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.
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.
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.
You have a 10-day grace period starting on your maturity date to:
Change the term
Make additional deposits or withdraw funds
Close the CD
After your 10-day grace period, your CD will automatically renew into the same term if you don't make any changes. There are Select CDs that don't renew into the same term, instead they renew into the term defined when the CD is open.
To provide renewal instructions online, choose Manage CDs.
To provide renewal instructions from the Ally Mobile App: Log in, choose after the Current Balance, select Manage CDs and then choose Make Changes.
To provide renewal instructions for your IRA CDs, give us a call at 1-877-247-2559
No. 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 online: Log in and choose Manage CDs.
To add funds to your CD from the Ally Mobile App: Log in, choose after the Current Balance, select Manage CDs and then choose Make Changes.
If you schedule a transfer prior to maturity, we'll usually initiate that transfer on your maturity date. You can transfer money from another Ally Bank account, Ally Invest account or a verified account you have at another institution.
We offer a variety of CD options to meet your needs:
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 - Occasionally we offer a promotional term featuring all the benefits of a high-yield CD, available for a limited time. Don’t miss our special 20-month Select CD offer, going on now.