Smart savings. Penalty free.
Great rates and flexibility. It's the best of both worlds.
Seriously. No penalty.
There’s no minimum deposit required to open your account, and you can withdraw your full balance and interest any time after the first 6 days of funding your CD. Plus, we don’t charge monthly maintenance fees.
Your money earns money with a competitive rate.
Get the best rate we offer for your CD term with the Ally Ten Day Best Rate Guarantee and grow your money with interest compounded daily.
We reward you when you renew.
We’re currently giving a 0.05% Loyalty Reward when you renew your CD to any CD with us. Check back 30 days before your CD matures to see what the reward is at that time.
Features offered with every Ally Bank 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 moreNo monthly maintenance fees.
Don’t expect any sneaky monthly maintenance fees with us.
Open in the name of a trust.
Offer flexibility and security for the ones you care about most.
Learn moreBoost 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 LookGet more for your money.
Compare the cost of banking somewhere else.
What you should know.
Our Annual Percentage Yields (APYs) are accurate as of . Advertised APYs are subject to change. 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 North Carolina.
There’s no minimum balance required to open an account. The APY we pay is based on your opening deposit amount.
The APY is fixed for the term of the CD but subject to change upon renewal.
No hidden fees, no surprises.
You shouldn't be nickel and dimed for using your own money.
Get to know every aspect of this account before you sign up.
Check out our Straight Talk Product Guide (PDF)
Better banking, starting now.
Get your account up and running in minutes.
Tell us about yourself. We'll need some personal info, like your address and Social Security number.
Add money to your account. The faster you fund, the sooner you'll earn interest.
Enjoy all the perks. Start exploring everything we have to offer.
The reviews are in.
People like it here. We think you will, too.
Average Rating
FAQs
We have answers.
There are no fees to open or obtain the APY on a certificate of deposit.
There's no minimum deposit to open a CD, but you may get a higher rate with a higher opening deposit.
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, go to Manage CDs online or in the Ally app. From there, you can make changes or add funds to your balance.
If you schedule a transfer prior to maturity, we'll usually initiate that transfer on your maturity date. You can transfer funds from another Ally account or a verified account you have at another institution.
If you don't see the transfer method you're looking for, give us a call at 1-877-247-2559.
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.
You have a 10-day grace period starting on your maturity date to change the term, make additional deposits or withdraw funds, or close the CD.
After your 10-day grace period, your CD will automatically renew into the same system if you don't make any changes.
To provide renewal instructions, go to Manage CDs online or in the Ally app.
We offer a variety of CD options to meet your needs: High Yield CD - terms range from 3 to 60 months. Raise Your Rate CD - 2 and 4-year terms available. Start with a great rate, plus have the opportunity to increase your rate once over the 2-year term or twice over the 4-year term if our rate for your term and balance tier goes up. No Penalty CD - 11-month term that allows you to withdraw all of your money any time after the first 6 days following the date you funded the account, and keep the interest earned with no penalties. Select CD - take advantage of promotional terms featuring all the benefits of a High Yield CD. We're currently offering 7-month and 14-month terms.
Still have questions? Visit our Help Center.