Ally Bank
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IRA High Yield Certificate of Deposit (CD)

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


More for your retirement

  • Competitive rates
  • Grow your money faster with interest compounded daily
  • If you fund your IRA CD within 90 days, you'll get the best rate we offer for your term and balance on either the day you open or the day you fund your account
  • Flexible funding options, including rollover to Roth and Traditional IRAs
  • Available for Roth, SEP and Traditional IRAs. Find the IRA for you
  • Your deposits are insured by the FDIC up to the maximum allowed by law. Maximize your coverage

Want to know more? Download our Straight Talk Product Guide

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.

Looking for IRA forms?

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

    Annual Percentage Yield Estimated Earnings for
    Estimated Earnings

    What we're showing you

    Our Annual Percentage Yield (APY) is accurate as of 07/22/2019. The APYs for other banks are provided by and are accurate as of 07/19/2019. The APYs in this table are for the state of California.

    If you make an early withdrawal, you may pay a penalty. An additional IRS tax may also apply; please consult your tax professional.


    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.

    IRA High Yield CDs Purchased or Renewed Before 12/07/13
    60 days of interest
    IRA High Yield CDs Purchased or Renewed on or After 12/07/13
    The penalty we charge 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
    49 months or longer
    150 days of interest

    Your withdrawal may be subject to an additional 10% Internal Revenue Service (IRS) tax if it's made before you reach age 59½. You may want to check with a tax professional before making withdrawals from your IRA CD.

    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
    • Keep track. Access your account anytime, anywhere with online and mobile banking
    • Ally Ten Day Best Rate Guarantee. When you renew your CD, you'll get the best rate we offer within 10 days of renewal date if our rate goes up on your term and balance tier within that time. Most banks only offer one rate – the one you get the day you renew.
    • 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.

    When you want to build a better financial future

    Whether you're starting to save or planning for retirement, we offer you the resources and the tools that can help you stay on track in any life stage.

    • Starting to Save

      Our Emergency Savings calculator can help you decide how much to put away for those unexpected costs.

    • Saving as a Family

      Use our Saving for the Future calculator to identify how much to save toward your goals.

    • Planning for Retirement

      Find out if you're on track to reach your retirement goals with our See How You Compare tool


    We have answers

    Still have questions? Visit our Help Center.