While some banks require a minimum opening deposit, you can open and fund an Ally Bank certificate of deposit (CD) with any amount. Plus, we have a variety of choices to meet your financial goals:
- Raise Your Rate CD: With our Raise Your Rate CDs, you have the option of a one-time rate increase if our Ally 2-Year CD rate goes up; you have the option to increase your rate twice (two times) if our Ally 4-Year CD rate goes up.
- High Yield CD: A CD with our highest fixed CD rate for a fixed term–anywhere from three months to five years.
- No Penalty CD: The Ally Bank 11-month No Penalty CD allows you to withdraw all your money, including interest earned, without any penalty, any time after the first six days following the date you fund your account.
As an online bank, we don't have the additional costs of traditional brick-and-mortar banks, so we can pass our savings on to you in the form of great rates. Interest is compounded daily to help your money grow faster, and your deposits are insured by the FDIC up to the maximum amount allowed by law.
Explore your options at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559).
Ally Bank, member FDIC