Ally Bank No Penalty Certificate of Deposit (CD)


Smart savings. Penalty free.

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Managing your account is easy

Get the service you need, when you need it. Talk to a real person 24/7, and enjoy the convenience of Online Banking and Mobile Banking.

Maximized flexibility

Withdraw your full balance and interest any time after the first 6 days of funding your CD.


Get more for your money

We offer rates that are consistently competitive.

11 Month

Estimate your earnings

11 Month
Annual Percentage Yield Estimated Earnings for
Estimated Earnings

What we're showing you

Our Annual Percentage Yield (APY) is accurate as of 05/27/2017. The APYs for other banks are provided by and are accurate as of 05/26/2017. The APYs in this table are for the state of California.


No surprises

There are no maintenance fees for the No Penalty CD.

With our No Penalty 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.

If you decide to renew your CD, don’t do a thing, and we’ll automatically renew it.

Ally Bank

It’s good to be different

We're an online bank, which means we don't have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.

With Ally Bank, you get everything you expect from a traditional bank and more:

  • Peace of mind. No hidden fees. No maintenance fees. No minimum balance required
  • Fund your account. It's easy with Ally eCheck Deposit℠ or an ACH transfer
  • Keep track. Access your account anytime, anywhere with online and mobile banking
  • Ally Ten Day Best Rate Guarantee. When you fund your CD within 10 days of your open date, you'll get the best rate we offer for your term and balance tier if our rate goes up within that time. The Ally Ten Day Best Rate Guarantee also applies at renewal.
  • Interest compounded daily. We grow your money faster with interest compounded daily. Many others compound monthly, quarterly, or even annually.

Learn more about the benefits and conveniences of Ally Bank.

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When you want to build a better financial future

Whether you're starting to save or planning for retirement, we offer you the resources and the tools that can help you stay on track in any life stage.

  • Starting to Save

    Our Emergency Savings calculator can help you decide how much to put away for those unexpected costs.

  • Saving as a Family

    Use our Saving for the Future calculator to identify how much to save toward your goals.

  • Planning for Retirement

    Find out if you're on track to reach your retirement goals with our See How You Compare tool

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