If you're searching for a great rate on a certificate of deposit (CD), you're probably already aware that not all CDs are created equal. In fact, you can easily find differences in CD interest rates from bank to bank. Rates also tend to vary according to term length, so it makes sense to compare several options to be sure you’re getting the product that best meets your needs.
How Ally Bank CDs Stack Up.
Because we're an online bank with lower overhead costs than our brick-and-mortar counterparts, we can pass the savings on to customers in the form of great rates. You can open and fund an Ally Bank CD with any amount and we offer a variety of CDs to meet your savings 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.
Just click the "compare" tab from any of the CD product pages on Allybank.com to see how our rates compare with those of our competitors. Plus, all our CDs are backed by our Ten Day Best Rate Guarantee, which gives you the best rate we offer for your CD during the first ten days starting with your open date if you fund your CD within that time.
Explore your options at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559).
Ally Bank, member FDIC