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Ally Bank

IRA High Yield Certificate of Deposit (CD)

You can't predict the future. But you can save for it.

Available terms

Annual Percentage Yield

No minimum deposit to open

More money for retirement.

Build your nest egg with the best online bank.

Earn more with competitive rates.

There’s no minimum deposit required to open, and you’ll always start with a great rate. With  interest compounded daily , your money grows faster. 

Manage your IRA online.

Keep your retirement savings right where you can see it. Log in anytime to manage your account. Plus, we don’t charge any monthly maintenance fees.

Get our best rate—guaranteed.

Fund within 90 days and get the best rate we offer for your term and balance, on either the day you open or the day you fund. Plus, enjoy the Ally Ten Day Best Rate Guarantee when you renew.

Why choose this type of retirement account?

If you don’t want your retirement funds riding the waves of the market, an Ally Bank IRA is a great option. You’ll still get the tax benefits of an IRA and it’s FDIC insured

Features offered with every Ally Bank IRA 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.

Learn more

No monthly maintenance fees.

Don’t expect any sneaky monthly maintenance fees with us.

You have options. 

Available for Roth, SEP and Traditional IRAs. 

Find the IRA for you

Boost your CD strategy with a ladder.

Mix CDs of varying term lengths and rates for long-term returns and more frequent access to your money.

Take A Closer Look

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 and are accurate as of . The APYs in this table are for the state of California.

The APY we pay is based on the tier in which your end-of-day balance falls. APYs are variable and 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. 

Early withdrawals

Withdrawals before the maturity date are subject to penalties. Partial withdrawals aren’t allowed.  Are there exceptions?

Additionally, your withdrawal may be subject to an additional Internal Revenue Service (IRS) tax. Check with a tax professional before making withdrawals from your IRA plan.

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.

Get your account up and running in minutes.

step one

Tell us about yourself.

We’ll need some personal info, like your address and Social Security number.

step two

Add money to your account.

The faster you fund, the sooner you’ll earn interest. No minimum deposit required.

step three

Enjoy our award-winning experience.

Start exploring (and enjoying) everything we have to offer.


We have answers.

Still have questions? Visit our Help Center .