
Earn more with competitive rates.
There’s no minimum deposit required to open your account, and you’ll always get the best rate we offer for your CD term with the Ally Ten Day Best Rate Guarantee . Your money grows with interest compounded daily .
We reward you when you renew.
We’re currently giving a 0.05% Loyalty Reward when you renew your CD to any CD with us. Check back 30 days before your CD matures to see what the reward is at that time.
Manage your CD online.
We make it easy to manage your CD online. When it’s time to renew, don’t do a thing and we’ll renew it automatically. Plus, we don’t charge any monthly maintenance fees.
Features offered with every Ally Bank CD.
Digital banking tools.
It’s easy to bank anytime, anywhere with the Ally Mobile app.
Your money, FDIC-insured.
Deposits are insured by the FDIC up to the maximum allowed by law.
No monthly maintenance fees.
Don’t expect any sneaky monthly maintenance fees with us.
Open in the name of a trust.
Offer flexibility and security for the ones you care about most.
Up your saving strategy with a CD ladder
See how combining short-term and long-term CDs can help you maximize your earning potential and save smarter.
Get more for your money.
Compare the cost of banking somewhere else.
What you should know.
Our Annual Percentage Yields (APYs) are accurate as of . The APYs for other banks are provided by mybanktracker.com and are accurate as of . The APYs in this table are for the state of California.
The APY we pay is based on your opening deposit amount. Advertised APYs are subject to change.
No hidden fees, no surprises.
You shouldn't be nickel and dimed for using your own money.
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.
Withdrawals before the maturity date are subject to penalties. Partial withdrawals aren’t allowed. Are there exceptions?
Early withdrawal penalties 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
48 months or longer
150 days of interest
Get to know every aspect of this account before you sign up.
Check out our Straight Talk Product Guide (PDF)
Bank better, starting now.
It only takes a few minutes to open an account.
1. Tell us about yourself.
We'll need some personal details like your address, contact information and social security number.
2. Fund your account.
There’s no minimum amount to open an account, but the faster you fund, the sooner you’ll earn interest.
3. Enjoy our award-winning experience.
Get online access right away and explore everything we offer as well as other ways we can help you reach your goals.
Build a better financial future.
Whether you’re just starting out or nearing retirement, we’ve got resources and tools to help you at any life stage.
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