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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.

No monthly maintenance fees.

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

You have options. 

Available for Roth, SEP and Traditional IRAs. 

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 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.

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.

Explore Life Stages


We have answers.

Still have questions? Visit our Help Center .