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

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.

Explore CD Ladders

Get more for your money.

Compare the cost of banking somewhere else.

Opening Deposit

What you should know.

Our Annual Percentage Yields (APYs) are accurate as of XX/XX/XX . The APYs for other banks are provided by mybanktracker.com and are accurate as of XX/XX/XX . 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.

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.

Open New Account

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.

Explore Life Stages

FAQs

We have answers.

You'll receive the highest rate and annual percentage yield (APY) offered for the balance tier and term of your IRA CD on either the day you open it or the day you fund it.

Our IRA Raise Your Rate CD also gives you the option to raise your rate once over the 2-year term and twice over the 4-year term if our rate goes up for your term and balance tier.

Keep in mind, for IRA CDs, our Ten Day Best Rate Guarantee only applies at renewal, starting on your maturity date. This guarantee doesn't apply to interest rate increases for the IRA Raise Your Rate CD
We offer IRA CD options to meet your needs.

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

IRA Raise Your Rate CD – 2- and 4-year terms available. You have the option to raise your rate once over the 2-year term and twice over 4-year term if our rate goes up for your term and balance tier.
No. Once you open and fund your CD, you can't add funds again until your CD matures, but you can schedule a transfer up to one year before the maturity date. When your CD matures, you'll have a 10-day grace period -- starting on your maturity date — to transfer funds or make other changes.

To add funds to your CD online: Log in and choose Manage CDs.

To add funds to your CD from the Ally Mobile App: Log in, choose after the Current Balance, select Manage CDs and then choose Make Changes.

If you schedule a transfer prior to maturity, we'll usually initiate that transfer on your maturity date. You can transfer money from another Ally Bank account, Ally Invest account or a verified account you have at another institution.
You don't have to do anything to get the loyalty reward.

It's automatically added when your CD, including IRA CDs, renew. Want to change terms? No problem. Your loyalty reward will be added to any term you choose for your CD, including IRA CD, at renewal. Check back 30 days before your CD matures to see what the reward is at that time.

To change terms or add funds online: Log in, choose Manage CDs. From there, you can make changes or add funds to your balance.

To change terms or add funds from the Ally Mobile App: Log in, choose after the Current Balance, select Manage CDs and then choose Make Changes.

Still have questions? Visit our Help Center .