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Ally Bank

No Penalty Certificate of Deposit (CD)

Easy money with an easy out.


Annual Percentage Yield with an 11-month term. 

No minimum deposit to open

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.

Earn more with competitive rates.

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 more

No 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 more

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.


11 Month

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 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.

We don’t charge any maintenance fees for your Ally Bank CD.

You will not be charged a penalty for early withdrawal. You can withdraw your full balance and interest any time after the first 6 days following the date you funded the account. 

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.

The reviews are in.

People like it here. We think you will, too.

Average Rating





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