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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.

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. 

Up your saving strategy with a CD ladder

See how combining short-term and long-term CDs can help you maximize your earning potential and save smarter. 

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 mybanktracker.com and are accurate as of . The APYs in this table are for the state of North Carolina.

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.

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.

It only takes a few minutes to open an account.

1. Tell us about yourself.

We'll need some personal details like your address, contact information and social security number.

2. Fund your account.

There’s no minimum amount to open an account, but the faster you fund, the sooner you’ll earn interest.

3. Enjoy our award-winning experience.

Get online access right away and explore everything we offer as well as other ways we can help you reach your goals.

Build a better financial future.

Whether you’re just starting out or nearing retirement, we’ve got resources and tools to help you at any life stage.

Explore Life Stages

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FAQs

We have answers.

Still have questions? Visit our Help Center .