Ally Bank No Penalty Certificate of Deposit (CD)


Smart savings. Penalty free.

Want to know more? Download our Straight Talk Product Guide

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.

See how we compare

11 Month

    Estimate your earnings

    Opening Deposit
    CD Term
    11 Month
    Annual Percentage Yield APY
    Estimated Earnings
    for 12 months

      What we're showing you

      Our Annual Percentage Yield (APY) is accurate as of 03/26/2017. The APYs for other banks are provided by and are accurate as of 03/24/2017. 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.

      Live customer care
      always available

      5 Years
      "Best Online Bank" 5 years in a row
      MONEY® Magazine 2011-2015

      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

      Customer Reviews

      Don't just take our word for it

      Average rating 4.4

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