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.
Our Annual Percentage Yields (APYs) are accurate as of . Advertised APYs are subject to change. 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.
There’s no minimum balance required to open an account. The APY we pay is based on your opening deposit amount.
The APY is fixed for the term of the CD but subject to change upon renewal.
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.
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.
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.
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.
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 lets you withdraw all 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 8-month offer and 14-month offer, going on now.
You’ll have a 10-day grace period starting on your maturity date to do one (or more) of the following:
Change the term
Make additional deposits or withdraw funds
Close the CD
If you’re looking to renew your CD, no action is needed. After your 10-day grace period, your CD will automatically renew into the same term. There are Select CDs that don't renew into the same term; instead, they renew into the term defined when the CD was opened.