IRA Raise Your Rate Certificate of Deposit (CD)
Make your money work harder. Give it a raise.
Annual Percentage Yield
No minimum deposit to open
It's your future. Save big for it.
Stash your cash for retirement with the best online bank.
If our rate goes up, you can raise yours.
There’s no minimum deposit required to open your account, and you’ll always start with a great rate. Plus, you’ll have the opportunity to raise it once for the 2-Year term or twice for the 4-Year term, if our rate goes up for your term and opening balance amount. Interest is compounded daily.
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.
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.
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 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?
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.
60 days of interest
120 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.
We have answers.