Ally Bank
  • 1-877-247-2559
  • Open 24/7

No Penalty Certificate of Deposit (CD)

Easy money with an easy out

Annual Percentage Yield with 11 month term

Less than $5,000
opening deposit
$5,000 minimum
opening deposit
$25,000 minimum
opening deposit
with 11 month term
Photo of Monique. Ally employee since 2012.


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

    11 Month
    Compare your earnings at Ally Bank with other banks.
    Bank Annual Percentage Yield Estimated Earnings

    What we're showing you

    Our Annual Percentage Yield (APY) is accurate as of 06/20/2019. The APYs for other banks are provided by and are accurate as of 06/14/2019. The APYs in this table are for the state of North Carolina.


    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

    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

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    Average rating 4.5

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