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Ally Bank

IRA Raise Your Rate Certificate of Deposit (CD)

Make your money work harder. Give it a raise.

Available Terms

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.

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 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. 

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.

  • 2-year term

    60 days of interest

  • 4-year term

    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.

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 .